# Xcel Energy INC. 401(k) Plan
Source: https://planprovider.pro/companies/xcel-energy-inc-410448030-550

> Xcel Energy INC.'s 401(k) plan: 11,534 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Xcel Energy INC.

- **Sponsor EIN:** 410448030

- **Sponsor Address:** 414 NICOLLET MALL, 401-3, MINNEAPOLIS, MN, 55401

- **Plan Type:** 401(k)

- **Plan Number:** 550

- **Total Participants:** 11,534

- **Total Assets:** $420.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|11,534|$420.7M|$246.9M|$39.7M|

| 2023|12,258|$409.6M|$211.3M|$38.5M|

| 2022|11,295|$415.3M|$184.9M|$36.6M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| CIGNA|Other Service Provider|$4,186,125|—|$4,186,125|

| WILLIS TOWERS WATSON|Actuary|$1,261,173|—|$1,261,173|

| MEDCO HEALTH SOLUTIONS|Other Service Provider|$1,032,943|—|$1,032,943|

| THE HARTFORD|Other Service Provider|$562,678|—|$562,678|

| DELTA DENTAL OF MINNESOTA|Other Service Provider|$488,999|—|$488,999|

| PRINCIPAL TRUST COMPANY|Custodian / Trustee|$261,268|—|$261,268|

| VISION SERVICE PLAN|Other Service Provider|$181,459|—|$181,459|

| SUN LIFE CAPITAL MGMT (U.S.) LLC|Other Service Provider|$175,396|—|$175,396|

| T. ROWE PRICE ASSOCIATES, INC.|Other Service Provider|$159,514|—|$159,514|

| GOLDMAN SACHS|Investment Advisor|$150,000|—|$150,000|

| EATON VANCE|Other Service Provider|$74,178|—|$74,178|

| PAYFLEX-EXTEND|Other Service Provider|$66,975|—|$66,975|

| DELOITTE & TOUCHE LLP|Auditor|$59,000|—|$59,000|

| OPTUMHEALTH FINANCIAL SERVICES|Other Service Provider|$12,788|—|$12,788|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WILLIS TOWERS WATSON](https://planprovider.pro/provider/lincoln-financial-group) — Actuary

- [PRINCIPAL TRUST COMPANY](https://planprovider.pro/provider/principal-financial-group-inc) — Custodian / Trustee

- [GOLDMAN SACHS](https://planprovider.pro/provider/goldman-sachs) — Investment Advisor

- [DELOITTE & TOUCHE LLP](https://planprovider.pro/provider/deloitte-and-touche-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $8,672,496

- **Estimated Expense Ratio:** 2.061% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$8,929,462|$661,054|$6,531,967|$59,000|—|

| 2023|$9,058,511|$603,422|$6,819,555|$57,000|—|

| 2022|$9,997,548|$706,086|$8,406,103|—|$660,956|

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