Plan Snapshot
- Plan Sponsor: Xcel Energy INC.
- Sponsor EIN: 410448030
- Sponsor Address: 414 NICOLLET MALL, 401-5, MINNEAPOLIS, MN, 55401
- Plan Type: DB
- Total Participants: 7,305
- Total Assets: $1.2B
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 | 7,305 | $1.2B | $115.0M | $0 |
| 2023 | 7,317 | $1.3B | $90.0M | $0 |
| 2022 | 7,262 | $1.3B | $50.0M | $0 |
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 |
|---|---|---|---|---|
| DELOITTE & TOUCHE LLP | Auditor | $34,500 | — | $34,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,500
- Estimated Expense Ratio: 0.003% 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 | $5,079,961 | $2,897,645 | — | $34,500 | — |
| 2023 | $9,657,114 | $3,598,154 | — | $25,882 | — |
| 2022 | $5,945,069 | $3,043,286 | — | — | $1,738,798 |