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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | Recordkeeper | $1,352,377 | — | $1,352,377 |
| GOLDMAN SACHS ASSET MGT LP | Investment Advisor | $811,570 | — | $811,570 |
| MFS HERITAGE TRUST COMPANY | Other Service Provider | $307,536 | — | $307,536 |
| BLACKROCK FINANCIAL MANAGEMENT | Other Service Provider | $293,562 | — | $293,562 |
| STEPSTONE CAPITAL PARTNERS | Other Service Provider | $282,921 | — | $282,921 |
| WELLINGTON TRUST COMPANY, N.A. | Other Service Provider | — | $265,835 | $265,835 |
| TOWNSEND GREAT LAKES & PLAINS, LLC | Other Service Provider | $263,211 | — | $263,211 |
| PRINCIPAL TRUST COMPANY | Recordkeeper | $202,092 | — | $202,092 |
| BLACKROCK INSTITUTIONAL TR CO., N.A | Other Service Provider | — | $186,979 | $186,979 |
| JENNISON ASSOCIATES LLC | Recordkeeper | $158,054 | — | $158,054 |
| NISA INVESTMENT ADVISORS LLC | Other Service Provider | $155,309 | — | $155,309 |
| JP MORGAN CHASE BANK, N.A. | Recordkeeper | $155,300 | — | $155,300 |
| PRUDENTIAL TRUST COMPANY | Other Service Provider | $152,094 | — | $152,094 |
| EATON VANCE MANAGEMENT | Recordkeeper | $126,398 | — | $126,398 |
| BOSTON PARTNERS TRUST COMPANY | Other Service Provider | — | $88,556 | $88,556 |
| DELOITTE & TOUCHE LLP | Auditor | $34,500 | — | $34,500 |
| LGIM AMERICA INC | Other Service Provider | $26,704 | — | $26,704 |
| WILSHIRE ADVISORS LLC | Recordkeeper | $13,268 | — | $13,268 |
| DELOITTE TAX LLP | Other Service Provider | $8,999 | — | $8,999 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
- GOLDMAN SACHS ASSET MGT LP — Investment Advisor
- PRINCIPAL TRUST COMPANY — Recordkeeper
- JENNISON ASSOCIATES LLC — Recordkeeper
- JP MORGAN CHASE BANK, N.A. — Recordkeeper
- EATON VANCE MANAGEMENT — Recordkeeper
- DELOITTE & TOUCHE LLP — Auditor
- WILSHIRE ADVISORS LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,885,265
- Estimated Expense Ratio: 0.393% 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 |