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: 895
- Total Assets: $184.1M
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 | 895 | $184.1M | $10.0M | $0 |
| 2023 | 893 | $194.3M | $10.0M | $0 |
| 2022 | 933 | $196.1M | $0 | $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 | $226,071 | — | $226,071 |
| GOLDMAN SACHS ASSET MGT LP | Investment Advisor | $124,666 | — | $124,666 |
| BLACKROCK FINANCIAL MANAGEMENT, INC | Other Service Provider | $45,016 | — | $45,016 |
| STEPSTONE CAPITAL PARTNERS | Other Service Provider | $41,890 | — | $41,890 |
| WELLINGTON TRUST COMPANY, N.A. | Other Service Provider | — | $41,058 | $41,058 |
| TOWNSEND GREAT LAKES & PLAINS, LLP | Other Service Provider | $40,681 | — | $40,681 |
| MFS HERITAGE TRUST COMPANY | Other Service Provider | $38,284 | — | $38,284 |
| DELOITTE & TOUCHE LLP | Auditor | $34,500 | — | $34,500 |
| PRINCIPAL TRUST COMPANY | Recordkeeper | $34,362 | — | $34,362 |
| BLACKROCK INSTITUTIONAL TR CO., N.A | Other Service Provider | — | $28,879 | $28,879 |
| JENNISON ASSOCIATES LLC | Recordkeeper | $24,273 | — | $24,273 |
| JP MORGAN CHASE BANK, N.A. | Recordkeeper | $23,766 | — | $23,766 |
| NISA INVESTMENT ADVISORS LLC | Other Service Provider | $23,725 | — | $23,725 |
| PRUDENTIAL TRUST COMPANY | Other Service Provider | $23,012 | — | $23,012 |
| EATON VANCE MANAGEMENT | Recordkeeper | $19,318 | — | $19,318 |
| BOSTON PARTNERS TRUST COMPANY | Other Service Provider | — | $13,677 | $13,677 |
| 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
- DELOITTE & TOUCHE LLP — Auditor
- PRINCIPAL TRUST COMPANY — Recordkeeper
- JENNISON ASSOCIATES LLC — Recordkeeper
- JP MORGAN CHASE BANK, N.A. — Recordkeeper
- EATON VANCE MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $792,177
- Estimated Expense Ratio: 0.430% 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 | $1,378,914 | $437,188 | — | $34,500 | — |
| 2023 | $2,160,992 | $540,845 | — | $25,882 | — |
| 2022 | $1,031,033 | $490,287 | — | — | $375,268 |