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: 1,952
- Total Assets: $860.3M
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 | 1,952 | $860.3M | $0 | $0 |
| 2023 | 1,953 | $918.9M | $0 | $0 |
| 2022 | 1,942 | $909.1M | $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 |
|---|---|---|---|---|
| GOLDMAN SACHS ASSET MGMT LP | Investment Advisor | $615,085 | — | $615,085 |
| WILLIS TOWERS WATSON | Recordkeeper | $593,222 | — | $593,222 |
| BLACKROCK FINANCIAL MANAGEMENT, INC | Other Service Provider | $225,425 | — | $225,425 |
| WELLINGTON TRUST COMPANY, N.A. | Other Service Provider | — | $202,842 | $202,842 |
| PRINCIPAL TRUST COMPANY | Recordkeeper | $201,453 | — | $201,453 |
| TOWNSEND GREAT LAKES & PLAINS, LLP | Other Service Provider | $171,816 | — | $171,816 |
| STEPSTONE CAPITAL PARTNERS | Other Service Provider | $167,282 | — | $167,282 |
| MFS HERITAGE TRUST COMPANY | Other Service Provider | $159,477 | — | $159,477 |
| JENNISON ASSOCIATES LLC | Recordkeeper | $155,800 | — | $155,800 |
| NISA INVESTMENT ADVISORS LLC | Other Service Provider | $151,171 | — | $151,171 |
| BLACKROCK INSTITUTIONAL TR CO., N.A | Other Service Provider | — | $142,672 | $142,672 |
| PRUDENTIAL TRUST COMPANY | Other Service Provider | $141,404 | — | $141,404 |
| JP MORGAN CHASE BANK, N.A. | Recordkeeper | $98,817 | — | $98,817 |
| EATON VANCE MANAGEMENT | Recordkeeper | $80,463 | — | $80,463 |
| BOSTON PARTNERS TRUST COMPANY | Other Service Provider | — | $67,572 | $67,572 |
| DELOITTE & TOUCHE LLP | Auditor | $34,500 | — | $34,500 |
| LGIM AMERICA INC | Other Service Provider | $17,335 | — | $17,335 |
| WILSHIRE ADVISORS LLC | Recordkeeper | $9,978 | — | $9,978 |
| 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:
- GOLDMAN SACHS ASSET MGMT LP — Investment Advisor
- WILLIS TOWERS WATSON — Recordkeeper
- 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: $3,245,313
- Estimated Expense Ratio: 0.377% 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 | $6,666,322 | $2,155,755 | — | $34,500 | — |
| 2023 | $8,586,731 | $2,474,977 | — | $25,882 | — |
| 2022 | $3,856,253 | $2,169,441 | — | — | $1,009,378 |