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: 892
- Total Assets: $342.7M
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 | 892 | $342.7M | $0 | $0 |
| 2023 | 868 | $361.6M | $0 | $0 |
| 2022 | 847 | $353.2M | $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 | $242,809 | — | $242,809 |
| WILLIS TOWERS WATSON | Recordkeeper | $219,654 | — | $219,654 |
| WELLINGTON TRUST COMPANY, N.A. | Other Service Provider | — | $80,808 | $80,808 |
| BLACKROCK FINANCIAL MANAGEMENT | Other Service Provider | $74,510 | — | $74,510 |
| TOWNSEND GREAT LAKES & PLAINS, LLP | Other Service Provider | $68,088 | — | $68,088 |
| STEPSTONE CAPITAL PARTNERS | Other Service Provider | $66,720 | — | $66,720 |
| PRINCIPAL TRUST COMPANY | Recordkeeper | $65,737 | — | $65,737 |
| MFS HERITAGE TRUST COMPANY | Other Service Provider | $63,320 | — | $63,320 |
| JENNISON ASSOCIATES LLC | Recordkeeper | $61,739 | — | $61,739 |
| NISA INVESTMENT ADVISORS LLC | Other Service Provider | $60,092 | — | $60,092 |
| PRUDENTIAL TRUST COMPANY | Other Service Provider | $57,384 | — | $57,384 |
| BLACKROCK INSTITUTIONAL TR CO., N.A | Other Service Provider | — | $56,838 | $56,838 |
| JP MORGAN CHASE BANK, N.A. | Recordkeeper | $39,164 | — | $39,164 |
| DELOITTE & TOUCHE LLP | Auditor | $34,500 | — | $34,500 |
| EATON VANCE MANAGEMENT | Recordkeeper | $31,947 | — | $31,947 |
| BOSTON PARTNERS TRUST COMPANY | Other Service Provider | — | $26,919 | $26,919 |
| DELOITTE TAX LLP | Other Service Provider | $8,999 | — | $8,999 |
| LGIM AMERICA INC | Other Service Provider | $6,847 | — | $6,847 |
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
- DELOITTE & TOUCHE LLP — Auditor
- EATON VANCE MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,266,075
- Estimated Expense Ratio: 0.369% 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 | $1,205,133 | $826,478 | — | $34,500 | — |
| 2023 | $1,648,654 | $959,094 | — | $25,882 | — |
| 2022 | $1,473,188 | $842,885 | — | — | $396,514 |