Xcel Energy Inc. Employee Welfare Benefit Plan — Form 5500 plan (Xcel Energy Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Xcel Energy Inc. Employee Welfare Benefit Plan is a benefit plan reported by Xcel Energy Inc. under EIN 41-0448030 and plan number 550. The latest loaded filing year is 2023. The filing reports 17,305 participants and $409,622,436 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Xcel Energy Inc.
- EIN
- 41-0448030
- Plan number
- 550
- Plan type
- 2
- Location
- Minneapolis, MN
- Latest filing year
- 2023
- Participants
- 17,305
- End-of-year plan assets
- $409,622,436
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 17,305 | H, C | 20241015040423NAL0028768529001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $409,622,436
- Total liabilities (EOY)
- $28,410,053
- Net assets (EOY)
- $381,212,383
- Net assets (BOY)
- $384,203,170
Income & contributions
- Employer contributions
- $211,343,287
- Participant contributions
- $38,475,277
- Total contributions
- $249,818,564
- Total income / additions
- $280,135,358
Expenses & distributions
- Benefits paid
- $274,067,634
- Administrative expenses
- $9,058,511
- Total expenses
- $283,126,145
- Net increase / (decrease)
- -$2,990,787
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cigna | NONE | $4,441,662 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson | ACTUARY | $1,108,555 | not reported in the loaded dataset | 2023 |
| Medco Health Solutions | NONE | $997,045 | not reported in the loaded dataset | 2023 |
| The Hartford | NONE | $594,149 | not reported in the loaded dataset | 2023 |
| Delta Dental Of Minnesota | NONE | $462,203 | not reported in the loaded dataset | 2023 |
| Vision Service Plan | NONE | $188,891 | not reported in the loaded dataset | 2023 |
| T. Rowe Price Associates, Inc. | NONE | $173,983 | $0 | 2023 |
| Sun Life Capital Mgmt (U.S.) LLC | NONE | $165,283 | not reported in the loaded dataset | 2023 |
| Goldman Sachs | INVESTMENT ADVISORY | $150,000 | not reported in the loaded dataset | 2023 |
| Principal Trust Company | NONE | $149,981 | not reported in the loaded dataset | 2023 |
| Payflex-Extend | NONE | $82,516 | not reported in the loaded dataset | 2023 |
| Eaton Vance | NONE | $75,605 | not reported in the loaded dataset | 2023 |
| Deloitte & Touche Llp | NONE | $57,000 | not reported in the loaded dataset | 2023 |
| Optumhealth Financial Services | NONE | $53,088 | not reported in the loaded dataset | 2023 |
| Blackrock Institutional Tr Co, N.A. | NONE | $35,854 | $0 | 2023 |
| State Street Global Advisors Tr Co | NONE | $2,696 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Xcel Energy Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Minneapolis, MN
- Cigna — Schedule C compensation
- Willis Towers Watson — Schedule C compensation
- Medco Health Solutions — Schedule C compensation
- The Hartford — Schedule C compensation
- Delta Dental Of Minnesota — Schedule C compensation
- Vision Service Plan — Schedule C compensation
- T. Rowe Price Associates, Inc. — Schedule C compensation
- Sun Life Capital Mgmt (U.S.) LLC — Schedule C compensation
- Goldman Sachs — Schedule C compensation
- Principal Trust Company — Schedule C compensation
- Payflex-Extend — Schedule C compensation
- Eaton Vance — Schedule C compensation
- Deloitte & Touche Llp — Schedule C compensation
- Optumhealth Financial Services — Schedule C compensation
- Blackrock Institutional Tr Co, N.A. — Schedule C compensation
- State Street Global Advisors Tr Co — Schedule C compensation