401(k) · DOL Form 5500 · 2022
Xcel Energy Inc 401(k) Plan
Data updated 2026-08-25
- $2.7B
- Total assets Very large vs avg
- 8,771
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $308,791
- Avg per participant High balance/head
Official DOL plan name: Xcel Energy 401(k) Savings Plan · Sponsored by Xcel Energy Inc · Minnesota · Utilities
$2.7B in assets, 8,771 participants
Xcel Energy Inc's Xcel Energy 401(k) Savings Plan reported $2.7B in total assets and 8,771 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #702 in Utilities (738 peers)
Coverage in Minnesota
Xcel Energy 401(k) Savings Plan covers 8,771 participants in Minnesota, 7.8x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.7B.
- #702
- in Utilities (738 peers)
- -17.0%
- assets change YoY
- 27×
- vs typical plan assets (national mean)
The plan reported a net loss of $557M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Xcel Energy 401(k) Savings Plan's outsized position by total assets
Xcel Energy 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,708,407,286 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Xcel Energy 401(k) Savings Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Xcel Energy 401(k) Savings Plan lands in the large band (8,771 participants).
Form 5500 schedule snapshot
Filing strip 410448030 · Xcel Energy Inc PY 2022 · 401(k)
Xcel Energy 401(k) Savings Plan · $2.7B · 8,771 · 100th
- IND $2.7B
- IND 8,771
- IND 100th
- IND 401(k)
- IND near Ameren Corporation Savings Investment Plan
- IND ind #702
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Minnesota →
Xcel Energy 401(k) Savings Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $3.3B |
|---|---|
| Net Assets (End of Year) | $2.7B |
| Net Income | -$557M |
| Employer EIN | 410448030 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Xcel Energy Inc)
Sponsor-wide plan assets over time
All Xcel Energy Inc plans reported in each filing year
- Latest sponsor-wide plan assets
- $6.7B 6.830659372847735% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 8 | 22,725 | $6.3B |
| 2023 | 8 | 23,520 | $6.6B |
| 2024 | 8 | 23,238 | $6.7B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Scale composition for Xcel Energy 401(k) Savings Plan
Xcel Energy 401(k) Savings Plan reports $2.7B in end-of-year assets across 8,771 participants (0.022% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $308,791 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2022 was -$557M.
This plan identity (EIN 410448030, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.7B to $3.1B (+14.2%) while covered participants moved from 8,771 to 8,941 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,771 | $2.7B | This page |
| 2023 | 9,334 | $2.9B | Open filing |
| 2024 · index core | 8,941 | $3.1B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Xcel Energy 401(k) Savings Plan (401(k), $3.1B, 8,941 participants)
- Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees (Defined Benefit (Pension), $1.2B, 7,386 participants)
- New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees (Defined Benefit (Pension), $860M, 1,972 participants)
- New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee (401(k), $585M, 1,925 participants)
Xcel Energy 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Ameren Corporation Savings Investment Plan in MO ($2.7B); by covered participants it is Krispy Kreme Doughnut Corporation Retirement Savings Plan in NC (8,771 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.7B here).
- Ameren Corporation Savings Investment Plan (MO) $2.7B · 8,851
- Battelle Employees' Savings Plan (OH) $2.7B · 7,979
- Universal Health Services, Inc. Retirement Savings Plan (PA) $2.7B · 60,986
- Valero Energy Corporation Thrift Plan (TX) $2.7B · 7,979
Similar participant headcount
Nearest other-state filings by covered participants (8,771 participants); asset peers above are excluded.
- Krispy Kreme Doughnut Corporation Retirement Savings Plan (NC) 8,771 · 0 off
- Cnh Industrial U.S. Retirement Savings Plan (WI) 8,769 · 2 off
- Stantec 401(k) Plan (AZ) 8,764 · 7 off
- Edward- Elmhurst Healthcare Retirement Savings Plan (IL) 8,786 · 15 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.