401(k) · DOL Form 5500 · 2022

Xcel Energy Inc 401(k) Plan

Data updated 2026-08-11

$146M
Total assets
957
Participants
95th
Percentile by assets
$152,766
Avg per participant
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Official DOL plan name: New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees · Sponsored by Xcel Energy Inc · Minnesota · Utilities

$146M in assets, 957 participants

Xcel Energy Inc's New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees reported $146M in total assets and 957 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 139,126 plans)
  • #511 in Utilities (738 peers)

Utilities sector rank

Within Utilities, New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees ranks #511 of 738 2022 filers by assets (367% of the sector average)-$146M for 957 participants.

$146M
total plan assets (2022 EOY)
957
covered participants
95th
percentile by assets (of 139,126 plans)
$152,766
avg assets per participant

The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State
Minnesota
Industry
Utilities

Rank #511 in Utilities

Among 738 Utilities plans that filed a Form 5500 for plan year 2022, New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees ranks #511 by end-of-year assets - about 367% of the sector average of $537M. Nationally it sits in the 95th percentile, a weaker position within its industry than across all filers.

Utilities filing particulars

Total Assets (Beginning of Year)$168M
Net Assets (End of Year)$146M
Net Income-$19M
Employer EIN410448030
Plan Effective Date1985-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Xcel Energy Inc)

$6.2B$6.4B$6.6B$6.8B 202220232024 $6.26B $6.69B ▲ +6.9%
Total plan assets by year, all Xcel Energy Inc plans on file
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.

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees vs. nearby 401(k) plans in Minnesota, assets vs. participants

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants New Century Energies…Unitedhealth Group 4…Medtronic Savings an…Target Corporation 4…3M Voluntary Investm…U.S. Bank 401(k) Sav…
New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare New Century Energies, Inc Employee Inves… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees by total assets, not by location.

Frequently Asked Questions

How did New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees assets move in 2022? ▼
New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees pulled back noticeably - down 13.2% during 2022, from $168M to $146M. Reported net income was -$19M.
How have Xcel Energy Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Xcel Energy Inc's sponsor-wide assets grew 6.8%, from $6.3B to $6.7B.
Where does New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees rank by assets among Form 5500 filers? ▼
New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees? ▼
Among 401(k) plans in other states, the closest by assets is Cap Tech Ventures, Inc. 401(k) Plan in VA ($146M, 1,135 participants).

Next read for New Century Energies, Inc Employee Inves…

Filing takeaways

Ways to act on New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees's numbers.

  • By total assets, New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
  • Xcel Energy Inc's sponsor-wide assets have grown 6.8% since 2022 across 3 plan years on file. More Utilities plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410448030.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.