Defined Benefit (Pension) · DOL Form 5500 · 2022

Xcel Energy Inc. Pension Plan

Data updated 2026-08-25

$196M
Total assets Near avg plan size
951
Participants Near avg headcount
96th
Percentile by assets National rank
$206,152
Avg per participant Above avg balance/head
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Official DOL plan name: Xcel Energy Inc. Non-Bargaining Pension Plan (South) · Sponsored by Xcel Energy Inc. · Minnesota · Utilities

$196M in assets, 951 participants

Xcel Energy Inc.'s Xcel Energy Inc. Non-Bargaining Pension Plan (South) reported $196M in total assets and 951 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #545 in Utilities (738 peers)

Utilities sector rank

Within Utilities, Xcel Energy Inc. Non-Bargaining Pension Plan (South) ranks #545 of 738 2022 filers by assets (274% of the sector average)-$196M for 951 participants.

#545
in Utilities (738 peers)
-28.2%
assets change YoY
2.0×
vs typical plan assets (national mean)

The plan reported a net loss of $76M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Xcel Energy Inc. Non-Bargaining Pension Plan (South)'s outsized position by total assets

Xcel Energy Inc. Non-Bargaining Pension Plan (South) vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$196,050,908 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Xcel Energy Inc. Non-Bargaining Pension Plan (South) among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Xcel Energy Inc. Non-Bargaining Pension Plan (South) sits mid-pack in the medium band (951 participants).

EBSA filing schedule strip

Filing strip 410448030 · Xcel Energy Inc. PY 2022 · Defined Benefit (Pension)

Xcel Energy Inc. Non-Bargaining Pension Plan (South) · $196M · 951 · 96th

  • ASSETS $196M
  • ASSETS 951
  • ASSETS 96th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Firmenich Pension Plan
  • ASSETS ind #545

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 Inc. Non-Bargaining Pension Plan (South) in the asset neighbourhood

Hyundai Motor America Pension PlanHyundai Motor America Pensio…$197MFirmenich Pension Plan$196MThe Retirement Plan for Employees of Bush Brothers & CompanyThe Retirement Plan for Empl…$196MXcel Energy Inc. Non-Bargaining Pension Plan (South)Xcel Energy Inc. Non-Bargain…$196MPension Plan for Non-Bargaining Unit Employees of Kyocera International, Inc. & Participating CompaniesPension Plan for Non-Bargain…$196M
End-of-year total assets ($M) among Xcel Energy Inc. Non-Bargaining Pension Plan (South) and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Utilities filing particulars

Total Assets (Beginning of Year)$273M
Net Assets (End of Year)$196M
Net Income-$76M
Employer EIN410448030
Plan Effective Date1998-07-01
Filing StatusFILING 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
$6.2B$6.4B$6.6B$6.8B 202220232024 $6.26B $6.69B ▲ +6.9%
Year Plans Participants Total Assets
2022 8 22,725 $6.3B
2023 8 23,520 $6.6B
2024 8 23,238 $6.7B

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Xcel Energy Inc. Non-Bargaining Pension Plan (South) vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Xcel Energy Inc. Non-Bargaining Pension Plan (South), Total assets ($B): 0.196050908 · Participants: 951Xcel Energy Inc. Non-Bargaining Pension Plan (South)3M Employee Retirement Income Plan, Total assets ($B): 14.047885796 · Participants: 121603M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 10.299849315 · Participants: 66434Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 3.940696075 · Participants: 25144The Travelers Pension PlanU.S. Bank Pension Plan, Total assets ($B): 3.73901396 · Participants: 55836U.S. Bank Pension PlanTarget Corporation Pension Plan, Total assets ($B): 3.348662968 · Participants: 50515Target Corporation Pension Plan
Xcel Energy Inc. Non-Bargaining Pension Plan (South) vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Xcel Energy Inc. Non-Bargaining Pension Plan (South) side-by-side with 3 peers →

Xcel Energy Inc. Non-Bargaining Pension Plan (South)'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Firmenich Pension Plan in NJ ($196M); by covered participants it is Nyu Langone Hospital-Brooklyn Uft Retirement Plan in NY (951 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (951 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Xcel Energy Inc. Non-Bargaining Pension Plan (South) assets move in 2022? ▼
Xcel Energy Inc. Non-Bargaining Pension Plan (South) declined sharply - down 28.2% during 2022, from $273M to $196M. Reported net income was -$76M.
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 Xcel Energy Inc. Non-Bargaining Pension Plan (South) rank by assets among Form 5500 filers? ▼
Xcel Energy Inc. Non-Bargaining Pension Plan (South) ranks in the 96th 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 Defined Benefit (Pension) plans are similar in size to Xcel Energy Inc. Non-Bargaining Pension Plan (South)? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Firmenich Pension Plan in NJ ($196M, 383 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Xcel Energy Inc. Non-Bargaining Pension Plan (South)? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Nyu Langone Hospital-Brooklyn Uft Retirement Plan in NY (951 participants, $174M in assets).

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.