Defined Benefit (Pension) · DOL Form 5500 · 2022
Xcel Energy Inc Pension Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 7,035
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $181,425
- Avg per participant Above avg balance/head
Official DOL plan name: Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees · Sponsored by Xcel Energy Inc · Minnesota · Utilities
$1.3B in assets, 7,035 participants
Xcel Energy Inc's Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees reported $1.3B in total assets and 7,035 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- #674 in Utilities (738 peers)
Coverage in Minnesota
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees covers 7,035 participants in Minnesota, 6.2x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.3B.
- #674
- in Utilities (738 peers)
- -27.4%
- assets change YoY
- 13×
- vs typical plan assets (national mean)
The plan reported a net loss of $483M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's outsized position by total assets
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,276,324,342 Top 1% higher than 99% 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 Pension Plan and Xcel Energy Pension Plan for Bargaining Employees'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 Pension Plan and Xcel Energy Pension Plan for Bargaining Employees lands in the large band (7,035 participants).
Form 5500 schedule snapshot
Filing strip 410448030 · Xcel Energy Inc PY 2022 · Defined Benefit (Pension)
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees · $1.3B · 7,035 · 99th
- ASSETS $1.3B
- PCT 7,035
- EIN 99th
- RANK Defined Benefit (Pension)
- PHOTO near Retirement Plan of Carilion Clinic
- IND ind #674
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 Pension Plan and Xcel Energy Pension Plan for Bargaining Employees in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.8B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$483M |
| Employer EIN | 410448030 |
| Plan Effective Date | 1950-01-01 |
| 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 Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Scale composition for Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees reports $1.3B in end-of-year assets across 7,035 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $181,425 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2022 was -$483M.
This plan identity (EIN 410448030, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.2B (-2.7%) while covered participants moved from 7,035 to 7,386 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,035 | $1.3B | This page |
| 2023 | 7,301 | $1.3B | Open filing |
| 2024 · index core | 7,386 | $1.2B | 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 Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Retirement Plan of Carilion Clinic in VA ($1.3B); by covered participants it is The Coca-Cola Company Pension Plan in GA (7,010 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Retirement Plan of Carilion Clinic (VA) $1.3B · 10,722
- Southern California Pipe Trades Retirement Fund (CA) $1.3B · 6,062
- Dominion Energy Ohio Union Pension Plan (VA) $1.3B · 1,042
- Baxter International Inc. and Subsidiaries Pension Plan (IL) $1.3B · 26
Similar participant headcount
Nearest other-state filings by covered participants (7,035 participants); asset peers above are excluded.
- The Coca-Cola Company Pension Plan (GA) 7,010 · 25 off
- Morgan Stanley Employees Retirement Plan (NY) 6,991 · 44 off
- Rpm International Inc. Retirement Plan (OH) 7,111 · 76 off
- Pension Plan of Local 464a (NJ) 7,116 · 81 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.