401(k) · DOL Form 5500 · 2023

Xcel Energy Inc 401(k) Plan

Data updated 2026-08-25

$159M
Total assets Near avg plan size
985
Participants Near avg headcount
94th
Percentile by assets National rank
$161,671
Avg per participant Above avg balance/head
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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

$159M in assets, 985 participants

Xcel Energy Inc's New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees reported $159M in total assets and 985 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #487 in Utilities (721 peers)

Utilities sector rank

Within Utilities, New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees ranks #487 of 721 2023 filers by assets (337% of the sector average)-$159M for 985 participants.

#487
in Utilities (721 peers)
+8.9%
assets growth YoY
1.6×
vs typical plan assets (national mean)

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees's outsized position by total assets

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$159,245,842 Top 6% higher than 94% of 127,068 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 2023

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees sits mid-pack in the medium band (985 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees reported net income rose from -$19M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees end-of-year assets rose from $146M in the plan year 2022 filing to $159M in the plan year 2023 filing.
  • New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees reported participants rose from 957 in the plan year 2022 filing to 985 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410448030 · Xcel Energy Inc PY 2023 · 401(k)

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees · $159M · 985 · 94th

  • EBSA $159M
  • EBSA 985
  • EBSA 94th
  • EBSA 401(k)
  • EBSA near Empower Ai 401(k) Profit Sharing Plan
  • EBSA ind #487

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 →

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees in the asset neighbourhood

Gibraltar 401(k) Plan$159MBeazer Homes USA, Inc. 401(k) PlanBeazer Homes USA, Inc. 401(k…$159MNew Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeesNew Century Energies, Inc Em…$159MEmpower Ai 401(k) Profit Sharing PlanEmpower Ai 401(k) Profit Sha…$159MSig Sauer, Inc. 401(k) Plan$159M
End-of-year total assets ($M) among New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$146M
Net Assets (End of Year)$159M
Net Income$13M
Employer EIN410448030
Plan Effective Date1985-03-01
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 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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees, Total assets ($B): 0.159245842 · Participants: 985New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeesUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
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 Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees side-by-side with 3 peers →

New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Empower Ai 401(k) Profit Sharing Plan in VA ($159M); by covered participants it is Sapp Bros., Inc. Retirement Plan in NE (985 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($159M here).

Similar participant headcount

Nearest other-state filings by covered participants (985 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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 2023? ▼
New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees grew at a solid clip - up 8.9% during 2023, from $146M to $159M. Reported net income was $13M.
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 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% 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 Empower Ai 401(k) Profit Sharing Plan in VA ($159M, 915 participants).
Which 401(k) plans cover a similar participant headcount 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 covered participants is Sapp Bros., Inc. Retirement Plan in NE (985 participants, $26M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.