401(k) · DOL Form 5500 · 2023

Xcel Energy Inc 401(k) Plan

Data updated 2026-08-25

$538M
Total assets Above avg plan size
1,933
Participants Near avg headcount
98th
Percentile by assets National rank
$278,284
Avg per participant High balance/head
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Official DOL plan name: New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee · Sponsored by Xcel Energy Inc · Minnesota · Utilities

$538M in assets, 1,933 participants

Xcel Energy Inc's New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee reported $538M in total assets and 1,933 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #598 in Utilities (721 peers)

Where New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee sits by assets

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee sits in the top 5% of all filed plans by assets, $538M for 1,933 participants (~$278,284/participant), up 8.9% in 2023.

#598
in Utilities (721 peers)
+8.9%
assets growth YoY
5.4×
vs typical plan assets (national mean)

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

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs every filed plan by assets

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

$537,922,861 Top 2% higher than 98% 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. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee lands in the large band (1,933 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee reported net income rose from -$96M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee end-of-year assets rose from $494M in the plan year 2022 filing to $538M in the plan year 2023 filing.
  • New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee reported participants fell from 1,985 in the plan year 2022 filing to 1,933 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

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

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee · $538M · 1,933 · 98th

  • 5500 $538M
  • 5500 1,933
  • 5500 98th
  • 5500 401(k)
  • 5500 near East West Bank Employees 401(k) Savings Plan
  • 5500 ind #598

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. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee in the asset neighbourhood

Adtalem Global Education Retirement PlanAdtalem Global Education Ret…$538MSanmina Corporation 401(k) PlanSanmina Corporation 401(k) P…$538MEast West Bank Employees 401(k) Savings PlanEast West Bank Employees 401…$538MNew Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeeNew Century Energies, Inc. E…$538MGannett Fleming, Inc. Tax Deferred 401(k) Savings PlanGannett Fleming, Inc. Tax De…$538M
End-of-year total assets ($M) among New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$494M
Net Assets (End of Year)$538M
Net Income$44M
Employer EIN410448030
Plan Effective Date1989-01-01
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. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee, Total assets ($B): 0.537922861 · Participants: 1933New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeeUnitedhealth 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. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is East West Bank Employees 401(k) Savings Plan in CA ($538M); by covered participants it is Staffmark Group, LLC 401(k) Plan in OH (1,933 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($538M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,933 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. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee assets move in 2023? ▼
New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee grew at a solid clip - up 8.9% during 2023, from $494M to $538M. Reported net income was $44M.
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. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee rank by assets among Form 5500 filers? ▼
New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee? ▼
Among 401(k) plans in other states, the closest by assets is East West Bank Employees 401(k) Savings Plan in CA ($538M, 2,751 participants).
Which 401(k) plans cover a similar participant headcount to New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee? ▼
Among 401(k) plans in other states, the closest by covered participants is Staffmark Group, LLC 401(k) Plan in OH (1,933 participants, $130M 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.