401(k) · DOL Form 5500 · 2023
Xcel Energy Inc 401(k) Plan
Data updated 2026-08-11
- $538M
- Total assets
- 1,933
- Participants
- 98th
- Percentile by assets
- $278,284
- Avg per participant
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.
- 98th percentile by assets (of 127,072 plans)
- #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.
- $538M
- total plan assets (2023 EOY)
- 1,933
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $278,284
- avg assets per participant
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.
New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs the 2023 asset distribution
By assets, New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 5.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $494M |
|---|---|
| Net Assets (End of Year) | $538M |
| Net Income | $44M |
| Employer EIN | 410448030 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Xcel Energy Inc)
| 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
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee by total assets, not by location.
- East West Bank Employees 401(k) Savings Plan (CA) $538M · 2,751
- Gannett Fleming, Inc. Tax Deferred 401(k) Savings Plan (PA) $538M · 2,671
- Sanmina Corporation 401(k) Plan (CA) $538M · 4,522
- Adtalem Global Education Retirement Plan (IL) $538M · 4,231
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? ▼
How have Xcel Energy Inc plan assets changed over time? ▼
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? ▼
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? ▼
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Ways to act on New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee's numbers.
- By total assets, New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee 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