Defined Benefit (Pension) · DOL Form 5500 · 2023

Xcel Energy Inc. Pension Plan

Data updated 2026-08-25

$194M
Total assets Near avg plan size
933
Participants Near avg headcount
95th
Percentile by assets National rank
$208,243
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Xcel Energy Inc. Non-Bargaining Pension Plan (South) · Sponsored by Xcel Energy Inc. · Minnesota · Utilities

$194M in assets, 933 participants

Xcel Energy Inc.'s Xcel Energy Inc. Non-Bargaining Pension Plan (South) reported $194M in total assets and 933 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #512 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Xcel Energy Inc. Non-Bargaining Pension Plan (South) ranks #512 of 721 2023 filers by assets (276% of the sector average)-$194M for 933 participants.

#512
in Utilities (721 peers)
-0.9%
assets change YoY
1.9×
vs typical plan assets (national mean)

The plan reported a net loss of $244K 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 2023 · DOL Form 5500

$194,290,438 Top 5% higher than 95% 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

Xcel Energy Inc. Non-Bargaining Pension Plan (South) 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. Xcel Energy Inc. Non-Bargaining Pension Plan (South) sits mid-pack in the medium band (933 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Xcel Energy Inc. Non-Bargaining Pension Plan (South) reported net income rose from -$76M in the plan year 2022 filing to -$244K in the plan year 2023 filing.
  • Xcel Energy Inc. Non-Bargaining Pension Plan (South) reported participants fell from 951 in the plan year 2022 filing to 933 in the plan year 2023 filing.
  • Xcel Energy Inc. Non-Bargaining Pension Plan (South) end-of-year assets fell from $196M in the plan year 2022 filing to $194M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410448030 · Xcel Energy Inc. PY 2023 · Defined Benefit (Pension)

Xcel Energy Inc. Non-Bargaining Pension Plan (South) · $194M · 933 · 95th

  • PCT $194M
  • PCT 933
  • PCT 95th
  • PCT Defined Benefit (Pension)
  • PCT near Sheet Metal Workers Local No. 20, Indianapolis Area, Pension Fund
  • PCT ind #512

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

Bac - Salaried Employees Pension PlanBac - Salaried Employees Pen…$194MXcel Energy Inc. Non-Bargaining Pension Plan (South)Xcel Energy Inc. Non-Bargain…$194MSheet Metal Workers Local No. 20, Indianapolis Area, Pension FundSheet Metal Workers Local No…$194MOperating Engineers Pension Trust Fund of Washington D.C. and VicinityOperating Engineers Pension …$194MWci Steel/Pyro/Baron Retirement PlanWci Steel/Pyro/Baron Retirem…$194M
End-of-year total assets ($M) among Xcel Energy Inc. Non-Bargaining Pension Plan (South) and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$196M
Net Assets (End of Year)$194M
Net Income-$244K
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): 0.194290438 · Participants: 933Xcel Energy Inc. Non-Bargaining Pension Plan (South)3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank 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 Sheet Metal Workers Local No. 20, Indianapolis Area, Pension Fund in IN ($194M); by covered participants it is Employees' Retirement Plan of Newyork-Presbyterian Westchester Hospital in NY (934 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (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 Xcel Energy Inc. Non-Bargaining Pension Plan (South) assets move in 2023? ▼
Xcel Energy Inc. Non-Bargaining Pension Plan (South) held essentially flat - down 0.9% during 2023, from $196M to $194M. Reported net income was -$244K.
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 95th 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 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 Sheet Metal Workers Local No. 20, Indianapolis Area, Pension Fund in IN ($194M, 832 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 Employees' Retirement Plan of Newyork-Presbyterian Westchester Hospital in NY (934 participants, N/A 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.