401(k) · DOL Form 5500 · 2024

Xcel Energy Inc. 401(k) Plan

Data updated 2026-08-25

$585M
Total assets Above avg plan size
1,925
Participants Near avg headcount
97th
Percentile by assets National rank
$304,153
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

$585M in assets, 1,925 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 $585M in total assets and 1,925 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #602 in Utilities (732 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, $585M for 1,925 participants (~$304,153/participant), up 8.8% in 2024.

#602
in Utilities (732 peers)
+8.8%
assets growth YoY
5.9×
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 2024 · DOL Form 5500

$585,494,895 Top 3% higher than 97% of 123,620 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 2024

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 2024 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 (1,925 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 $538M in the plan year 2023 filing to $585M in the plan year 2024 filing.
  • 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 $44M in the plan year 2023 filing to $48M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 410448030 · Xcel Energy Inc. PY 2024 · 401(k)

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee · $585M · 1,925 · 97th

  • NET $585M
  • BOOK 1,925
  • VS-ST 97th
  • BOY 401(k)
  • SCH near Vitesco Technologies USA, LLC 401(k) Plan
  • EBSA ind #602

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

The University of Phoenix, Inc. Savings and Investment PlanThe University of Phoenix, I…$586MVitesco Technologies USA, LLC 401(k) PlanVitesco Technologies USA, LL…$586MNew Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeeNew Century Energies, Inc. E…$585MEnergizer 401(k) Plan$585MCeva 401(k) Plan$585M
End-of-year total assets ($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 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$538M
Net Assets (End of Year)$585M
Net Income$48M
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 -20020406080 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): 0.585494895 · Participants: 1925New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeeWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Vitesco Technologies USA, LLC 401(k) Plan in MI ($586M); by covered participants it is Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan in UT (1,926 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($585M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,925 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
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 8.8% during 2024, from $538M to $585M. Reported net income was $48M.
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 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Vitesco Technologies USA, LLC 401(k) Plan in MI ($586M, 2,216 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 Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan in UT (1,926 participants, $687M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.