401(k) · DOL Form 5500 · 2024

Xcel Energy Inc. 401(k) Plan

Data updated 2026-08-25

$177M
Total assets Near avg plan size
993
Participants Near avg headcount
94th
Percentile by assets National rank
$178,089
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

$177M in assets, 993 participants

Xcel Energy Inc.'s New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees reported $177M in total assets and 993 participants in its 2024 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.

  • #499 in Utilities (732 peers)

Utilities sector rank

Within Utilities, New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees ranks #499 of 732 2024 filers by assets (304% of the sector average)-$177M for 993 participants.

#499
in Utilities (732 peers)
+11.1%
assets growth YoY
1.8×
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 2024 · DOL Form 5500

$176,842,527 Top 6% higher than 94% 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. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees among mid-size filed plans by headcount

Plan-year 2024 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 (993 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees reported net income rose from $13M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees end-of-year assets rose from $159M in the plan year 2023 filing to $177M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

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

New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees · $177M · 993 · 94th

  • NET $177M
  • BOOK 993
  • VS-ST 94th
  • BOY 401(k)
  • SCH near Central Florida Investments, Inc. 401(k) Savings and Retirement Plan
  • EBSA ind #499

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

Pbfs Retirement Plan$177MCentral Florida Investments, Inc. 401(k) Savings and Retirement PlanCentral Florida Investments,…$177MConsolidated Precision Products Corp Retirement and Savings PlanConsolidated Precision Produ…$177MNew Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeesNew Century Energies, Inc. E…$177MProskauer Rose LLP Savings Plan for AssociatesProskauer Rose LLP Savings P…$177M
End-of-year total assets ($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 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$159M
Net Assets (End of Year)$177M
Net Income$18M
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 -20020406080 Total assets ($B) Participants New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees, Total assets ($B): 0.176842527 · Participants: 993New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeesWells 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. 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 Central Florida Investments, Inc. 401(k) Savings and Retirement Plan in FL ($177M); by covered participants it is Penske Motor Group, LLC 401(k) Savings Plan in CA (993 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (993 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. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees assets move in 2024? ▼
New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees grew at a solid clip - up 11.1% during 2024, from $159M to $177M. Reported net income was $18M.
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 123,622 plans that reported assets for plan year 2024 (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 Central Florida Investments, Inc. 401(k) Savings and Retirement Plan in FL ($177M, 6,018 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 Penske Motor Group, LLC 401(k) Savings Plan in CA (993 participants, $164M 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.