Defined Benefit (Pension) · DOL Form 5500 · 2024
Xcel Energy Inc. Pension Plan
Data updated 2026-08-25
- $1.2B
- Total assets Very large vs avg
- 7,386
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $168,224
- Avg per participant Above avg balance/head
Official DOL plan name: Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees · Sponsored by Xcel Energy Inc. · Minnesota · Utilities
$1.2B in assets, 7,386 participants
Xcel Energy Inc.'s Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees reported $1.2B in total assets and 7,386 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- #657 in Utilities (732 peers)
Coverage in Minnesota
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees covers 7,386 participants in Minnesota, 6.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.2B.
- #657
- in Utilities (732 peers)
- -5.6%
- assets change YoY
- 12×
- vs typical plan assets (national mean)
The plan reported a net loss of $72M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's outsized position by total assets
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,242,500,945 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees'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. Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees lands in the large band (7,386 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees reported net income fell from $37M in the plan year 2023 filing to -$72M in the plan year 2024 filing.
- Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees end-of-year assets fell from $1.3B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
- Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees reported participants rose from 7,301 in the plan year 2023 filing to 7,386 in the plan year 2024 filing.
DOL schedule card
Filing strip 410448030 · Xcel Energy Inc. PY 2024 · Defined Benefit (Pension)
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees · $1.2B · 7,386 · 99th
- 5500 $1.2B
- ASSETS 7,386
- PCT 99th
- EIN Defined Benefit (Pension)
- RANK near Evergy, Inc. Retirement Plan
- PHOTO ind #657
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 Pension Plan and Xcel Energy Pension Plan for Bargaining Employees in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | -$72M |
| Employer EIN | 410448030 |
| Plan Effective Date | 1950-01-01 |
| Filing Status | FILING 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
| 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.
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
Scale composition for Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees reports $1.2B in end-of-year assets across 7,386 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $168,224 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2024 was -$72M.
This plan identity (EIN 410448030, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.2B (-2.7%) while covered participants moved from 7,035 to 7,386 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,035 | $1.3B | Open filing |
| 2023 | 7,301 | $1.3B | Open filing |
| 2024 · index core | 7,386 | $1.2B | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Xcel Energy 401(k) Savings Plan (401(k), $3.1B, 8,941 participants)
- New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees (Defined Benefit (Pension), $860M, 1,972 participants)
- New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee (401(k), $585M, 1,925 participants)
- New Century Energies, Inc. Retirement Plan for Southwestern Public Service Co. Bargaining Unit Ee and Former Non-Bargaining Unit Employees (Defined Benefit (Pension), $343M, 872 participants)
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Evergy, Inc. Retirement Plan in MO ($1.2B); by covered participants it is Consolidated Pension Plan of Hackensack Meridian Health in NJ (7,420 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.2B here).
- Evergy, Inc. Retirement Plan (MO) $1.2B · 2,754
- Memorial Sloan Kettering Cancer Center Pension Plan (NY) $1.2B · 4,491
- Laborers' District Council Construction Industry Pension Fund (PA) $1.2B · 2,938
- Elevance Health Cash Balance Plan a (IN) $1.2B · 7,552
Similar participant headcount
Nearest other-state filings by covered participants (7,386 participants); asset peers above are excluded.
- Consolidated Pension Plan of Hackensack Meridian Health (NJ) 7,420 · 34 off
- Rpm International Inc. Retirement Plan (OH) 7,420 · 34 off
- Marsh & Mclennan Companies Retirement Plan (NY) 7,319 · 67 off
- Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund (NJ) 7,491 · 105 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.