Retirement plan

XCEL ENERGY INC. NON-BARGAINING PENSION PLAN (SOUTH)

Name: XCEL ENERGY INC. - XCEL ENERGY INC. NON-BARGAINING PENSION PLAN (SOUTH) (2024) Form 5500
Creator: XCEL ENERGY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, XCEL ENERGY INC. NON-BARGAINING PENSION PLAN (SOUTH), XCEL ENERGY INC.

XCEL ENERGY INC.EIN 41-0448030Plan #007PY 2024

414 NICOLLET MALL, 401-5 - MINNEAPOLIS, MN 55401612-330-5500xcelenergy.comLinkedIn10001+ employeesutilities

Other plans on this EIN

7 filings

#003Retirement-$3.09B assets #001Retirement-$1.24B assets #008Retirement-$860.3M assets #005Retirement-$585.5M assets #009Retirement-$342.7M assets #012Retirement-$201.9M assets #006Retirement-$176.8M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$184.1M

-3.2% from 2017

Total participants

1,627

+4.4% from 2017

Average account balance

No prior year

Annual return

2.98%

-16.59 pp from 2017

Benchmarks

See 55 peers

Peer group

Industry22 - Utilities

Plan typeDefined benefit

Participants250-999

Cohort55 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$184.13M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$113K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

732

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.98%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 18 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC3 years Filed as: WILLIS TOWERS WATSON Service code 11 · EIN 53-0181291	Actuarial	$226,071
GOLDMAN SACHS10+ years Filed as: GOLDMAN SACHS ASSET MGT LP Service code 28 · EIN 13-3575636	Investment Management	$124,666
BLACKROCK6 years Filed as: BLACKROCK FINANCIAL MANAGEMENT, INC Service code 28 · EIN 13-3806691	Investment Management	$45,016
GOLDMAN SACHS2 years Filed as: STEPSTONE CAPITAL PARTNERS Service code 28 · EIN 98-1388563	Investment Management	$41,890
WELLINGTON TRUST COMPANY10+ years Filed as: WELLINGTON TRUST COMPANY, N.A. Service code 52 · EIN 04-2755549	Indirect Investment Fees	$41,058
GREAT LAKES ADVISORS, LLC4 years Filed as: TOWNSEND GREAT LAKES & PLAINS, LLP Service code 50 · EIN 84-3868047	Direct Payment	$40,681
MFS INVESTMENT MANAGEMENT7 years Filed as: MFS HERITAGE TRUST COMPANY Service code 28 · EIN 57-1187281	Investment Management	$38,284
DELOITTE & TOUCHE LLP10+ years Service code 10 · EIN 13-3891517	Accounting	$34,500
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL TRUST COMPANY Service code 21 · EIN 51-0099493	Bank Trustee	$34,362
BLACKROCK3 years Filed as: BLACKROCK INSTITUTIONAL TR CO., N.A Service code 52 · EIN 94-3112180	Indirect Investment Fees	$28,879

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3F3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$1541 / participant

Investment mgmt$437K31.7%
Actuarial$226K16.4%
Other / not subdivided$716K51.9%

% of EOY assets

0.749%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: $34,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

Participation rate

0.0%

0.0%0pp

Annual return

2.98%

3.60%-0.6pp

4.95%-2.0pp

8.76%-5.8pp

Employer contribution / active EE

$11,173

$20,793-46.3%

$20,917-46.6%

$16,664-33.0%

Participant deferral / active EE

$598-100.0%

$188-100.0%

$948-100.0%

Admin fee / account holder

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC3 years

Filed as: WILLIS TOWERS WATSON

Service code 11 · EIN 53-0181291

Actuarial

$226,071

GOLDMAN SACHS10+ years

Filed as: GOLDMAN SACHS ASSET MGT LP

Service code 28 · EIN 13-3575636

Investment Management

$124,666

BLACKROCK6 years

Filed as: BLACKROCK FINANCIAL MANAGEMENT, INC

Service code 28 · EIN 13-3806691

Investment Management

$45,016

GOLDMAN SACHS2 years

Filed as: STEPSTONE CAPITAL PARTNERS

Service code 28 · EIN 98-1388563

Investment Management

$41,890

WELLINGTON TRUST COMPANY10+ years

Filed as: WELLINGTON TRUST COMPANY, N.A.

Service code 52 · EIN 04-2755549

Indirect Investment Fees

$41,058

GREAT LAKES ADVISORS, LLC4 years

Filed as: TOWNSEND GREAT LAKES & PLAINS, LLP

Service code 50 · EIN 84-3868047

Direct Payment

$40,681

MFS INVESTMENT MANAGEMENT7 years

Filed as: MFS HERITAGE TRUST COMPANY

Service code 28 · EIN 57-1187281

Investment Management

$38,284

DELOITTE & TOUCHE LLP10+ years

Service code 10 · EIN 13-3891517

Accounting

$34,500

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL TRUST COMPANY

Service code 21 · EIN 51-0099493

Bank Trustee

$34,362

BLACKROCK3 years

Filed as: BLACKROCK INSTITUTIONAL TR CO., N.A

Service code 52 · EIN 94-3112180

Indirect Investment Fees

$28,879

XCEL ENERGY INC. NON-BARGAINING PENSION PLAN (SOUTH)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

XCEL ENERGY INC. NON-BARGAINING PENSION PLAN (SOUTH)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion