Xcel Energy 401(k) and pension plans

Xcel Energy Inc., Minneapolis, MN. EIN 41-0448030. Annual reports 2009–2025. Also filed as Xcel Energy Inc; Xcel Enery Inc.

Xcel Energy Inc. has 8 active retirement plans on file. The largest is the Xcel Energy 401(k) Savings Plan, with 14,084 participants and $3.5 billion in assets in 2025. Vanguard has been its recordkeeper since 2009.

Active plans
8
Participants
40,176
Plan assets
$7.2 billion
401(k) recordkeeper
Vanguard
Plans on file
9
Industry
Utilities

All 9 plans

Active plans first

Xcel Energy 401(k) Savings Plan

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number
003Employer EIN 41-0448030
Participants (2025)
14,084
Net assets (2025)
$3.5 billion
Recordkeeper
Vanguard2009–2025
Plan administrator
Xcel Energy Inc.
Human Resources Benefits Admin, 414 Nicollet Mall
Minneapolis, MN 55401
(800) 689-7662As filed for 2025
In effect since
January 1, 1981
Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
202514,084$3.5 billionVanguard
202414,129$3.1 billionVanguard
202314,043$2.9 billionVanguard
202213,740$2.7 billionVanguard
202112,950$3.3 billionVanguard
202012,685$3.0 billionVanguard
201912,559$2.7 billionVanguard
201812,281$2.3 billionVanguard
201712,092$2.5 billionVanguard
201612,059$2.1 billionVanguard
201511,977$2.0 billionVanguard
201411,857$2.0 billionVanguard
201311,565$1.8 billionVanguard
201211,464$1.6 billionVanguard
201111,419$1.5 billionVanguard
201011,428$1.4 billionVanguard
200911,839$1.2 billionVanguard

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number
005Employer EIN 41-0448030
Participants (2025)
2,343
Net assets (2025)
$677 million
Recordkeeper
Vanguard2011–2025
Plan administrator
Xcel Energy Inc.
Human Resources Benefits Admin, 414 Nicollet Mall
Minneapolis, MN 55401
(800) 689-7662As filed for 2025
In effect since
January 1, 1989

Earlier plan names: New Century Energies Inc Employees Savings and Stock Ownership Plan for Bargaining Unit and Former Non-Bargaining Unit Employees; New Century Energies, Inc. Employees Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees.

Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
20252,343$677 millionVanguard
20242,401$585 millionVanguard
20232,465$538 millionVanguard
20222,459$494 millionVanguard
20212,495$590 millionVanguard
20202,628$542 millionVanguard
20192,645$513 millionVanguard
20182,685$442 millionVanguard
20172,401$479 millionVanguard
20162,491$445 millionVanguard
20152,493$432 millionVanguard
20142,506$446 millionVanguard
20132,500$404 millionVanguard
20122,478$369 millionnot listed
20112,559$355 millionVanguard
20102,523$346 millionnot listed
20092,585$317 millionnot listed

New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number
006Employer EIN 41-0448030
Participants (2025)
1,174
Net assets (2025)
$208 million
Recordkeeper
Vanguard2009–2025
Plan administrator
Xcel Energy Inc.
Human Resources Benefits Admin, 414 Nicollet Mall
Minneapolis, MN 55401
(800) 689-7662As filed for 2025
In effect since
March 1, 1985

Earlier plan names: New Century Energies, Inc Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees.

Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
20251,174$208 millionVanguard
20241,190$177 millionVanguard
20231,206$159 millionVanguard
20221,196$146 millionVanguard
20211,163$168 millionVanguard
20201,218$156 millionVanguard
20191,216$141 millionVanguard
20181,218$119 millionVanguard
20171,252$123 millionVanguard
20161,275$107 millionVanguard
20151,282$96.0 millionVanguard
20141,288$96.5 millionVanguard
20131,262$80.5 millionVanguard
20121,270$71.4 millionVanguard
20111,253$68.5 millionVanguard
20101,255$62.6 millionVanguard
20091,265$55.5 millionVanguard

Nuclear Management Company, LLC NMC Savings and Retirement Plan

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number
012Employer EIN 41-0448030
Participants (2025)
511
Net assets (2025)
$223 million
Recordkeeper
VanguardEarlier: Wells Fargo (2009–2012)
Plan administrator
Xcel Energy Inc.
Human Resources Benefits Admin, 414 Nicollet Mall
Minneapolis, MN 55401
(800) 689-7662As filed for 2025
In effect since
January 1, 2001

Earlier plan names: NMC Savings and Retirement Plan.

Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
2025511$223 millionVanguard
2024542$202 millionVanguard
2023548$185 millionVanguard
2022560$176 millionVanguard
2021566$212 millionVanguard
2020589$194 millionVanguard
2019607$180 millionVanguard
2018641$155 millionVanguard
2017672$166 millionVanguard
2016697$145 millionVanguard
2015726$135 millionVanguard
2014753$143 millionVanguard
2013752$135 millionVanguard
20121,452$125 millionWells Fargo
2011859$119 millionWells Fargo
20101,452$126 millionWells Fargo
2009917$121 millionWells Fargo

Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
001Employer EIN 41-0448030
Participants (2024)
11,750
Net assets (2024)
$1.2 billion
Plan administrator
Xcel Energy Inc.
414 Nicollet Mall, 401-5
Minneapolis, MN 55401
(612) 330-5500As filed for 2024
In effect since
January 1, 1950
Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
202411,750$1.2 billionnot listed
202312,207$1.3 billionnot listed
202211,688$1.3 billionnot listed
202111,560$1.8 billionnot listed
202011,773$1.8 billionnot listed
201911,564$1.7 billionnot listed
201811,515$1.5 billionnot listed
201711,756$1.7 billionnot listed
201512,286$1.5 billionnot listed
201412,230$1.6 billionnot listed
201312,108$1.6 billionnot listed
201212,310$1.6 billionnot listed
201112,217$1.5 billionnot listed
201012,405$1.4 billionnot listed
200912,580$1.3 billionnot listed

New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
008Employer EIN 41-0448030
Participants (2024)
6,472
Net assets (2024)
$860 million
Plan administrator
Xcel Energy Inc.
414 Nicollet Mall, 401-5
Minneapolis, MN 55401
(612) 330-5500As filed for 2024
In effect since
July 1, 1952

Earlier sponsor: Xcel Enery Inc (2009–2011).

Earlier plan names: New Century Energies Inc Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Barganing Unit Ees; New Century Energies Inc Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees.

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20246,472$860 millionnot listed
20236,509$918 millionnot listed
20226,502$908 millionnot listed
20216,521$1.2 billionnot listed
20206,524$1.2 billionnot listed
20196,582$1.0 billionnot listed
20186,529$865 millionnot listed
20176,598$934 millionnot listed
20166,619$866 millionnot listed
20157,123$892 millionnot listed
20147,167$950 millionnot listed
20137,092$924 millionnot listed
20127,112$933 millionnot listed
20117,044$861 millionnot listed
20107,071$772 millionnot listed
20097,142$691 millionnot listed

New Century Energies, Inc. Retirement Plan for Southwestern Public Service Co. Bargaining Unit Ee and Former Non-Bargaining Unit Employees

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
009Employer EIN 41-0448030
Participants (2024)
2,215
Net assets (2024)
$342 million
Plan administrator
Xcel Energy Inc.
414 Nicollet Mall, 401-5
Minneapolis, MN 55401
(612) 330-5500As filed for 2024
In effect since
July 1, 1943

Earlier plan names: New Century Energies Inc Retirement Plan for Southwestern Public Service Co Barganing Unit Ees and Former Non-Bargaining Unit Employees; New Century Energies Inc Retirement Plan for Southwestern Public Service Co Bargaining Unit Ees and Former Non-Bargaining Unit Employees.

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20242,215$342 millionnot listed
20232,196$361 millionnot listed
20222,179$353 millionnot listed
20212,199$470 millionnot listed
20202,224$457 millionnot listed
20192,208$399 millionnot listed
20182,214$342 millionnot listed
20172,231$364 millionnot listed
20162,211$333 millionnot listed
20152,429$323 millionnot listed
20142,431$330 millionnot listed
20132,423$317 millionnot listed
20122,393$324 millionnot listed
20112,379$293 millionnot listed
20102,389$275 millionnot listed
20092,410$263 millionnot listed

Xcel Energy Inc. Non-Bargaining Pension Plan (South)

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
007Employer EIN 41-0448030
Participants (2024)
1,627
Net assets (2024)
$184 million
Plan administrator
Xcel Energy Inc.
414 Nicollet Mall, 401-5
Minneapolis, MN 55401
(612) 330-5500As filed for 2024
In effect since
July 1, 1998

Earlier plan names: Xcel Energy Inc Non-Bargaining Pension Plan (South).

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20241,627$184 millionnot listed
20231,652$194 millionnot listed
20221,625$196 millionnot listed
20211,626$273 millionnot listed
20201,630$279 millionnot listed
20191,617$246 millionnot listed
20181,633$220 millionnot listed
20171,668$256 millionnot listed
20151,742$247 millionnot listed
20141,735$271 millionnot listed
20131,754$275 millionnot listed
20121,639$254 millionnot listed
20111,644$238 millionnot listed
20101,613$226 millionnot listed
20091,575$202 millionnot listed

Nuclear Management Company, LLC Daec Union Pension Plan

Pension (defined benefit)Merged

Merged. In 2010 its assets moved to the FPL Group Employee Pension Plan, sponsored by Nextera Energy, Inc. (EIN 59-2449419, plan 001). Accounts moved with them, so that plan is the one to contact.

Plan number
004Employer EIN 39-1955735
Plan administrator
Xcel Energy Inc.
C/O Employee Retirement Department, 414 Nicollet Mall
Minneapolis, MN 55401
(800) 689-7662As filed for 2010
In effect since
January 1, 2004

If you had money in one of these plans

  1. Call Vanguard (investor.vanguard.com), which runs the Xcel Energy 401(k) Savings Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
  2. Or call the plan administrator listed on the plan below ((800) 689-7662). That number was filed for 2025; ask for the benefits or retirement plan office.
  3. If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
  4. Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

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