2023 Form 5500 filing — Xcel Energy Inc. Employee Welfare Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015040423NAL0028768529001) for Xcel Energy Inc. Employee Welfare Benefit Plan, reported by Xcel Energy Inc. under EIN 41-0448030 and plan number 550. It reports 17,305 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015040423NAL0028768529001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Xcel Energy Inc.
- EIN
- 41-0448030
- Plan number
- 550
- Location
- Minneapolis, MN
- Participants
- 17,305
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $409,622,436
- Total liabilities (EOY)
- $28,410,053
- Net assets (EOY)
- $381,212,383
- Employer contributions
- $211,343,287
- Participant contributions
- $38,475,277
- Total income / additions
- $280,135,358
- Benefits paid
- $274,067,634
- Administrative expenses
- $9,058,511
- Total expenses
- $283,126,145
- Net increase / (decrease)
- -$2,990,787
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cigna | NONE | $4,441,662 | not reported in the loaded dataset |
| Willis Towers Watson | ACTUARY | $1,108,555 | not reported in the loaded dataset |
| Medco Health Solutions | NONE | $997,045 | not reported in the loaded dataset |
| The Hartford | NONE | $594,149 | not reported in the loaded dataset |
| Delta Dental Of Minnesota | NONE | $462,203 | not reported in the loaded dataset |
| Vision Service Plan | NONE | $188,891 | not reported in the loaded dataset |
| T. Rowe Price Associates, Inc. | NONE | $173,983 | $0 |
| Sun Life Capital Mgmt (U.S.) LLC | NONE | $165,283 | not reported in the loaded dataset |
| Goldman Sachs | INVESTMENT ADVISORY | $150,000 | not reported in the loaded dataset |
| Principal Trust Company | NONE | $149,981 | not reported in the loaded dataset |
| Payflex-Extend | NONE | $82,516 | not reported in the loaded dataset |
| Eaton Vance | NONE | $75,605 | not reported in the loaded dataset |
| Deloitte & Touche Llp | NONE | $57,000 | not reported in the loaded dataset |
| Optumhealth Financial Services | NONE | $53,088 | not reported in the loaded dataset |
| Blackrock Institutional Tr Co, N.A. | NONE | $35,854 | $0 |
| State Street Global Advisors Tr Co | NONE | $2,696 | $0 |