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Original filing (PDF)20251015132802NAL0009469458006

XCEL ENERGY INC.

Form 5500
FILING_RECEIVED
XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed20 service providers
Active participants
7,305
Accounts w/ balance
Plan assets (EOY)
$1.2B
Net assets (EOY)
$1.2B
How this plan invests
This plan
1 pooled trust
Schedule D
2,999 securities
funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
  • 35 bps in Schedule C fees — 591% above peer band of 5 bps.
  • No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for XCEL ENERGY INC..
Plan sponsor
Name
XCEL ENERGY INC.
EIN
41-0448030
Address
414 NICOLLET MALL, 401-5 · MINNEAPOLIS, MN · 55401
Phone
(612) 330-5500
Industry
Utilitiessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1A · Pay-related DB formula
1C · Cash balance or similar hybrid DB
3F · Sponsor used leased employees
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
DELOITTE & TOUCHE LLP
Trustee / custodian
Trustee phone

Service providers (Schedule C)

20 rows
Other
20
NameEINLocationRelationDirect compIndirect comp
WILLIS TOWERS WATSON53-0181291NONE$1.4M
GOLDMAN SACHS ASSET MGT LP13-3575636NONE$812K
MFS HERITAGE TRUST COMPANY57-1187281NONE$308K
BLACKROCK FINANCIAL MANAGEMENT13-3806691NONE$294K
STEPSTONE CAPITAL PARTNERS98-1388563NONE$283K
TOWNSEND GREAT LAKES & PLAINS, LLC84-3868047NONE$263K
PRINCIPAL TRUST COMPANY51-0099493NONE$202K
JENNISON ASSOCIATES LLC22-2540245NONE$158K
NISA INVESTMENT ADVISORS LLC48-1140940NONE$155K
JP MORGAN CHASE BANK, N.A.13-4994650NONE$155K
PRUDENTIAL TRUST COMPANY23-6994310NONE$152K
EATON VANCE MANAGEMENT11-3658445NONE$126K
DELOITTE & TOUCHE LLP13-3891517NONE$35K
LGIM AMERICA INC20-8058531NONE$27K
WILSHIRE ADVISORS LLC95-2755361NONE$13K
DELOITTE TAX LLP86-1065772NONE$9K
WELLINGTON TRUST COMPANY, N.A.04-2755549NONE$0
BOSTON PARTNERS TRUST COMPANY32-0291796NONE$0
BLACKROCK INSTITUTIONAL TR CO., N.A94-3112180NONE$0
ALLSPRING FUNDSCHARLOTTE, NCNONE-$50K

Investments

2,544 direct securities · 1 pooled fund· $2.2B(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Master Trust
$1.1B
1 holding
Uncategorized
$1.1B
2542 holdings
PARTNERSHIP/JOINT VENTURE
$5.0M
1 holding
OTHER
$916K
1 holding
PIInvestmentTypeShares / unitsCostCurrent value% of plan
XCEL ENERGY INC. MASTER PENSION TR
XCEL ENERGY INC · EIN 90-1071182 / PN 010
Master Trust
$1.1B90.7%
743991929 RUSSELL 1000 INX FD$122.7M$131.9M10.6%
743998601 PRUDENTIAL LD CORP BOND FUND CORPORATE BOND (JPM) FUND$93.4M$81.9M6.6%
HF0011683 STEPSTONE XL OPPORTUNITIES FUND II-B LP$21.9M$49.1M4.0%
HF0021351 GREAT PLAINS PENSION LP$14.2M$48.5M3.9%
593992738 MFS HERITAGE TRUST COMPANY CIT INTERNATIONAL EQUITY CIT CLASS$21.3M$33.2M2.7%
VP7001218 ALLSPRING GOVERNMENT MONEY MARKET FUND$29.2M$29.2M2.3%
HF0014711 STEPSTONE CAPITAL PARTNERS IV OFFSHORE LP$11.8M$27.7M2.2%
983999319 WELLINGTON TRUST COMPANY- CIF II GS CORE HIGH YIELD$24.3M$23.2M1.9%
898997325 THE INTERNATIONAL ALPHA TILTS FUND$18.4M$22.3M1.8%
638991828 MAGNITUDE INSTITUTIONAL, LTD$14.9M$20.2M1.6%
558998928 MAGNITUDE INST CL A SER Y, LTD$8.2M$17.0M1.4%
558998910 MAGNITUDE INST CL A SER X, LTD$8.1M$16.9M1.4%
570992511 MARATHON EMERGING MARKETS BOND FD II$20.6M$15.8M1.3%
949997225 WELLINGTON TRUST CO JPMPAG EMERGING MARKETS$17.6M$15.6M1.3%
912833X96 US TREASURY BOND/NOTE STRIPPED ZERO DTD 08/15/07 11/15/2035$14.5M$13.1M1.1%
05464N503 AXIOM INVS COLLECTIVE INVT TR EMERGING MKTS TR CL 3$10.8M$12.4M1.0%
756994000 ROBECO GLOBAL EMERGING MARKETS EQUITY II FUND$8.8M$11.8M0.9%
36299TDX5 UXYU4 FUTURE CONTRACT SEPT 24 EXP 9/22/24 0$10.6M0.9%
SHARES / PAR HF0027622 STELLUS CREDIT OFFSHORE ERISA FUND III, LP$7.0M$6.9M0.6%
36299TBA7 UXYM4 FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$6.9M0.6%
MS6894260 CLEAR COLLATERAL CASH$6.6M$6.6M0.5%
HF0034586 STEPSTONE CAPITAL PARTNERS V, L.P.$5.7M$6.5M0.5%
36299THP8 UXYZ4 FUTURE CONTRACT DEC 24 EXP 12/22/24 0$6.5M0.5%
36299TDV9 USU4 FUTURE CONTRACT SEPT 24 EXP 9/22/24 0$6.3M0.5%
36299TDT4 TYU4 FUTURE CONTRACT EXP 9/22/24 0$6.0M0.5%
912810QE1 US TREASURY BOND DTD 02/15/10 4.625 02/15/2040$5.8M$5.7M0.5%
SHARES / PAR BS011480A SP SWAP W/ MSC BS ASSET 8JAN25 UF 0$5.5M0.4%
36299TCV0 FVU4 FUTURE CONTRACT SEPT 24 EXP 9/22/24 0$5.4M0.4%
36299TDZ0 WNU4 FUTURE CONTRACT SEPT 24 EXP 9/22/24 0$5.4M0.4%
912810QC5 US TREASURY BOND DTD 08/17/09 4.500 08/15/2039$5.9M$5.4M0.4%
36299THR4 WNZ4 FUTURE CONTRACT DEC 24 EXP 12/22/24 0$5.0M0.4%
INTERESTS ----------------------------------- HF0024926 CRESCENT PRIVATE CREDIT PARTNERS LEVERED UNITTRANCHE FUND
PARTNERSHIP/JOINT VENTURE
$4.7M$5.0M0.4%
912810QU5 US TREASURY BOND DTD 02/15/12 3.125 02/15/2042$5.9M$4.9M0.4%
36299TBC3 WNM4 FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$4.9M0.4%
36299THN3 USZ4 FUTURE CONTRACT DEC 24 EXP 12/22/24 0$4.4M0.4%
36299TAU4 TYM4 FUTURE CONTRACT EXP 6/22/24 0$4.4M0.4%
36299SZW5 FVM4 FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$4.0M0.3%
36299TAY6 USM4 FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$3.8M0.3%
HF0040971 STEPSTONE SECONDARY OPPORTUNITIES FUND V OFFSHORE LP$3.4M$3.7M0.3%
BS011565A SP SWAP W/MSC T 1.000 11/15/52 GOVT US912803GM94 0$3.7M0.3%
912810QN1 US TREASURY BOND DTD 02/15/11 4.750 02/15/2041$4.1M$3.6M0.3%
36299THL7 TYZ4 FUTURE CONTRACT EXP 12/22/24 0$3.5M0.3%
MS1418024 JP MORGAN POOLED VENTURE CAPITAL INSTITUTIONAL INVESTORS III LLC$8.2M$3.2M0.3%
912803DG5 US TREAS SEC STRIPPED DTD 05/15/09 05/15/2039$3.9M$2.8M0.2%
RATINGS: A3 A-$2.6M0.2%
36299TGN4 FVZ4 FUTURE CONTRACT DEC 24 EXP 12/22/24 0$2.4M0.2%
RATINGS: A3 A-$2.2M0.2%
RATINGS: A2 A$1.9M0.2%
RATINGS: AA2 AA-$1.9M0.2%
RATINGS: A1 A$1.9M0.1%
RATINGS: AAA$1.8M0.1%
RATINGS: A3 A-$1.7M0.1%
TOTAL COMMON-$1.6M$1.7M0.1%
RATINGS: A2 A$1.6M0.1%
RATINGS: A3 A-$1.6M0.1%
SHARES / PAR 46647PAJ5 JPMORGAN CHASE & CO DTD 07/24/17 07/24/2038$1.9M$1.6M0.1%
36299TDR8 TUU4 FUTURE CONTRACT SEPT 24 EXP 9/22/24 0$1.6M0.1%
20030NDU2 COMCAST CORP DTD 05/01/2022 2.937% 11/01/2056$2.0M$1.5M0.1%
716973AG7 PFIZER INVT ENTERPRISES DTD 05/19/2023 5.300% 05/19/2053$1.6M$1.5M0.1%
RATINGS: A1 A-$1.5M0.1%
912810RC4 US TREASURY BOND DTD 08/15/13 3.625 08/15/2043$1.5M$1.5M0.1%
03522AAJ9 ANHEUSER-BUSCH COS LLC / ANHEUSER-BUSCH INBEV$1.5M$1.5M0.1%
RATINGS: AAA AA+$1.5M0.1%
61747YFV2 MORGAN STANLEY DTD 11/20/2024 VAR CPN 11/19/2055$1.5M$1.5M0.1%
912810SE9 US TREASURY BOND DTD 11/15/18 3.375 11/15/2048$2.3M$1.4M0.1%
RATINGS: AA2 AA$1.4M0.1%
00287YCB3 ABBVIE INC DTD 05/21/20 4.250 11/21/2049$1.5M$1.4M0.1%
RATINGS: A3 A-$1.4M0.1%
03523TBV9 ANHEUSER-BUSCH INBEV WOR DTD 01/23/19 5.550 01/23/2049$1.4M$1.3M0.1%
MS1418040 JP MORGAN US POOLED CORPORATE FINANCE INSTITUTIONAL INVESTORS III$10.4M$1.3M0.1%
30231GBM3 EXXON MOBIL CORPORATION DTD 04/15/20 3.452 04/15/2051$1.7M$1.3M0.1%
36299TBB5 UXYM4L FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$1.3M0.1%
20030NDW8 COMCAST CORP DTD 05/01/2022 2.987% 11/01/2063$1.8M$1.2M<0.1%
RATINGS: A2 A-$1.2M<0.1%
92976GAJ0 WACHOVIA BANK NA SER BKNT$1.3M$1.2M<0.1%
RATINGS: A2 A+$1.2M<0.1%
254687FM3 WALT DISNEY COMPANY/THE DTD 09/06/19 2.750 09/01/2049$1.8M$1.2M<0.1%
037833CD0 APPLE INC DTD 08/04/16 3.850 08/04/2046$1.5M$1.2M<0.1%
RATINGS: A1 A-$1.2M<0.1%
594918CE2 MICROSOFT CORP DTD 03/17/21 2.921 03/17/2052$1.7M$1.2M<0.1%
RATINGS: AAA$1.1M<0.1%
RATINGS: AA3 BBB+$1.1M<0.1%
912810TS7 UNITED STATES TREASURY BONDS DTD 05/15/2023 3.875% 05/15/2043$1.2M$1.1M<0.1%
084664DB4 BERKSHIRE HATHAWAY FIN DTD 03/15/2022 3.850% 03/15/2052$1.2M$1.1M<0.1%
RATINGS: A1 A-$1.1M<0.1%
912810RG5 US TREASURY BOND DTD 05/15/14 3.375 05/15/2044$1.2M$1.1M<0.1%
RATINGS: A1 A$1.1M<0.1%
983024AN0 WYETH DTD 03/27/07 5.950 04/01/2037$1.2M$1.0M<0.1%
RATINGS: AA3 AA-$1.0M<0.1%
RATINGS: A3 A-$1.0M<0.1%
RATINGS: A3 A-$1.0M<0.1%
RATINGS: A1 A-$1.0M<0.1%
30303M8W5 META PLATFORMS INC DTD 08/09/2024 5.550% 08/15/2064$1.1M$1.0M<0.1%
36299TAS9 TUM4 FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$1.0M<0.1%
822582AD4 SHELL INTERNATIONAL FIN DTD 12/11/08 6.375 12/15/2038$1.1M$1.0M<0.1%
RATINGS: A2 A$1.0M<0.1%
36299TDY3 UXYU4L FUTURE CONTRACT SEPT 24 EXP 9/22/24 0$1.0M<0.1%
46625HJB7 JPMORGAN CHASE & CO DTD 07/21/11 5.600 07/15/2041$1.1M$998K<0.1%
RATINGS: A1 A$989K<0.1%
RATINGS: AAA AA+$982K<0.1%
20030NEF4 COMCAST CORP DTD 05/09/2023 5.350% 05/15/2053$996K$967K<0.1%
RATINGS: A1 AA$944K<0.1%
RATINGS: AAA$943K<0.1%
92976GAG6 WACHOVIA BK NA DTD 01/29/07 5.850 02/01/2037$1.1M$942K<0.1%
RATINGS: AA2 A+$926K<0.1%
RATINGS: AA3 BBB+$923K<0.1%
912803FA6 US TREAS SEC STRIPPED ZERO CPN DTD 11/15/17 11/15/2047$1.2M$923K<0.1%
SECURITIES ---------------- MS6109016 CASH COLLATERAL NOT ADMINISTERED BY BANK,
OTHER
$916K$916K<0.1%
RATINGS: A2 A$908K<0.1%
RATINGS: AA3 A+$905K<0.1%
RATINGS: AA3 AA-$895K<0.1%
20826FBD7 CONOCOPHILLIPS COMPANY DTD 09/15/2022 4.025% 03/15/2062$1.5M$892K<0.1%
61747YDY8 MORGAN STANLEY DTD 01/27/15 4.300 01/27/2045$1.0M$889K<0.1%
RATINGS: A2 AA-$882K<0.1%
91324PDU3 UNITEDHEALTH GROUP INC DTD 07/25/19 3.700 08/15/2049$1.1M$877K<0.1%
RATINGS: A1 A+$856K<0.1%
36299THQ6 UXYZ4L FUTURE CONTRACT DEC 24 EXP 12/22/24 0$854K<0.1%
RATINGS: AA3 A$822K<0.1%
RATINGS: A1 A+$820K<0.1%
46647PAN6 JPMORGAN CHASE & CO DTD 01/23/18 01/23/2049$960K$816K<0.1%
06051GJE0 BANK OF AMERICA CORP MED TERM NOTE$1.1M$812K<0.1%
06051GJA8 BANK OF AMERICA CORP DTD 03/20/20 03/20/2051$1.0M$810K<0.1%
912810UD8 UNITED STATES TREASURY BONDS DTD 08/15/2024 4.125% 08/15/2044$843K$804K<0.1%
06051GMA4 BANK OF AMERICA DTD 01/23/2024 VAR CPN 01/23/2035$803K$801K<0.1%
RATINGS: A1 A-$800K<0.1%
RATINGS: AA2 AA$797K<0.1%
912810SS8 US TREASURY BOND DTD 11/16/20 1.625 11/15/2050$1.4M$792K<0.1%
377372AE7 GLAXOSMITHKLINE CAPITAL DTD 05/13/08 6.375 05/15/2038$917K$791K<0.1%
RATINGS: A3 BBB+$791K<0.1%
191216DT4 COCA-COLA CO DTD 05/13/2024 5.400% 05/13/2064$837K$789K<0.1%
RATINGS: A1 A-$784K<0.1%
SHARES / PAR NONINTEREST-BEARING CASH ------------------------ CASH$784K$784K<0.1%
437076BF8 HOME DEPOT INC DTD 06/12/14 4.400 03/15/2045$923K$776K<0.1%
92826CAF9 VISA INC DTD 12/14/15 4.300 12/14/2045$1.1M$766K<0.1%
RATINGS: AA2 A+$761K<0.1%
RATINGS: AAA AA+$758K<0.1%
RATINGS: A2 A+$745K<0.1%
SHARES / PAR 907818FG8 UNION PACIFIC CORP DTD 03/20/20 3.839 03/20/2060$1.1M$743K<0.1%
RATINGS: A2 A-$737K<0.1%
RATINGS: A2 A+$735K<0.1%
06051GFC8 BANK OF AMERICA CORP DTD 01/21/14 5.000 01/21/2044$756K$732K<0.1%
RATINGS: A2 A$730K<0.1%
12189LAW1 BURLINGTN NORTH SANTA FE DTD 03/09/15 4.150 04/01/2045$956K$726K<0.1%
91324PFL1 UNITEDHEALTH GROUP INC DTD 07/25/2024 5.625% 07/15/2054$753K$723K<0.1%
RATINGS: A1 A-$722K<0.1%
RATINGS: A1 AA$715K<0.1%
931142EB5 WALMART INC DTD 06/27/18 3.950 06/28/2038$791K$714K<0.1%
RATINGS: AA2 AA$712K<0.1%
055451BE7 BHP BILLITON FIN USA LTD DTD 09/08/2023 5.250% 09/08/2033$697K$707K<0.1%
594918CC6 MICROSOFT CORP DTD 06/01/20 2.525 06/01/2050$747K$705K<0.1%
RATINGS: A1 A-$704K<0.1%
RATINGS: A2 A-$701K<0.1%
36299TAZ3 USM4L FUTURE CONTRACT JUNE 24 EXP 6/22/24 0$700K<0.1%
RATINGS: A2 A$699K<0.1%
RATINGS: A1 A$697K<0.1%
36299THJ2 TUZ4 FUTURE CONTRACT DEC 24 EXP 12/22/24 0$688K<0.1%
RATINGS: A3 BBB$676K<0.1%
RATINGS: A1 A$671K<0.1%
RATINGS: A2 A$661K<0.1%
585055BT2 MEDTRONIC INC DTD 03/15/15 4.375 03/15/2035$784K$661K<0.1%
RATINGS: A3 A-$651K<0.1%
976843BJ0 WISCONSIN PUBLIC SERVICE DTD 11/21/13 4.752 11/01/2044$771K$650K<0.1%
95000U3K7 WELLS FARGO & COMPANY DTD 01/23/2024 VAR CPN 01/23/2035-$632K$650K<0.1%
RATINGS: A3 BBB+$637K<0.1%
RATINGS: A1 A+$633K<0.1%
RATINGS: BAA2 BBB+$631K<0.1%
RATINGS: A1 A+$629K<0.1%
SHARES / PAR 713448DP0 PEPSICO INC DTD 10/06/16 3.450 10/06/2046$836K$628K<0.1%
341081FG7 FLORIDA POWER & LIGHT DTD 05/15/12 4.050 06/01/2042$776K$627K<0.1%
RATINGS: AAA$620K<0.1%
SHARES / PAR 023135CC8 AMAZON.COM INC DTD 05/12/21 3.250 05/12/2061$916K$614K<0.1%
172967MM0 CITIGROUP INC DTD 03/26/20 03/26/2041$686K$613K<0.1%
RATINGS: A3 A-$607K<0.1%
037833EF3 APPLE INC DTD 02/08/21 2.650 02/08/2051$788K$606K<0.1%
RATINGS: A3 A-$604K<0.1%
36299THS2 WNZ4L FUTURE CONTRACT DEC 24 EXP 12/22/24 0$598K<0.1%
26442UAE4 DUKE ENERGY PROGRESS LLC DTD 09/08/17 3.600 09/15/2047$828K$598K<0.1%
RATINGS: AA3 AA-$596K<0.1%
037833DG2 APPLE INC DTD 11/13/17 3.750 11/13/2047$619K$596K<0.1%
718172AM1 PHILIP MORRIS INTL INC DTD 11/15/11 4.375 11/15/2041$625K$596K<0.1%
89153VAV1 TOTAL CAPITAL INTL SA DTD 05/29/20 3.127 05/29/2050$892K$593K<0.1%
023135BJ4 AMAZON.COM INC DTD 02/22/18 4.050 08/22/2047$714K$591K<0.1%
26442CAB0 DUKE ENERGY CAROLINAS DTD 01/10/08 6.000 01/15/2038$625K$587K<0.1%
RATINGS: A3 A-$579K<0.1%
532457CM8 ELI LILLY & CO DTD 02/09/2024 5.000% 02/09/2054$617K$578K<0.1%
RATINGS: AA3 A$570K<0.1%
SHARES / PAR 69351UAR4 PPL ELECTRIC UTILITIES DTD 07/11/13 4.750 07/15/2043$628K$570K<0.1%
RATINGS: A2 BBB+$568K<0.1%
SHARES / PAR 04351LAB6 ASCENSION HEALTH DTD 05/11/16 3.945 11/15/2046$623K$568K<0.1%
RATINGS: AA3 A$565K<0.1%
RATINGS: A2 A-$561K<0.1%
RATINGS: AA2 A+$560K<0.1%
RATINGS: AAA AA+$558K<0.1%
RATINGS: AA3 A$557K<0.1%
172967NF4 CITIGROUP INC DTD 11/03/21 11/03/2042$665K$554K<0.1%
594918CD4 MICROSOFT CORP DTD 06/01/20 2.675 06/01/2060$929K$552K<0.1%
RATINGS: A2 A+$552K<0.1%
RATINGS: A2 A$548K<0.1%
341099CL1 FLORIDA POWER CORP DTD 06/18/08 6.400 06/15/2038$613K$546K<0.1%
Showing top 200 of 2,545 investments by value.