XCEL ENERGY 401(K) SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2025
Reported admin expense ratio · 2025
0.05%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
Xcel Energy Inc reported $1,735,390 in plan administrative expenses for 2025: 0.05% of average plan assets, above the peer median. Employer contributions averaged $3,828 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio fell from 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other utilities employers. By assets it is the 17th-largest of 1,918 plans among Minnesota employers on file, and the 17th of 412 in utilities. In 2025, employees put in $3.16 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$3,502,920,300
Participants with balances13,607
Active participants9,371
Employer contributions$35,867,976
Employee contributions$113,222,500
Employer contribution per active participant$3,828
Employer contribution per active participant$3,828
Median for plans this size$5,084
2025$3,828 per active participant
2024$3,646 per active participant
2023$3,755 per active participant
2022$3,296 per active participant
Xcel Energy Inc's 2025 employer contribution ran below the $5,084 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
XCEL ENERGY 401(K) SAVINGS PLAN401(k) + ESOP (KSOP)
NEW CENTURY ENERGIES, INC. EMPLOYEES' SAVINGS AND STOCK OWNERSHIP PLAN FOR BARGAINING UNIT EMPLOYEES AND FORMER NON-BARGAINING UNIT EMPLOYEE401(k) + ESOP (KSOP)
NEW CENTURY ENERGIES, INC EMPLOYEE INVESTMENT PLAN FOR BARGAINING UNIT EMPLOYEES AND FORMER NON-BARGAINING UNIT EMPLOYEES401(k) + ESOP (KSOP)
Source: U.S. Department of Labor, Form 5500 series, EIN 410448030 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.