At Xcel Energy, we’re more than an energy company. Xcel Energy set a new renewable power generation record by powering more than 80% of Colorado’s energy mix in an hour with wind and solar on May 7. The NSP Pension Plan was most recently restated in its entirety as of January 1, 2000, and was renamed as the “Xcel Energy Pension Plan” as of August 10, 2000 and was most recently restated as of January 1, 2002. What Pension Plan benefit do Xcel Energy employees get? These charges were partially offset by a $20-million pension curtailment gain, related to the termination of NRG employees from Xcel Energy's pension plan, recorded in the fourth quarter of 2003. XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES is a Defined Benefit Planproviding retirees with a predetermined monthly retirement benefit upon reaching a … Xcel Energy Pension Plan, reported anonymously by Xcel Energy employees. Here For You During COVID-19 NEW! the Plan totaling 1 percent to 50 percent of your earnings through payroll deductions. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Proposing a new Upper Midwest Energy Plan that aims to continue our clean energy transition by closing our remaining coal units in the Upper Midwest, extending the use of carbon-free nuclear energy, using cleaner natural gas, and increasing wind and solar energy. Print; Form 5500 Year: 2015. Healthcare benefits. XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The discount rate as of that date was 3.49%, down from 4.31% the year before. © 2021 Xcel Energy Inc. All rights reserved. Plan Year 01/01/2015 — 12/31/2015; Glassdoor is your resource for information about the Pension Plan benefits at Xcel Energy. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. Xcel Energy Inc., Minneapolis, contributed a total of $150 million to its pension plans in January, the company disclosed in its 10-K filing with the SEC. The target allocation for the plans as of Dec. 31 was 37% domestic and international equities, 30% long-duration fixed income, 17% alternative investments, 14% short- to intermediate-duration fixed income and 2% cash. New employees basically get equal to 5% of there earnings in the form of a pension, Very good. Use this form to receive e-mail notification about a new issue of Xtra, Xcel Energy's employee and retiree publication. Glassdoor will not work properly unless browser cookie support is enabled. EP Energy Global LLC (“EP Energy” or the “Company”) matches 100 percent of your contributions on the first 6 percent of earnings you contribute. Special charges in 2003 also include a $7-million reserve recorded in connection with the suspension of the formation of the independent transmission company, TRANSLink Transmission Co. Learn more. Xcel Energy Inc. (NASDAQ: XEL) today reported 2019 GAAP and ongoing earnings of $1,372 million, or $2.64 per share, compared with $1,261 million, or $ Replacing coal generation with cleaner energy sources, such as wind and solar power. Xcel Energy set a new renewable power generation record by powering more than 80% of Colorado’s energy mix in an hour with wind and solar on May 7. Overview Financials Service Providers Investments Insurance Information. As of December 18, 1980, Northern States Power Company established the NSP Deferred Compensation Plan. Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Learn about Xcel Energy Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Xcel Energy employees. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. The Xcel Energy Pension Plan, NCE Nonbargaining Plan, SPS Bargaining Plan, and PSCo Bargaining Plan can eliminate variable premium with September 15, 2016 contributions of $114.0 million, $34.4 million, $15.0 million and $117.6 million, respectively. Xcel Energy Pension Plan, reported anonymously by Xcel Energy employees. Learn more about our company’s commitment to using more clean fuels and our vision for a carbon-free future: —30+ days ago Your response will be removed from the review – this cannot be undone. 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One of the purposes of the Xcel Energy Excess Benefit Plan was to provide eligible employees with those benefits that they would have received under the Xcel Energy Pension Plan (formerly, the “Northern States Power Company Pension Plan”), but for the limitations of Code section 415 as permitted by section 3(36) of the Employee Retirement Income Security Act (“ERISA”). Climate modeling experts with the University of Denver confirmed that our goals are consistent with electric sector emission reduction trajectories likely to meet the temperature goals of the Paris climate agreement. Plan Information. Tenth Floor * Please note that MainStreet Capital Management is not affiliated with Xcel Energy. If you have questions on your health care benefit options, call the HR Service Center at 800.689.7662. Choose your news – we will deliver. At Xcel Energy, we believe our retired employees are among the most public-spirited and community-minded retirees in our communities. EP Energy 401(k) Retirement Plan Purpose The purpose of the EP Energy 401(k) Retirement Plan (the “Plan”) is to encourage and assist eligible employees in adopting a regular savings program and to provide additional security for their retirement. Domestic partner coverage is only available if he/she is currently covered. Please contact the Xcel Energy HR Service Center 1-800-689-7662 #3 for further assistance. 2019; 2018; 2017; 2015; 2014; 2013; 2012; 2011; 2010; 2009; Plan Rating. Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Xcel Energy Inc., Minneapolis, contributed a total of $150 million to its four pension plans in January, according to the company's 10-K filing. Xcel Energy Retiree Benefits As an Xcel Energy retiree, you can choose medical coverage 1 in the emerging markets book, U.S. fixed-income returns post another positive year, Institutional Investors: Shared Expectations, Divergent Paths, Seeking an investment consultant? Overview Financials Service Providers Investments Insurance Information. We’re recognized for our culture of ethics and putting our values into action through our compliance program, leadership, and governance. Overview. Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part. Learn how to enable cookies. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. Xcel Energy reserves the right to amend the benefits described at you should not elect medical any time. Main Office Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining employees. Examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans. Xcel Energy, Inc. offers several pension and welfare benefits for their workers. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. * For assistance with Employee Retirement Benefits, please contact the Xcel Energy HR Department directly at 1-800-689-7662.. Learn about Xcel Energy , including insurance benefits, retirement benefits, and vacation policy. XCEL ENERGY 401K SAVINGS PLAN is a Defined Contribution Plan which has an account specified for the individual employee where a defined amount is being contributed to the plan by the individual, the employer or both. Employer Verified Available to US-based employees, Former Control Room Operator in Denver, Colorado. 19-min read GAAP 2020 third quarter diluted EPS was $1.14 compared with $1.01 per share in 2019. Xcel Energy Inc - ‘11-K’ for 12/31/04 - Annual Report by an Employee Stock Purchase, Savings or Similar Plan - Seq. Benchmark S&P 500 Index Growth of a $10,000 investment: January 31, 2011— December 31, 2020 $39,064 Fund as of 12/31/20 $35,850 Benchmark as of 12/31/20 Annual returns F2418 122020 Investment strategy The fund invests in Xcel Energy company stock 2019; 2018; 2017; 2015; 2014; 2013; 2012; 2011; 2010; 2009; Plan Rating. The Institutionalization of Retail Part Two: A Webinar Series from P&I Content Solutions and Chestnut Advisory Group, POLL: Money managers' priority in Asia-Pacific region, POLL: Retirement issues in the presidential election, Graphic: U.S. stocks were 2020's comeback kid, Defined Contribution Spring Virtual Series, Xcel Energy electrifies pension plans with $150 million contribution in January, Xcel Energy makes $150 million pension contribution in January, Global gold-backed ETFs: A popular gateway to the gold market, Climate change and emerging markets after Covid-19, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Customer Service Representative salaries ($30k). The contribution represents the total minimum funding requirements for the year, and no further contributions are expected in 2020, according to the Feb. 21 filing. As of Dec. 31, pension plan assets totaled $3.2 billion, while projected benefit obligations totaled $3.7 billion, for a funding ratio of 86%, up from 78.9% a year earlier. Here For You During COVID-19 NEW! .css-1cjz1oj svg > path{fill:#0caa41;}Employer Verified Available to US-based employees (Change location), They still have one, but the current plan is worth about 1/2 what old time employees get. Overview. xcel energy: compliance filing--2018 property tax true-up report and combined refund plan 07/01/2019: 20196-153624-01 public 15-826 gr: xcel energy: compliance filing--qualified pension plan annual report 06/17/2019: 20196-153608-01 public 15-826 gr: xcel energy Benefits information above is provided anonymously by current and former Xcel Energy employees, and may include a summary provided by the employer. While we’re leading the clean energy transition, we’re also committed to the highest ethical standards in how we do business. ERISA 4010 Funded Status By volunteering, supporting the United Way and other nonprofits, and staying in touch with the company and their peers, our retirees continue to … Learn more about our company’s commitment to using more clean fuels and our vision for a carbon-free future: —29 days ago Plan Termination — While Xcel Energy expects to continue the Plan, it reserves the right at its sole and absolute discretion to amend, modify, change or terminate the Plan or any other benefit plan Xcel Energy may currently provide, at any time, in whole or in part, for whatever reason it deems appropriate, subject to collective bargaining obligations. Xcel Energy Inc. contributed a total of $150 million to its pension plans in January, and no further contributions are expected in 2020. New York, NY 10017-4036, Chicago Office Pension — The funded status of the Xcel Energy pension plans was approximately 90% in January 2020. We’re reinventing how we power communities. Xcel Energy Inc.'s results include interest charges, which are incurred at Xcel Energy Inc. and are not directly assigned to individual subsidiaries. Not many companys provide a defined pension plan and a good 401k. Our carbon report outlines the path to achieving ambitious carbon reductions and includes an in-depth analysis of our vision - an industry first for this type of study. Xcel Energy Retiree Benefits As an Xcel Energy retiree, you can choose medical coverage for yourself and your eligible dependents, or you can waive coverage. Get started now. under active and retiree Xcel Energy plans. Glassdoor is your resource for information about Xcel Energy benefits and perks. Xcel Energy Inc. hereby amends its Registration Statement on Form S -8 (Registration No.€333 -185610) by filing this Post -Effective Amendment No.€1 to such Registration Statement to reflect that the Nuclear Management Company, LLC NMC Savings and Retirement Plan (the “Plan”) was What Pension Plan benefit do Xcel Energy employees get? 1 - Accession Number 0001104659-05-030368 - Filing - SEC Plan Changes - On Dec. 31, 2001, the New Century Energies, Inc. Employees’ Savings and Stock Ownership Plan for Non-Bargaining Unit Employees (NBU Savings Plan) was merged into the Xcel Energy Retirement Savings Plan (the “Plan”). Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy XCEL ENERGY's superior maternity support program, nutritional and psychological counseling, and health plan incentives. Plan … ... Our Total Rewards package includes competitive compensation, health and wellness benefits, retirement programs – pension and 401(k) plan, paid time off and recognition. Minneapolis (Feb. 25, 2020) -Xcel Energy has been named one of the 2020 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Learn more about our company’s commitment to using more clean fuels and our vision for a carbon-free future: It’s a great honor to be named one of the 2020 World’s Most Ethical Companies by Ethisphere Institute. The Xcel Energy Company Stock Fund seeks to provide long-term growth of capital. Last week, the Minnesota Public Utilities Commission (PUC) approved Xcel Energy’s $750 million plan to decommission and rebuild, or “repower” five wind facilities before the end of their useful 20-year lifetime. XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES. I have twice contracted to Xcel Energy and would immediately again work for this very dynamic and reward fulfilling organization. The company was chosen for its culture of ethics, its corporate compliance program, leadership, governance and reputation, among other attributes. Once you waive medical coverage, you are not eligible Grandfathered Life Insurance, for coverage in the future. Learn about Xcel Energy Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Xcel Energy employees. Print; Form 5500 Year: 2014. PENSION PLAN TABLE The following table shows estimated combined pension beneÑts payable to a covered partici- pant from the qualiÑed and non-qualiÑed deÑned beneÑt plans maintained by Xcel Energy and its subsidiaries and the Xcel Energy Supplemental Executive Retirement Plan (the quot;quot;SERP''). Glassdoor is your resource for information about the Pension Plan benefits at Xcel Energy. 685 Third Avenue Plan Information. Xcel Energy Inc., Minneapolis, contributed a total of $150 million to its pension plans in January, the company disclosed in its 10-K filing with the SEC.