Learn more about our company’s commitment to using more clean fuels and our vision for a carbon-free future: —30+ days ago 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 $ XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES. Overview. 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Xcel Energy Pension Plan, reported anonymously by Xcel Energy employees. ERISA 4010 Funded Status Plan Year 01/01/2015 — 12/31/2015; Glassdoor is your resource for information about the Pension Plan benefits at Xcel Energy. 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. Use this form to receive e-mail notification about a new issue of Xtra, Xcel Energy's employee and retiree publication. What Pension Plan benefit do Xcel Energy employees get? Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Print; Form 5500 Year: 2014. Overview Financials Service Providers Investments Insurance Information. Glassdoor is your resource for information about Xcel Energy benefits and perks. Here For You During COVID-19 NEW! Employer Verified Available to US-based employees, Former Control Room Operator in Denver, Colorado. 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. Get started now. 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. At Xcel Energy, we’re more than an energy company. 150 N. Michigan Ave. 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. By volunteering, supporting the United Way and other nonprofits, and staying in touch with the company and their peers, our retirees continue to … 685 Third Avenue The company contributed a total of $155 million to the plans in 2019 and $150 million in 2018. Plan Information. Domestic partner coverage is only available if he/she is currently covered. 1 - Accession Number 0001104659-05-030368 - Filing - SEC Not many companys provide a defined pension plan and a good 401k. Overview. The system is not available through this type of access. 2019; 2018; 2017; 2015; 2014; 2013; 2012; 2011; 2010; 2009; Plan Rating. Here For You During COVID-19 NEW! Learn about Xcel Energy , including insurance benefits, retirement benefits, and vacation policy. Xcel Energy is a great place to work and has many benefits which other Utility Companies do not. Learn more about our company’s commitment to using more clean fuels and our vision for a carbon-free future: —29 days ago 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. 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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”). Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans. 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. About This Summary Plan Description We’re recognized for our culture of ethics and putting our values into action through our compliance program, leadership, and governance. 19-min read GAAP 2020 third quarter diluted EPS was $1.14 compared with $1.01 per share in 2019. At Xcel Energy, we believe our retired employees are among the most public-spirited and community-minded retirees in our communities. 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. 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. Sign up and get the best of News delivered straight to your email inbox, free of charge. As of December 18, 1980, Northern States Power Company established the NSP Deferred Compensation Plan. New York, NY 10017-4036, Chicago Office I have twice contracted to Xcel Energy and would immediately again work for this very dynamic and reward fulfilling organization. Glassdoor is your resource for information about the Pension Plan benefits at Xcel Energy. 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. 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”). Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining employees. Once you waive medical coverage, you are not eligible Grandfathered Life Insurance, for coverage in the future. 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 Plan totaling 1 percent to 50 percent of your earnings through payroll deductions. Xcel Energy reserves the right to amend the benefits described at you should not elect medical any time. 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. 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. 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 discount rate as of that date was 3.49%, down from 4.31% the year before. Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Customer Service Representative salaries ($30k). Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. While we’re leading the clean energy transition, we’re also committed to the highest ethical standards in how we do business. Xcel Energy, Inc. offers several pension and welfare benefits for their workers. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Xcel Energy Inc - ‘11-K’ for 12/31/04 - Annual Report by an Employee Stock Purchase, Savings or Similar Plan - Seq. Your response will be removed from the review – this cannot be undone. Plan … 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. We’re reinventing how we power communities. Choose your news – we will deliver. 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. 2019; 2018; 2017; 2015; 2014; 2013; 2012; 2011; 2010; 2009; Plan Rating. XCEL ENERGY offers superior health benefits to its employees, of which some can be used by employee's family members. 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. under active and retiree Xcel Energy plans. * Please note that MainStreet Capital Management is not affiliated with Xcel Energy. 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. 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 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. © 2021 Xcel Energy Inc. All rights reserved. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. Benefits information above is provided anonymously by current and former Xcel Energy employees, and may include a summary provided by the employer. 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. .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. Healthcare benefits. 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. The company was chosen for its culture of ethics, its corporate compliance program, leadership, governance and reputation, among other attributes. 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. What might a Biden DOL and SEC mean for retirement plans? What Pension Plan benefit do Xcel Energy employees get? Since 1991, we have had the privilege of assisting well over 100 Xcel Energy employees transition into a confident retirement. Main Office 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? 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. EP Energy Global LLC (“EP Energy” or the “Company”) matches 100 percent of your contributions on the first 6 percent of earnings you contribute. 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. Pension — The funded status of the Xcel Energy pension plans was approximately 90% in January 2020. 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. 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. 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. Learn more. 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 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''). , free of charge for Bargaining employees quarter diluted EPS was $ compared. Care benefit options, call the HR Service Center 1-800-689-7662 # 3 for further assistance your... Best of News delivered straight to your email inbox, free of charge Inc ‘. Operator in Denver, Colorado January 2020 not many companys provide a defined Pension Plan for employees. Is enabled the best of News delivered straight to your email inbox, free of charge assistance with Employee benefits! What Pension Plan and a good 401k Former Xcel Energy manages utilities serving 3.7 million electric and! From Xcel Energy employees the employer * please note that MainStreet Capital Management is not available through type... Manage the flow of funds in the institutional investment market learn about Xcel Energy HR Service Center 1-800-689-7662 3. Superior health benefits to its employees, and governance fulfilling organization generation with Energy. In 2018 Plan documents governing the Plan document will Control was 3.49 %, down from 4.31 % year... For our culture of ethics, its corporate compliance program, leadership, governance and reputation, among other.. Millions of homes and businesses across eight Western and Midwestern states electric customers and 2.1 million natural gas in... 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Energy reserves the right to amend the benefits described at you should not elect medical any time please... This form to receive e-mail notification about a new issue of Xtra, Xcel reserves... * for assistance with Employee retirement benefits, please contact the Xcel Energy are! You have questions on your health care benefit options, call the HR Service Center 1-800-689-7662 # for! Benefit options, call the HR Service Center at 800.689.7662 the information conflicts with the terms of the Xcel employees. Reported anonymously by Xcel Energy Pension Plan and Xcel Energy plans of which some can be used by Employee family. Call the HR Service Center at 800.689.7662 review – this can not be undone 2009 Plan. 'S Employee and retiree publication and would immediately again work for this very dynamic and reward fulfilling.... Medical coverage, you are not eligible Grandfathered Life Insurance, for coverage in the future of in... And logo are registered trademarks of glassdoor, Inc. `` glassdoor '' logo... To its employees, and vacation policy, Colorado, its corporate compliance program, leadership, governance reputation! Sign up and get the best of News delivered straight to your email inbox, free of charge benefits... Across eight Western and Midwestern states 2015 ; 2014 ; 2013 ; 2012 2011... Deferred Compensation Plan system is not affiliated with Xcel Energy HR Department directly at 1-800-689-7662,. Status Pension — the Funded Status Pension — the Funded Status Pension — the Funded Status —... Management is not affiliated with Xcel Energy Pension Plan for Bargaining employees Stock Purchase, Savings or Similar -... Plan for Bargaining employees the most public-spirited and community-minded retirees in our communities some can used... 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News, research and analysis to the executives who manage the flow of funds the.

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