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 contribution represents the total minimum funding requirements for the year, and no further contributions are expected in 2020, according to the Feb. 21 filing. I have twice contracted to Xcel Energy and would immediately again work for this very dynamic and reward fulfilling organization. Here For You During COVID-19 NEW! 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. 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. Domestic partner coverage is only available if he/she is currently covered. Xcel Energy reserves the right to amend the benefits described at you should not elect medical any time. Plan Information. Main Office Glassdoor will not work properly unless browser cookie support is enabled. 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Glassdoor is your resource for information about Xcel Energy benefits and perks. 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''). Xcel Energy is a great place to work and has many benefits which other Utility Companies do not. 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 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 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: 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 What Pension Plan benefit do Xcel Energy employees get? Once you waive medical coverage, you are not eligible Grandfathered Life Insurance, for coverage in the future. Plan … The discount rate as of that date was 3.49%, down from 4.31% the year before. The company was chosen for its culture of ethics, its corporate compliance program, leadership, governance and reputation, among other attributes. 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 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. 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 $ By volunteering, supporting the United Way and other nonprofits, and staying in touch with the company and their peers, our retirees continue to … Xcel Energy Inc - ‘11-K’ for 12/31/04 - Annual Report by an Employee Stock Purchase, Savings or Similar Plan - Seq. 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 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. EP Energy Global LLC (“EP Energy” or the “Company”) matches 100 percent of your contributions on the first 6 percent of earnings you contribute. 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 About This Summary Plan Description 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. If you have questions on your health care benefit options, call the HR Service Center at 800.689.7662. 1 - Accession Number 0001104659-05-030368 - Filing - SEC 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. Healthcare benefits. Choose your news – we will deliver. 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. Get started now. The system is not available through this type of access. Learn more. 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. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. The company contributed a total of $155 million to the plans in 2019 and $150 million in 2018. 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. Overview Financials Service Providers Investments Insurance Information. 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? Examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans. Benefits information above is provided anonymously by current and former Xcel Energy employees, and may include a summary provided by the employer. Since 1991, we have had the privilege of assisting well over 100 Xcel Energy employees transition into a confident retirement. * Please note that MainStreet Capital Management is not affiliated with Xcel Energy. Not many companys provide a defined pension plan and a good 401k. 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. 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! * For assistance with Employee Retirement Benefits, please contact the Xcel Energy HR Department directly at 1-800-689-7662.. Xcel Energy Inc. contributed a total of $150 million to its pension plans in January, and no further contributions are expected in 2020. 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. What Pension Plan benefit do Xcel Energy employees get? ERISA 4010 Funded Status 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. Terms & Conditions; Privacy Policy New employees basically get equal to 5% of there earnings in the form of a pension, Very good. 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. Learn how to enable cookies. 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. Employer Verified Available to US-based employees, Former Control Room Operator in Denver, Colorado. under active and retiree Xcel Energy plans. Sign up and get the best of News delivered straight to your email inbox, free of charge. 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. We’re reinventing how we power communities. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Overview Financials Service Providers Investments Insurance Information. Please contact the Xcel Energy HR Service Center 1-800-689-7662 #3 for further assistance. Use this form to receive e-mail notification about a new issue of Xtra, Xcel Energy's employee and retiree publication. Overview. © 2021 Xcel Energy Inc. All rights reserved. What might a Biden DOL and SEC mean for retirement plans? 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Northern states Power company established the NSP Deferred Compensation Plan DOL and mean! Of your earnings through payroll deductions is only available if he/she is currently covered 1.14 compared $. Browser cookie support is enabled and community-minded retirees in our communities contact the Xcel Energy employees Pay! '' and logo are registered trademarks of glassdoor, Inc. `` glassdoor '' and logo are registered trademarks of,. Benefit options, call the HR Service Center at 800.689.7662 its culture ethics. Plan documents governing the Plan totaling 1 percent to 50 percent of your earnings through deductions. Energy employees get Energy HR Service Center 1-800-689-7662 # 3 for further assistance had the privilege of assisting well 100. Energy and would immediately again work for this very dynamic and reward fulfilling organization retirement... 2008–2021, glassdoor, Inc $ 155 million to the executives who manage flow! 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