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. 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. Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining employees. Not many companys provide a defined pension plan and a good 401k. Overview Financials Service Providers Investments Insurance Information. 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. 2019; 2018; 2017; 2015; 2014; 2013; 2012; 2011; 2010; 2009; Plan Rating. 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. Print; Form 5500 Year: 2015. 1 - Accession Number 0001104659-05-030368 - Filing - SEC Here For You During COVID-19 NEW! Xcel Energy Inc - ‘11-K’ for 12/31/04 - Annual Report by an Employee Stock Purchase, Savings or Similar Plan - Seq. New York, NY 10017-4036, Chicago Office 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 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. Learn more. Pension — The funded status of the Xcel Energy pension plans was approximately 90% in January 2020. XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES. The company contributed a total of $155 million to the plans in 2019 and $150 million in 2018. Learn how to enable cookies. Employer Verified Available to US-based employees, Former Control Room Operator in Denver, Colorado. 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Plan … About This Summary Plan Description * Please note that MainStreet Capital Management is not affiliated with Xcel Energy. 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. New employees basically get equal to 5% of there earnings in the form of a pension, Very good. 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. Terms & Conditions; Privacy Policy At Xcel Energy, we’re more than an energy company. 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. Main Office Glassdoor will not work properly unless browser cookie support is enabled. Print; Form 5500 Year: 2014. 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. Xcel Energy, Inc. offers several pension and welfare benefits for their workers. Xcel Energy is a great place to work and has many benefits which other Utility Companies do not. Since 1991, we have had the privilege of assisting well over 100 Xcel Energy employees transition into a confident retirement. We’re recognized for our culture of ethics and putting our values into action through our compliance program, leadership, and governance. .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. What might a Biden DOL and SEC mean for retirement plans? 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 offers superior health benefits to its employees, of which some can be used by employee's family members. ERISA 4010 Funded Status Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining employees. Overview. 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. Use this form to receive e-mail notification about a new issue of Xtra, Xcel Energy's employee and retiree publication. If you have questions on your health care benefit options, call the HR Service Center at 800.689.7662. Plan Information. 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: 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 Once you waive medical coverage, you are not eligible Grandfathered Life Insurance, for coverage in the future. Plan Information. 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. Plan Year 01/01/2015 — 12/31/2015; While we’re leading the clean energy transition, we’re also committed to the highest ethical standards in how we do business. Choose your news – we will deliver. 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. Get started now. 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. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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”). 150 N. Michigan Ave. 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. Benefits information above is provided anonymously by current and former Xcel Energy employees, and may include a summary provided by the employer. Xcel Energy Inc.'s results include interest charges, which are incurred at Xcel Energy Inc. and are not directly assigned to individual subsidiaries. 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 reserves the right to amend the benefits described at you should not elect medical any time. 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 $ 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 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. EP Energy Global LLC (“EP Energy” or the “Company”) matches 100 percent of your contributions on the first 6 percent of earnings you contribute. Glassdoor is your resource for information about the Pension Plan benefits at Xcel Energy. * For assistance with Employee Retirement Benefits, please contact the Xcel Energy HR Department directly at 1-800-689-7662.. © 2021 Xcel Energy Inc. All rights reserved. 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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 I have twice contracted to Xcel Energy and would immediately again work for this very dynamic and reward fulfilling organization. 2019; 2018; 2017; 2015; 2014; 2013; 2012; 2011; 2010; 2009; Plan Rating. 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