Form 5500 · Employee benefit plan · MINNEAPOLIS, MN
XCEL ENERGY INC.
XCEL ENERGY INC. of MINNEAPOLIS, MN is a 17,244-participant utilities employer — a large group whose insured benefits are disclosed on Schedule A of its Form 5500. Its broker of record is WILLIS TOWERS WATSON US LLC. Coverage is written through METROPOLITAN LIFE INSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 41-0448030 · plan 550 · as of Aug 2026
Plan brief
Schedule A lists 4 insured contracts covering life, disability and stop-loss; the largest, with METROPOLITAN LIFE INSURANCE COMPANY, covers 29,129 people.
The only insured piece of the health benefit is stop-loss coverage — the plan itself is self-funded, so premium and commission here reflect the stop-loss contract, not medical premium.
Reported premium across the insured contracts is $24,826,355, with $252,500 in disclosed broker commissions — about 1% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
WILLIS TOWERS WATSON US LLC is the broker of record on 1 of the 4 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Life | 29,129 | December | $17,493,572 | $162,500 |
| HARTFORD LIFE AND ACCIDENT | Disability | 13,330 | December | $7,332,783 | $90,000 |
| HARTFORD FIRE INSURANCE COMPANY | — | 11,223 | December | — | $0 |
| ENERGY INSURANCE SERVICES | Stop-loss | 858 | December | — | $0 |
More employer plans in Minnesota — largest plans, brokers, carriers and renewal months.