Form 5500 · Retirement plan · MINNEAPOLIS, MN

XCEL ENERGY INC.

The filing calls this plan XCEL ENERGY PENSION PLAN AND XCEL ENERGY PENSION PLAN FOR BARGAINING EMPLOYEES.

XCEL ENERGY INC. of MINNEAPOLIS, MN's retirement plan holds 1 insurance-company contract (annuities or guaranteed-interest accounts), disclosed on Schedule A of its Form 5500. These are investment and funding contracts, not group health or welfare coverage. No medical, dental or life benefit is reported on this filing.

Agent of record (Schedule A)

Not disclosed

Insurance company

AXA EQUITABLE LIFE INSURANCE COMPANY

Contract year ends

Decemberas filed for plan year 2024

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 41-0448030 · plan 001 · plan year 2024, filed Oct 15, 2025

Participants at the start of the year

12,207

Contracts on file

Contract value

$37,152

Plan year end

December

Plan brief

Schedule A lists 1 insurance contract held by the plan — an annuity, a guaranteed-interest account or a similar funding vehicle, with AXA EQUITABLE LIFE INSURANCE COMPANY.

The contracts held $37,152 at the end of the plan year, as reported on Schedule A.

The filing discloses no agent commission on these contracts.

A Schedule A is filed for a retirement plan when plan assets sit in an insurance company contract. It reports the contract's balances and any agent commission. It does not report a health, dental or life premium, and it does not give a group renewal date.

The contract year ended in December.

Schedule A insurance contracts

Carrier	Contract type	Covered	Year ends	Contract value	Commission
AXA EQUITABLE LIFE INSURANCE COMPANY	Annuity / GIC	1	December	$37,152	$0

Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.

See the filing at the Department of Labor

Administrator and service providers

Plan administrator on the filing

XCEL ENERGY INC.

EIN 41-0448030

WILLIS TOWERS WATSON

Named on Schedule C · EIN 53-0181291

$1,352,377

paid directly by the plan

TOWNSEND GREAT LAKES & PLAINS, LLC

Named on Schedule C · EIN 84-3868047

$263,211

paid directly by the plan

GOLDMAN SACHS ASSET MGT LP

Named on Schedule C · EIN 13-3575636

$811,570

paid directly by the plan

MFS HERITAGE TRUST COMPANY

Named on Schedule C · EIN 57-1187281

$307,536

paid directly by the plan

JP MORGAN CHASE BANK, N.A.

Investment advisory · EIN 13-4994650

$155,300

paid directly by the plan

PRINCIPAL TRUST COMPANY

Named on Schedule C · EIN 51-0099493

$202,092

paid directly by the plan

BLACKROCK FINANCIAL MANAGEMENT

Named on Schedule C · EIN 13-3806691

$293,562

paid directly by the plan

PRUDENTIAL TRUST COMPANY

Named on Schedule C · EIN 23-6994310

$152,094

paid directly by the plan

JENNISON ASSOCIATES LLC

Named on Schedule C · EIN 22-2540245

$158,054

paid directly by the plan

STEPSTONE CAPITAL PARTNERS

Named on Schedule C · EIN 98-1388563

$282,921

paid directly by the plan

EATON VANCE MANAGEMENT

Named on Schedule C · EIN 11-3658445

$126,398

paid directly by the plan

LGIM AMERICA INC

Named on Schedule C · EIN 20-8058531

$26,704

paid directly by the plan

DELOITTE TAX LLP

Accounting and audit · EIN 86-1065772

$8,999

paid directly by the plan

DELOITTE & TOUCHE LLP

Accounting and audit · EIN 13-3891517

$34,500

paid directly by the plan

WELLINGTON TRUST COMPANY, N.A.

Named on Schedule C · EIN 04-2755549

paid directly by the plan

BOSTON PARTNERS TRUST COMPANY

Named on Schedule C · EIN 32-0291796

paid directly by the plan

BLACKROCK INSTITUTIONAL TR CO., N.A

Named on Schedule C · EIN 94-3112180

paid directly by the plan

NISA INVESTMENT ADVISORS LLC

Named on Schedule C · EIN 48-1140940

$155,309

paid directly by the plan

WILSHIRE ADVISORS LLC

Named on Schedule C · EIN 95-2755361

$13,268

paid directly by the plan

The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.

What the plan holds

Plan assets at year end

$1,242,500,945

Paid out in benefits

$223,012,044

Participants at the start of the year

12,207

Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H

Who runs the plan

Independent accountantEIN 13-3891517

DELOITTE & TOUCHE LLP

Accountant's opinion (Schedule H, line 3a)

Unmodified

Audit fee

$34,500

From Schedule H of this filing.

Other plans filed by this employer

More employer plans in Minnesota — largest plans, brokers, carriers and renewal months.