DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees

Corporate pensionMinneapolis, MN
Assets
$1.2B
Total assets, Dec 31, 2024 reported
Funded
84.9%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
1 managers on Schedule C
Plan sponsor: Xcel Energy Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Insurance company general account 0.0%
  • Master trust investment accounts 90.7%
Consultants and advisers
2 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
19 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
33 readings
Total assets
$1.2B Dec 31, 2024 reported Form 5500
$1.3B (2023-12) · $1.3B (2022-12)
Plan assets
$1.3B Jan 1, 2024 reported Form 5500
$1.3B (2023-01) · $1.8B (2022-01)
Net assets
$1.2B Dec 31, 2024 reported Form 5500
$1.3B (2023-12) · $1.3B (2022-12)
Funded ratio
84.9% Jan 1, 2024 reported Form 5500
85.3% (2023-01) · 102.7% (2022-01)
Funding target
$1.4B Jan 1, 2024 reported Form 5500
$1.4B (2023-01) · $1.4B (2022-01)
Discount rate
5.08% Jan 1, 2024 reported Form 5500
5.18% (2023-01) · 5.33% (2022-01)
Participants
12,207 Jan 1, 2024 reported Form 5500
11,688 (2023-01) · 11,560 (2022-01)
Contributions
$115M Dec 31, 2024 reported Form 5500
$90.0M (2023-12) · $50.0M (2022-12)
Benefits paid
$223M Dec 31, 2024 reported Form 5500
$165M (2023-12) · $233M (2022-12)
Net investment income
$-71.6M Dec 31, 2024 reported Form 5500
$36.7M (2023-12) · $-483M (2022-12)
Investment management fees
$2.9M Dec 31, 2024 reported Form 5500
$3.6M (2023-12) · $3.0M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202412,207$1.3B$1.4B84.9%$1.2Bn/a$1.1Bn/a
2023 to Dec 31, 202311,688$1.3B$1.4B85.3%$1.3Bn/a$1.2Bn/a
2022 to Dec 31, 202211,560$1.8B$1.4B102.7%$1.3Bn/a$1.2Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
9 events
  • Dec 31, 2024Manager relationship started
    Wilshire Advisors LLC appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2024 vs 2023)
    with Wilshireaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Crescent Private Credit Partners no longer appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2024 vs 2023)
    with Crescentaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Nisa Investment Advisors LLC appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2024 vs 2023)
    with Nisa Investment Advisors, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Marathon Asset Management no longer appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2024 vs 2023)
    with Marathon Asset Management, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Wilshire Associates Incorporated no longer appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2023 vs 2022)
    with Wilshireaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Stepstone Capital Partners appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2023 vs 2022)
    with Stepstone Capital Partnersaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Crescent Private Credit Partners appears on Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees's Schedule C as investment manager (plan year 2023 vs 2022)
    with Crescentaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees funded ratio 102.7% -> 85.3% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees plan assets $1.8B -> $1.3B (-27.4%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 410448030-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.