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 Inc. Non-Bargaining Pension Plan (south)
Corporate pensionMinneapolis, MN
Assets
$184M
Total assets, Dec 31, 2024 reported
Funded
96.3%
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)
- Master trust investment accounts 94.5%
Consultants and advisers
4 firms
- Jpmorgan Chase Bank, N.A. Discretionary trusteethrough Dec 31, 2022 Form 5500
- Principal Trust Co. Trusteethrough Dec 31, 2022 Form 5500
- Deloitte Tax LLP Custodianthrough Dec 31, 2022 Form 5500
- Willis Towers Watson US LLC Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
17 managers on Schedule C
From Schedule C (investment management, code 28)
- Nisa Investment Advisors, LLCplan years 2024
- Crescentplan years 2023
- Morgan Stanley Smith Barney, LLCplan years 2023
- Stepstone Capital Partnersplan years 2023
- MFS Heritage Trust Companyplan years 2022
- Allspring Fundsplan years 2022
- Prudential Trust Co.plan years 2022
- Legal & General Inv Mgmt Americaplan years 2022
- Pgim Incplan years 2022
- Boston Partners Trust Companyplan years 2022
- Blackrock Institutional Trust Co,naplan years 2022
- Wellington Trust Companyplan years 2022
- Eaton Vanceplan years 2022
- Townsend Great Lakes & Plains, LLPplan years 2022
- Blackrock Financial Management, Incplan years 2022
- Goldman Sachs Asset Managementplan years 2022
- Marathon Asset Management, LPplan years 2022
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
Investment management fees
$540,845 (2023-12) · $490,287 (2022-12)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 1,652 | $195M | $197M | 96.3% | $184M | n/a | $174M | n/a |
| 2023 to Dec 31, 2023 | 1,625 | $194M | $208M | 93.4% | $194M | n/a | $184M | n/a |
| 2022 to Dec 31, 2022 | 1,626 | $272M | $211M | 110.8% | $196M | n/a | $196M | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Willis Towers Watson codes 11 17 50 $226,071 PY2024
- Goldman Sachs Asset Mgt LP codes 28 50 51 56 $124,666 PY2024
- Blackrock Financial Management, Inc codes 28 50 51 $45,016 PY2024
- Stepstone Capital Partners codes 28 50 $41,890 PY2024
- Townsend Great Lakes & Plains, LLP codes 50 52 $40,681 PY2024
- MFS Heritage Trust Company codes 28 50 $38,284 PY2024
- Deloitte & Touche LLP codes 10 50 $34,500 PY2024
- Principal Trust Company codes 21 24 28 50 51 $34,362 PY2024
- Jennison Associates LLC codes 28 50 51 52 $24,273 PY2024
- JP Morgan Chase Bank, N.A. codes 24 27 28 50 51 52 $23,766 PY2024
- Nisa Investment Advisors LLC codes 28 50 $23,725 PY2024
- Prudential Trust Company codes 28 50 51 $23,012 PY2024
- Eaton Vance Management codes 28 50 51 $19,318 PY2024
- Deloitte Tax LLP codes 10 50 $8,999 PY2024
- Blackrock Institutional Tr Co., N.A codes 52 PY2024
- Boston Partners Trust Company codes 52 PY2024
- Wellington Trust Company, N.A. codes 52 PY2024
- Allspring Funds codes 28 50 51 52 $-7,944 PY2024
- Xcel Energy Inc. Master Pension Tr Sched. D M $174M PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Willis Towers Watson codes 11 17 50 $283,315 PY2023
- Townsend Great Lakes & Plains, LLP codes 50 52 $146,101 PY2023
- Goldman Sachs Asset Mgt LP codes 28 50 51 56 $128,925 PY2023
- MFS Heritage Trust Company codes 28 50 $42,088 PY2023
- JP Morgan Chase Bank, N.A. codes 24 27 28 50 51 52 $38,317 PY2023
- Principal Trust Company codes 21 24 28 50 51 $33,457 PY2023
- Blackrock Financial Management, Inc codes 28 50 51 $28,176 PY2023
- Deloitte & Touche LLP codes 10 50 $25,882 PY2023
- Eaton Vance Management codes 28 50 51 $25,633 PY2023
- Jennison Associates LLC codes 28 50 51 52 $25,568 PY2023
- Deloitte Tax LLP codes 18 50 $23,756 PY2023
- Prudential Trust Company codes 28 50 51 $22,351 PY2023
- Stepstone Capital Partners codes 28 50 $21,399 PY2023
- Lgim America Inc codes 28 50 51 $17,121 PY2023
- Crescent Private Credit Partners codes 28 50 $11,851 PY2023
- Marathon Asset Management codes 28 50 51 $8,114 PY2023
- Blackrock Institutional Tr Co., N.A codes 52 PY2023
- Boston Partners Trust Company codes 52 PY2023
- Wellington Trust Company, N.A. codes 52 PY2023
- Allspring Funds codes 28 50 51 52 $-8,476 PY2023
- Xcel Energy Inc. Master Pension Tr Sched. D M $184M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- Willis Towers Watson codes 11 17 50 $273,470 PY2022
- Goldman Sachs Asset Mgt LP codes 28 50 51 $169,494 PY2022
- Marathon Asset Management codes 28 50 51 $61,153 PY2022
- Townsend Great Lakes & Plains, LLP codes 50 52 $53,128 PY2022
- JP Morgan Chase Bank, N.A. codes 24 27 28 50 51 $48,929 PY2022
- MFS Heritage Trust Company codes 28 50 $44,797 PY2022
- Principal Trust Company codes 21 24 28 50 51 $38,458 PY2022
- Deloitte & Touche LLP codes 10 50 $32,375 PY2022
- Deloitte Tax LLP codes 18 50 $30,965 PY2022
- Prudential Trust Company codes 28 50 51 $30,666 PY2022
- Lgim America Inc codes 28 50 51 $27,066 PY2022
- Blackrock Financial Management, Inc codes 28 50 51 $20,352 PY2022
- Jennison Associates LLC codes 28 50 51 52 $19,186 PY2022
- Eaton Vance Management codes 28 50 51 $18,563 PY2022
- Boston Partners Trust Company codes 52 PY2022
- Wellington Trust Company, N.A. codes 52 PY2022
- Blackrock Institutional Tr Co., N.A codes 52 PY2022
- Allspring Funds codes 28 50 51 52 $-4,340 PY2022
- Xcel Energy Inc. Master Pension Tr Sched. D M $196M PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
9 events
- Dec 31, 2024Manager relationship endedinferenceLgim America Inc no longer appears on Xcel Energy Inc. Non-Bargaining Pension Plan (south)'s Schedule C as investment manager (plan year 2024 vs 2023)with Legal & General Inv Mgmt Americaaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceCrescent Private Credit Partners no longer appears on Xcel Energy Inc. Non-Bargaining Pension Plan (south)'s Schedule C as investment manager (plan year 2024 vs 2023)with Crescentaskebsa.dol.gov
- Dec 31, 2024Manager relationship startedNisa Investment Advisors LLC appears on Xcel Energy Inc. Non-Bargaining Pension Plan (south)'s Schedule C as investment manager (plan year 2024 vs 2023)with Nisa Investment Advisors, LLCaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceMarathon Asset Management no longer appears on Xcel Energy Inc. Non-Bargaining Pension Plan (south)'s Schedule C as investment manager (plan year 2024 vs 2023)with Marathon Asset Management, LPaskebsa.dol.gov
- Jan 1, 2024Funded status changedXcel Energy Inc. Non-Bargaining Pension Plan (south) funded ratio 93.4% -> 96.3% (2023-01-01 to 2024-01-01)
- Dec 31, 2023Manager relationship startedCrescent Private Credit Partners appears on Xcel Energy Inc. Non-Bargaining Pension Plan (south)'s Schedule C as investment manager (plan year 2023 vs 2022)with Crescentaskebsa.dol.gov
- Dec 31, 2023Manager relationship startedStepstone Capital Partners appears on Xcel Energy Inc. Non-Bargaining Pension Plan (south)'s Schedule C as investment manager (plan year 2023 vs 2022)with Stepstone Capital Partnersaskebsa.dol.gov
- Jan 1, 2023Funded status changedXcel Energy Inc. Non-Bargaining Pension Plan (south) funded ratio 110.8% -> 93.4% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedXcel Energy Inc. Non-Bargaining Pension Plan (south) plan assets $272M -> $194M (-28.4%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 410448030-007
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.