Xcel Energy Inc.
Overview
Xcel Energy Inc. sponsors a self-funded health plan that covered 16,790 participants in plan year 2025, down 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 16,790 · prior year 17,244
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Xcel Energy Inc. Employee Welfare Benefit Plan, plan 550 (16,790 participants)
- Stop-loss carrier
- Energy Insurance Services
- Broker compensation
- $606K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life | 29,221 | $17.4M | $469K |
| Hartford Life and Accident | Long-term disability | 11,548 | $7.6M | $138K |
| Hartford Fire Insurance Company | Business Travel Accident | 11,223 | — | — |
| Energy Insurance Services | Stop-loss | 655 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 16,790 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Xcel Energy Inc.
- Sponsor EIN
- 41-0448030
- Plan number
- 550
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 41-0448030 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Xcel Energy 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 14,129
About this data
Source: Xcel Energy Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Xcel Energy Inc..