Defined Benefit (Pension) · DOL Form 5500 · 2022
Versant Power Pension Plan
Data updated 2026-08-11
- $118M
- Total assets
- 91
- Participants
- 94th
- Percentile by assets
- $1.3M
- Avg per participant
Official DOL plan name: Bangor Hydro Electric Company Pension Plan · Sponsored by Versant Power · Maine · Utilities
$118M in assets, 91 participants
Versant Power's Bangor Hydro Electric Company Pension Plan reported $118M in total assets and 91 participants in its 2022 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 94th percentile by assets (of 139,126 plans)
- #494 in Utilities (738 peers)
Utilities sector rank
Within Utilities, Bangor Hydro Electric Company Pension Plan ranks #494 of 738 2022 filers by assets (456% of the sector average)-$118M for 91 participants.
- $118M
- total plan assets (2022 EOY)
- 91
- covered participants
- 94th
- percentile by assets (of 139,126 plans)
- $1.3M
- avg assets per participant
The plan reported a net loss of $35M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Rank #494 in Utilities
Among 738 Utilities plans that filed a Form 5500 for plan year 2022, Bangor Hydro Electric Company Pension Plan ranks #494 by end-of-year assets - about 456% of the sector average of $537M. Nationally it sits in the 94th percentile, a weaker position within its industry than across all filers.
Utilities filing particulars
| Total Assets (Beginning of Year) | $153M |
|---|---|
| Net Assets (End of Year) | $118M |
| Net Income | -$35M |
| Employer EIN | 010024370 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Versant Power)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 597 | $213M |
| 2023 | 3 | 613 | $231M |
| 2024 | 3 | 632 | $236M |
Nearby Defined Benefit (Pension) Plans in Maine
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Bangor Hydro Electric Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
- Unum Group Pension Plan $1.3B · 3,545
- Maine Medical Center Pension Plan $697M · 2,933
- Legacy Chrysler Financial Employee Pension Plan $544M · 265
- Td Banknorth Inc. Pension Plan $427M · 1,730
- Northern Light Health Retirement Partnership Plan $263M · 6,070
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Bangor Hydro Electric Company Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Bangor Hydro Electric Company Pension Plan assets move in 2022? ▼
How have Versant Power plan assets changed over time? ▼
Where does Bangor Hydro Electric Company Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Bangor Hydro Electric Company Pension Plan? ▼
Next read for Bangor Hydro Electric Company Pension Pl…
Filing takeaways
Ways to act on Bangor Hydro Electric Company Pension Plan's numbers.
- By total assets, Bangor Hydro Electric Company Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maine. Compare plans
- Versant Power's sponsor-wide assets have grown 11.1% since 2022 across 3 plan years on file. More Utilities plans