Defined Benefit (Pension) · DOL Form 5500 · 2022

Versant Power Pension Plan

Data updated 2026-08-25

$118M
Total assets Near avg plan size
91
Participants Small participant base
94th
Percentile by assets National rank
$1.3M
Avg per participant High balance/head
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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.

  • #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.

#494
in Utilities (738 peers)
-23.1%
assets change YoY
1.2×
vs typical plan assets (national mean)

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.

Bangor Hydro Electric Company Pension Plan's outsized position by total assets

Bangor Hydro Electric Company Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$117,741,113 Top 6% higher than 94% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Bangor Hydro Electric Company Pension Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bangor Hydro Electric Company Pension Plan is a small filing (91 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 010024370 · Versant Power PY 2022 · Defined Benefit (Pension)

Bangor Hydro Electric Company Pension Plan · $118M · 91 · 94th

  • IND $118M
  • IND 91
  • IND 94th
  • IND Defined Benefit (Pension)
  • IND near Defined Benefit Pension Plan for the Employees of Excela Health
  • IND ind #494

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Maine →

Bangor Hydro Electric Company Pension Plan in the asset neighbourhood

Defined Benefit Pension Plan for the Employees of Excela HealthDefined Benefit Pension Plan…$118MHecla Mining Company Restated Retirement PlanHecla Mining Company Restate…$118MBangor Hydro Electric Company Pension PlanBangor Hydro Electric Compan…$118MThe Restated Noncontributory Retirement Plan for CooperativesThe Restated Noncontributory…$118MNewspaper and Mail Deliverers' Publishers' Pension FundNewspaper and Mail Deliverer…$118M
End-of-year total assets ($M) among Bangor Hydro Electric Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Utilities filing particulars

Total Assets (Beginning of Year)$153M
Net Assets (End of Year)$118M
Net Income-$35M
Employer EIN010024370
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Versant Power)

Sponsor-wide plan assets over time

All Versant Power plans reported in each filing year

Latest sponsor-wide plan assets
$236M 11.142038265087427% vs 2022
2024 filing year
$210M$220M$230M$240M 202220232024 $213M $236M ▲ +11.1%
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 Scatter plot of 6 data points. -200002000400060008000 00.511.5 Total assets ($B) Participants Bangor Hydro Electric Company Pension Plan, Total assets ($B): 0.117741113 · Participants: 91Bangor Hydro Electric Company Pension PlanUnum Group Pension Plan, Total assets ($B): 1.331379027 · Participants: 3545Unum Group Pension PlanMaine Medical Center Pension Plan, Total assets ($B): 0.697294392 · Participants: 2933Maine Medical Center Pension PlanLegacy Chrysler Financial Employee Pension Plan, Total assets ($B): 0.54388522 · Participants: 265Legacy Chrysler Financial Employee Pension PlanTd Banknorth Inc. Pension Plan, Total assets ($B): 0.426889884 · Participants: 1730Td Banknorth Inc. Pension PlanNorthern Light Health Retirement Partnership Plan, Total assets ($B): 0.262602197 · Participants: 6070Northern Light Health Retirement Partnership Plan
Bangor Hydro Electric Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare Bangor Hydro Electric Company Pension Plan side-by-side with 3 peers →

Bangor Hydro Electric Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maine, the nearest Defined Benefit (Pension) by assets is Defined Benefit Pension Plan for the Employees of Excela Health in PA ($118M); by covered participants it is The Moore Company 4 Percent Plan in RI (91 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (91 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bangor Hydro Electric Company Pension Plan assets move in 2022? ▼
Bangor Hydro Electric Company Pension Plan declined sharply - down 23.1% during 2022, from $153M to $118M. Reported net income was -$35M.
How have Versant Power plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Versant Power's sponsor-wide assets grew 11.1%, from $213M to $236M.
Where does Bangor Hydro Electric Company Pension Plan rank by assets among Form 5500 filers? ▼
Bangor Hydro Electric Company Pension Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Bangor Hydro Electric Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Defined Benefit Pension Plan for the Employees of Excela Health in PA ($118M, 578 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Bangor Hydro Electric Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Moore Company 4 Percent Plan in RI (91 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 010024370.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.