Defined Benefit (Pension) · DOL Form 5500 · 2023

Versant Power Pension Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
36
Participants Small participant base
71st
Percentile by assets National rank
$507,004
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Maine Public Service Company Pension Plan · Sponsored by Versant Power · Maine · Utilities

$18M in assets, 36 participants

Versant Power's Maine Public Service Company Pension Plan reported $18M in total assets and 36 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #241 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Maine Public Service Company Pension Plan ranks #241 of 721 2023 filers by assets (2942% of the sector average)-$18M for 36 participants.

#241
in Utilities (721 peers)
-1.0%
assets change YoY

The plan reported a net loss of $191K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Maine Public Service Company Pension Plan's outsized position by total assets

Maine Public Service Company Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$18,252,140 Top 29% higher than 71% of 127,068 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 2023

Maine Public Service Company Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Maine Public Service Company Pension Plan is a small filing (36 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Maine Public Service Company Pension Plan reported net income rose from -$6M in the plan year 2022 filing to -$191K in the plan year 2023 filing.
  • Maine Public Service Company Pension Plan reported participants fell from 39 in the plan year 2022 filing to 36 in the plan year 2023 filing.
  • Maine Public Service Company Pension Plan end-of-year assets fell from $18M in the plan year 2022 filing to $18M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 010024370 · Versant Power PY 2023 · Defined Benefit (Pension)

Maine Public Service Company Pension Plan · $18M · 36 · 71st

  • 5500 $18M
  • ASSETS 36
  • PCT 71st
  • EIN Defined Benefit (Pension)
  • RANK near Retirement Plan for Bargaining Unit Employees of Galliker Dairy Company
  • PHOTO ind #241

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 →

Maine Public Service Company Pension Plan in the asset neighbourhood

Detrex Corporation Employees' Retirement PlanDetrex Corporation Employees…$18MOld Dutch Foods Inc Country Salesmen Pension PlanOld Dutch Foods Inc Country …$18MMaine Public Service Company Pension PlanMaine Public Service Company…$18MRetirement Plan for Bargaining Unit Employees of Galliker Dairy CompanyRetirement Plan for Bargaini…$18MPillsbury Winthrop Shaw Pittman LLP Cash Balance Plan No. 1Pillsbury Winthrop Shaw Pitt…$18M
End-of-year total assets ($M) among Maine Public Service Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$18M
Net Income-$191K
Employer EIN010024370
Plan Effective Date1952-01-01
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.

Maine Public Service Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Maine Public Service Company Pension Plan, Total assets ($B): 0.01825214 · Participants: 36Maine Public Service Company Pension PlanUnum Group Pension Plan, Total assets ($B): 1.299774166 · Participants: 3140Unum Group Pension PlanMaine Medical Center Pension Plan, Total assets ($B): 0.763853423 · Participants: 2679Maine Medical Center Pension PlanLegacy Chrysler Financial Employee Pension Plan, Total assets ($B): 0.545964991 · Participants: 248Legacy Chrysler Financial Employee Pension PlanTd Banknorth Inc. Pension Plan, Total assets ($B): 0.437094691 · Participants: 1632Td Banknorth Inc. Pension PlanNorthern Light Health Retirement Partnership Plan, Total assets ($B): 0.278599458 · Participants: 5979Northern Light Health Retirement Partnership Plan
Maine Public Service Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare Maine Public Service Company Pension Plan side-by-side with 3 peers →

Maine Public Service 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 Retirement Plan for Bargaining Unit Employees of Galliker Dairy Company in PA ($18M); by covered participants it is The People's Credit Union Defined Benefit Plan and Trust in RI (36 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (36 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Maine Public Service Company Pension Plan assets move in 2023? ▼
Maine Public Service Company Pension Plan edged down modestly - down 1.0% during 2023, from $18M to $18M. Reported net income was -$191K.
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.
Which Defined Benefit (Pension) plans are similar in size to Maine Public Service Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Bargaining Unit Employees of Galliker Dairy Company in PA ($18M, 84 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Maine Public Service Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The People's Credit Union Defined Benefit Plan and Trust in RI (36 participants, $14M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.