Defined Benefit (Pension) · DOL Form 5500 · 2023

Versant Power Pension Plan

Data updated 2026-08-25

$124M
Total assets Near avg plan size
80
Participants Small participant base
93rd
Percentile by assets National rank
$1.5M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bangor Hydro Electric Company Pension Plan · Sponsored by Versant Power · Maine · Utilities

$124M in assets, 80 participants

Versant Power's Bangor Hydro Electric Company Pension Plan reported $124M in total assets and 80 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #473 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Bangor Hydro Electric Company Pension Plan ranks #473 of 721 2023 filers by assets (433% of the sector average)-$124M for 80 participants.

#473
in Utilities (721 peers)
+5.2%
assets growth YoY
1.2×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$123,883,784 Top 7% higher than 93% 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

Bangor Hydro Electric 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. Bangor Hydro Electric Company Pension Plan is a small filing (80 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bangor Hydro Electric Company Pension Plan reported net income rose from -$35M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Bangor Hydro Electric Company Pension Plan reported participants fell from 91 in the plan year 2022 filing to 80 in the plan year 2023 filing.
  • Bangor Hydro Electric Company Pension Plan end-of-year assets rose from $118M in the plan year 2022 filing to $124M 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)

Bangor Hydro Electric Company Pension Plan · $124M · 80 · 93rd

  • BOY $124M
  • SCH 80
  • EBSA 93rd
  • PART Defined Benefit (Pension)
  • TYPE near Mary Washington Healthcare Defined Benefit Retirement Plan
  • NET ind #473

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

Kao America Inc. Pension Plan$124MMary Washington Healthcare Defined Benefit Retirement PlanMary Washington Healthcare D…$124MBangor Hydro Electric Company Pension PlanBangor Hydro Electric Compan…$124MExelon Corporation Pension Plan for Bargaining Unit EmployeesExelon Corporation Pension P…$124MRudin Management Co.Inc. Employees' Pension TrustRudin Management Co.Inc. Emp…$124M
End-of-year total assets ($M) among Bangor Hydro Electric Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$118M
Net Assets (End of Year)$124M
Net Income$6M
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): 0.123883784 · Participants: 80Bangor Hydro Electric 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
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 Mary Washington Healthcare Defined Benefit Retirement Plan in VA ($124M); by covered participants it is Pension Plan for Certain Hourly Employees of Paulo Products Company and Affiliates in MO (80 participants). Same-state nearby plans are listed separately above.

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 Bangor Hydro Electric Company Pension Plan assets move in 2023? ▼
Bangor Hydro Electric Company Pension Plan grew at a solid clip - up 5.2% during 2023, from $118M to $124M. Reported net income was $6M.
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 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Mary Washington Healthcare Defined Benefit Retirement Plan in VA ($124M, 428 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 Pension Plan for Certain Hourly Employees of Paulo Products Company and Affiliates in MO (80 participants, $7M 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.