BANGOR HYDRO ELECTRIC COMPANY PENSION PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
VERSANT POWER
This Defined Benefit (Pension) plan holds $124M in total assets and serves 80 participants as of 2023. It is sponsored by VERSANT POWER in Maine. The plan reported positive net income of $6M for the year.
What the Filing Says About BANGOR HYDRO ELECTRIC COMPANY PENSION PLAN
BANGOR HYDRO ELECTRIC COMPANY PENSION PLAN is a Defined Benefit (Pension) retirement plan sponsored by VERSANT POWER, headquartered in Maine. As of the 2023 Form 5500 filing, the plan reports $124M in total end-of-year assets and covers 80 participants across the Utilities industry. The sponsor's EIN on file with the U.S. Department of Labor is 010024370, and the plan has been effective since 1995-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $118M at the beginning of 2023 to $124M at year-end — a gain of 5.2%. Net assets (after liabilities) closed the year at $124M, with reported net income of $6M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $118M |
| Total Assets (End of Year) | $124M |
| Net Assets (End of Year) | $124M |
| Net Income | $6M |
| Plan Type | Defined Benefit (Pension) |
| 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.
- UNUM GROUP PENSION PLAN $1.3B · 3,140
- MAINE MEDICAL CENTER PENSION PLAN $764M · 2,679
- LEGACY CHRYSLER FINANCIAL EMPLOYEE PENSION PLAN $546M · 248
- TD BANKNORTH INC. PENSION PLAN $437M · 1,632
- NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP PLAN $279M · 5,979
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Frequently Asked Questions
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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.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.