401(k) · DOL Form 5500 · 2023

Versant Power 401(k) Plan

Data updated 2026-08-25

$89M
Total assets Below avg plan size
497
Participants Below avg headcount
90th
Percentile by assets National rank
$179,692
Avg per participant Above avg balance/head
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Official DOL plan name: Versant Power 401(k) Plan · Sponsored by Versant Power · Maine · Utilities

$89M in assets, 497 participants

Versant Power's Versant Power 401(k) Plan reported $89M in total assets and 497 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #441 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Versant Power 401(k) Plan ranks #441 of 721 2023 filers by assets (601% of the sector average)-$89M for 497 participants.

#441
in Utilities (721 peers)
+17.0%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Versant Power 401(k) Plan's outsized position by total assets

Versant Power 401(k) Plan vs every filed plan by assets

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

$89,306,757 Top 10% higher than 90% 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

Versant Power 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Versant Power 401(k) Plan sits mid-pack in the medium band (497 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Versant Power 401(k) Plan reported net income rose from -$23M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Versant Power 401(k) Plan end-of-year assets rose from $76M in the plan year 2022 filing to $89M in the plan year 2023 filing.
  • Versant Power 401(k) Plan reported participants rose from 467 in the plan year 2022 filing to 497 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 010024370 · Versant Power PY 2023 · 401(k)

Versant Power 401(k) Plan · $89M · 497 · 90th

  • BOY $89M
  • SCH 497
  • EBSA 90th
  • PART 401(k)
  • TYPE near Alibaba.Com U.S. LLC 401(k) Plan
  • NET ind #441

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 →

Versant Power 401(k) Plan in the asset neighbourhood

J-U-B Engineers, Inc. 401(k) Profit Sharing PlanJ-U-B Engineers, Inc. 401(k)…$89MSociety Hill Anesthesia Consultants, P.C. 401(k) PlanSociety Hill Anesthesia Cons…$89MUponor North America Retirement Savings and Investment PlanUponor North America Retirem…$89MVersant Power 401(k) Plan$89MAlibaba.Com U.S. LLC 401(k) PlanAlibaba.Com U.S. LLC 401(k) …$89M
End-of-year total assets ($M) among Versant Power 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$76M
Net Assets (End of Year)$89M
Net Income$13M
Employer EIN010024370
Plan Effective Date1988-01-01
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 401(k) Plans in Maine

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Versant Power 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Versant Power 401(k) Plan, Total assets ($B): 0.089306757 · Participants: 497Versant Power 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 4.942173822 · Participants: 30094Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.163858906 · Participants: 9604Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.048053529 · Participants: 6594Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 0.986043827 · Participants: 29370Hannaford Bros. Co. 401(k) PlanL.L. Bean 401(k) Retirement Savings Plan, Total assets ($B): 0.721305706 · Participants: 7173L.L. Bean 401(k) Retirement Savings Plan
Versant Power 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Versant Power 401(k) Plan side-by-side with 3 peers →

Versant Power 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Alibaba.Com U.S. LLC 401(k) Plan in CA ($89M); by covered participants it is First York Ban Corp and Subsidiaries Profit Sharing Plan in NE (497 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (497 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 Versant Power 401(k) Plan assets move in 2023? ▼
Versant Power 401(k) Plan grew sharply - up 17.0% during 2023, from $76M to $89M. Reported net income was $13M.
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 Versant Power 401(k) Plan rank by assets among Form 5500 filers? ▼
Versant Power 401(k) Plan ranks in the 90th 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 401(k) plans are similar in size to Versant Power 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Alibaba.Com U.S. LLC 401(k) Plan in CA ($89M, 332 participants).
Which 401(k) plans cover a similar participant headcount to Versant Power 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First York Ban Corp and Subsidiaries Profit Sharing Plan in NE (497 participants, $49M 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.