Defined Benefit (Pension) · DOL Form 5500 · 2024
Versant Power Pension Plan
Data updated 2026-07-24
- $120M
- Total assets
- 73
- Participants
- 92nd
- Percentile by assets
- $1.6M
- Avg per participant
Official DOL plan name: Bangor Hydro Electric Company Pension Plan · Sponsored by Versant Power · Maine · Utilities
$120M in assets, 73 participants
Versant Power's Bangor Hydro Electric Company Pension Plan reported $120M in total assets and 73 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 116,472 plans)
Utilities sector rank
Within Utilities, Bangor Hydro Electric Company Pension Plan ranks #453 of 707 2024 filers by assets (457% of the sector average)-$120M for 73 participants.
- $120M
- total plan assets (2024 EOY)
- 73
- covered participants
- 92nd
- percentile by assets (of 116,472 plans)
- $1.6M
- avg assets per participant
The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Bangor Hydro Electric Company Pension Plan reported net income fell from $6M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
- Bangor Hydro Electric Company Pension Plan reported participants fell from 80 in the plan year 2023 filing to 73 in the plan year 2024 filing.
- Bangor Hydro Electric Company Pension Plan end-of-year assets fell from $124M in the plan year 2023 filing to $120M in the plan year 2024 filing.
Rank #453 in Utilities
Among 707 Utilities plans that filed a Form 5500 for plan year 2024, Bangor Hydro Electric Company Pension Plan ranks #453 by end-of-year assets - about 457% of the sector average of $547M. Nationally it sits in the 92nd percentile, a weaker position within its industry than across all filers.
Utilities filing particulars
| Total Assets (Beginning of Year) | $124M |
|---|---|
| Net Assets (End of Year) | $120M |
| Net Income | -$4M |
| 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.
Bangor Hydro Electric Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
- Unum Group Pension Plan $1.4B · 2,887
- Maine Medical Center Pension Plan $795M · 2,484
- Legacy Chrysler Financial Employee Pension Plan $509M · 213
- Td Banknorth Inc. Pension Plan $413M · 1,528
- Northern Light Health Retirement Partnership Plan $299M · 4,838
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Bangor Hydro Electric Company Pension Plan by total assets, not by location.
- United Union of Roofers - Local 8 Pension Fund (NY) $120M · 1,292
- International Motors, LLC Hourly Employees Pension Plan No. 2 (IL) $120M · 1
- American Postal Workers Union Officers' Qualified Retirement Plan (DC) $120M · 100
- Major League Baseball Pension Plan for Non-Uniformed Personnel (NY) $119M · 491
Frequently Asked Questions
How did Bangor Hydro Electric Company Pension Plan assets move in 2024? ▼
How have Versant Power plan assets changed over time? ▼
Where does Bangor Hydro Electric Company Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Bangor Hydro Electric Company Pension Plan? ▼
Next read for Bangor Hydro Electric Company Pension Pl…
Filing takeaways
Ways to act on Bangor Hydro Electric Company Pension Plan's numbers.
- By total assets, Bangor Hydro Electric Company Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maine. Compare plans
- Versant Power's sponsor-wide assets have grown 11.1% since 2022 across 3 plan years on file. More Utilities plans
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
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.