Defined Benefit (Pension) · DOL Form 5500 · 2024

Versant Power Pension Plan

Data updated 2026-08-25

$120M
Total assets Near avg plan size
73
Participants Small participant base
92nd
Percentile by assets National rank
$1.6M
Avg per participant High balance/head
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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.

  • #469 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Bangor Hydro Electric Company Pension Plan ranks #469 of 732 2024 filers by assets (448% of the sector average)-$120M for 73 participants.

#469
in Utilities (732 peers)
-3.3%
assets change YoY
1.2×
vs typical plan assets (national mean)

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.

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 2024 · DOL Form 5500

$119,825,336 Top 8% higher than 92% of 123,620 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 2024

Bangor Hydro Electric Company Pension Plan among smaller filed plans by headcount

Plan-year 2024 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 (73 participants) on this national headcount ladder.

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 010024370 · Versant Power PY 2024 · Defined Benefit (Pension)

Bangor Hydro Electric Company Pension Plan · $120M · 73 · 92nd

  • 5500 $120M
  • 5500 73
  • 5500 92nd
  • 5500 Defined Benefit (Pension)
  • 5500 near Treasurers and Ticket Sellers Local 751 Pension Fund
  • 5500 ind #469

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

United Union of Roofers - Local 8 Pension FundUnited Union of Roofers - Lo…$120MTreasurers and Ticket Sellers Local 751 Pension FundTreasurers and Ticket Seller…$120MBangor Hydro Electric Company Pension PlanBangor Hydro Electric Compan…$120MNational Cargo Bureau, Inc. Pension PlanNational Cargo Bureau, Inc. …$120MInternational Motors, LLC Hourly Employees Pension Plan No. 2International Motors, LLC Ho…$120M
End-of-year total assets ($M) among Bangor Hydro Electric Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$124M
Net Assets (End of Year)$120M
Net Income-$4M
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. -20000200040006000 00.511.5 Total assets ($B) Participants Bangor Hydro Electric Company Pension Plan, Total assets ($B): 0.119825336 · Participants: 73Bangor Hydro Electric Company Pension PlanUnum Group Pension Plan, Total assets ($B): 1.36531854 · Participants: 2887Unum Group Pension PlanMaine Medical Center Pension Plan, Total assets ($B): 0.795021121 · Participants: 2484Maine Medical Center Pension PlanLegacy Chrysler Financial Employee Pension Plan, Total assets ($B): 0.509231651 · Participants: 213Legacy Chrysler Financial Employee Pension PlanTd Banknorth Inc. Pension Plan, Total assets ($B): 0.413363009 · Participants: 1528Td Banknorth Inc. Pension PlanNorthern Light Health Retirement Partnership Plan, Total assets ($B): 0.298873722 · Participants: 4838Northern 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 Treasurers and Ticket Sellers Local 751 Pension Fund in NY ($120M); by covered participants it is The New York Community Trust Retirement Plan in NY (73 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (73 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Bangor Hydro Electric Company Pension Plan edged down modestly - down 3.3% during 2024, from $124M to $120M. Reported net income was -$4M.
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 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Treasurers and Ticket Sellers Local 751 Pension Fund in NY ($120M, 337 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 The New York Community Trust Retirement Plan in NY (73 participants, $51M in assets).

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.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.