Defined Benefit (Pension) · DOL Form 5500 · 2024

Versant Power Pension Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
32
Participants Small participant base
67th
Percentile by assets National rank
$533,358
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Maine Public Service Company Pension Plan · Sponsored by Versant Power · Maine · Utilities

$17M in assets, 32 participants

Versant Power's Maine Public Service Company Pension Plan reported $17M in total assets and 32 participants in its 2024 DOL Form 5500 filing, ranking in the 67th 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.

  • #241 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Maine Public Service Company Pension Plan ranks #241 of 732 2024 filers by assets (3146% of the sector average)-$17M for 32 participants.

#241
in Utilities (732 peers)
-6.5%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Maine Public Service Company Pension Plan's outsized position by total assets

Maine Public Service Company Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$17,067,441 Top 33% higher than 67% 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

Maine Public Service 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. Maine Public Service Company Pension Plan is a small filing (32 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Maine Public Service Company Pension Plan reported net income fell from -$191K in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Maine Public Service Company Pension Plan reported participants fell from 36 in the plan year 2023 filing to 32 in the plan year 2024 filing.
  • Maine Public Service Company Pension Plan end-of-year assets fell from $18M in the plan year 2023 filing to $17M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

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

Maine Public Service Company Pension Plan · $17M · 32 · 67th

  • SCH $17M
  • SCH 32
  • SCH 67th
  • SCH Defined Benefit (Pension)
  • SCH near Hunter Fan Company Pension Plan
  • SCH ind #241

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 →

Maine Public Service Company Pension Plan in the asset neighbourhood

Retirement Plan for Employees of Parkview Community Hospital Medical CenterRetirement Plan for Employee…$17MWeil, Gotshal & Manges LLP Cash Balance PlanWeil, Gotshal & Manges LLP C…$17MMaine Public Service Company Pension PlanMaine Public Service Company…$17MHunter Fan Company Pension PlanHunter Fan Company Pension P…$17MAaa Arizona, Inc. Cash Balance Plan and TrustAaa Arizona, Inc. Cash Balan…$17M
End-of-year total assets ($M) among Maine Public Service 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)$18M
Net Assets (End of Year)$17M
Net Income-$1M
Employer EIN010024370
Plan Effective Date1952-01-01
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.

Maine Public Service Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -0.500.511.5 Total assets ($B) Participants Maine Public Service Company Pension Plan, Total assets ($B): 0.017067441 · Participants: 32Maine Public Service 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
Maine Public Service Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare Maine Public Service Company Pension Plan side-by-side with 3 peers →

Maine Public Service 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 Hunter Fan Company Pension Plan in TN ($17M); by covered participants it is Interval Partners, LP Cash Balance Plan in NY (32 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (32 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 Maine Public Service Company Pension Plan assets move in 2024? ▼
Maine Public Service Company Pension Plan pulled back noticeably - down 6.5% during 2024, from $18M to $17M. Reported net income was -$1M.
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.
Which Defined Benefit (Pension) plans are similar in size to Maine Public Service Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Hunter Fan Company Pension Plan in TN ($17M, 23 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Maine Public Service Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Interval Partners, LP Cash Balance Plan in NY (32 participants, $6M 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.