401(k) · DOL Form 5500 · 2024

Versant Power 401(k) Plan

Data updated 2026-08-25

$99M
Total assets Below avg plan size
527
Participants Below avg headcount
90th
Percentile by assets National rank
$188,484
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

$99M in assets, 527 participants

Versant Power's Versant Power 401(k) Plan reported $99M in total assets and 527 participants in its 2024 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.

  • #453 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Versant Power 401(k) Plan ranks #453 of 732 2024 filers by assets (541% of the sector average)-$99M for 527 participants.

#453
in Utilities (732 peers)
+11.2%
assets growth YoY
1.0×
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 2024 · DOL Form 5500

$99,330,844 Top 10% higher than 90% 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

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

Plan-year 2024 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 (527 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Versant Power 401(k) Plan reported net income fell from $13M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Versant Power 401(k) Plan end-of-year assets rose from $89M in the plan year 2023 filing to $99M in the plan year 2024 filing.
  • Versant Power 401(k) Plan reported participants rose from 497 in the plan year 2023 filing to 527 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 010024370 · Versant Power PY 2024 · 401(k)

Versant Power 401(k) Plan · $99M · 527 · 90th

  • ASSETS $99M
  • PCT 527
  • EIN 90th
  • RANK 401(k)
  • PHOTO near Kolbe & Kolbe Millwork Co., Inc. Retirement Savings Plan
  • IND ind #453

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

Vicinity Energy Employees 401(k) PlanVicinity Energy Employees 40…$99MPace Supply Corp. 401(k) Plan$99MBrg Sports, Inc. 401(k) Plan$99MVersant Power 401(k) Plan$99MKolbe & Kolbe Millwork Co., Inc. Retirement Savings PlanKolbe & Kolbe Millwork Co., …$99M
End-of-year total assets ($M) among Versant Power 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$89M
Net Assets (End of Year)$99M
Net Income$10M
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 -202468 Total assets ($B) Participants Versant Power 401(k) Plan, Total assets ($B): 0.099330844 · Participants: 527Versant Power 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 5.971163889 · Participants: 31654Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.479947647 · Participants: 9451Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.243344842 · Participants: 6776Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 1.096724054 · Participants: 29915Hannaford Bros. Co. 401(k) PlanAhold Delhaize USA Services 401(k) Plan, Total assets ($B): 1.001892127 · Participants: 3012Ahold Delhaize USA Services 401(k) 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 Kolbe & Kolbe Millwork Co., Inc. Retirement Savings Plan in WI ($99M); by covered participants it is Galaxy Systems, Inc. 401(k) Profit Sharing Plan in NJ (527 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($99M here).

Similar participant headcount

Nearest other-state filings by covered participants (527 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 Versant Power 401(k) Plan assets move in 2024? ▼
Versant Power 401(k) Plan grew at a solid clip - up 11.2% during 2024, from $89M to $99M. Reported net income was $10M.
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 123,622 plans that reported assets for plan year 2024 (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 Kolbe & Kolbe Millwork Co., Inc. Retirement Savings Plan in WI ($99M, 917 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 Galaxy Systems, Inc. 401(k) Profit Sharing Plan in NJ (527 participants, $32M 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.