2023 Form 5500 filing — Versant Power 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240731094919NAL0021301009001) for Versant Power 401(K) Plan, reported by Versant Power under EIN 01-0024370 and plan number 004. It reports 664 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731094919NAL0021301009001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Versant Power
- EIN
- 01-0024370
- Plan number
- 004
- Location
- Hampden, ME
- Participants
- 664
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $89,306,757
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $89,306,757
- Employer contributions
- $2,502,090
- Participant contributions
- $4,968,574
- Total income / additions
- $20,887,602
- Benefits paid
- $7,775,752
- Administrative expenses
- $163,292
- Total expenses
- $7,939,044
- Net increase / (decrease)
- $12,948,558
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mercer (Us) Inc Mercer Investments | OTHER | $118,951 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $41,463 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $4,053 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | SECURITIES BROKER | $104 | $0 |