Bangor Hydro Electric Company Pension Plan — Form 5500 plan (Versant Power)
Plain-English plan 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, Bangor Hydro Electric Company Pension Plan is a benefit plan reported by Versant Power under EIN 01-0024370 and plan number 001. The latest loaded filing year is 2023. The filing reports 614 participants and $123,883,784 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Versant Power
- EIN
- 01-0024370
- Plan number
- 001
- Plan type
- 2
- Location
- Bangor, ME
- Latest filing year
- 2023
- Participants
- 614
- End-of-year plan assets
- $123,883,784
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 614 | H, C | 20240730124835NAL0020026769001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $123,883,784
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $123,883,784
- Net assets (BOY)
- $117,741,113
Income & contributions
- Employer contributions
- $1,500,000
- Total contributions
- $1,500,000
- Total income / additions
- $12,970,462
Expenses & distributions
- Benefits paid
- $6,340,157
- Administrative expenses
- $487,634
- Total expenses
- $6,827,791
- Net increase / (decrease)
- $6,142,671
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mercer Investments LLC | FIDUCIARY | $189,461 | $50,317 | 2023 |
| Mercer LLC | ACTUARY | $171,786 | not reported in the loaded dataset | 2023 |
| Deloitte And Touche LLC | AUDITOR | $37,500 | not reported in the loaded dataset | 2023 |
| Enmax Corporation | ADMINISTRATOR | $35,920 | not reported in the loaded dataset | 2023 |
| Us Bank N.A. | TRUSTEE | $29,092 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Versant Power
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Bangor, ME
- Mercer Investments LLC — Schedule C compensation
- Mercer LLC — Schedule C compensation
- Deloitte And Touche LLC — Schedule C compensation
- Enmax Corporation — Schedule C compensation
- Us Bank N.A. — Schedule C compensation