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Original filing (PDF)20250731080103NAL0005714449001
VERSANT POWER
Form 5500
FILING_RECEIVED
BANGOR HYDRO ELECTRIC COMPANY PENSION PLAN
Defined-benefit pension plan
Signals · 1
52% in single holding
Active participants
70
Accounts w/ balance
—
Plan assets (EOY)
$119.8M
Net assets (EOY)
$119.8M
How this plan invests
This plan
10 pooled trusts
Schedule D
11 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "Mercer Active Long Corp Investment Portfolio" is 52% of plan.
- 37 bps in Schedule C fees — 270% above peer band of 10 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for VERSANT POWER.
Plan sponsor
Name
VERSANT POWER
EIN
01-0024370
Address
970 ILLINOIS AVE · BANGOR, ME · 04402
Phone
(207) 941-6656
Industry
Utilitiessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-31
Pension benefit codes
3H · Sponsor in controlled / affiliated group
1A · Pay-related DB formula
Audit & trust (Schedule H)
Auditor
CLIFTONLARSONALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsTrustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| US BANK N.A. | 31-0841368 | — | TRUSTEE | $32K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CLIFTON LARSON ALLEN LLP | 41-0746749 | — | AUDITOR | $20K | — |
Actuary
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER LLC | 13-2834444 | — | ACTUARY | $195K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER INVESTMENTS LLC | 30-0282430 | — | FIDUCIARY | $196K | — |
Investments
1 direct security · 10 pooled funds· $117.6M(98% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$117.6M
10 holdings
Uncategorized
$84K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| MERCER ACTIVE LONG CORPORATE FIXED MERCER TRUST COMPANY LLC · EIN 45-6178743 / PN 004 | Common Collective Trust | — | $59.5M | $61.5M | 51.4% | |
| MERCER ACTIVE INTERMEDIATE CREDIT F MERCER TRUST COMPANY LLC · EIN 85-2621954 / PN 048 | Common Collective Trust | — | $14.0M | $15.5M | 13.0% | |
| MERCER PASSIVE LONG GOVERNMENT FIXE MERCER TRUST COMPANY LLC · EIN 51-0560117 / PN 010 | Common Collective Trust | — | $14.4M | $13.3M | 11.1% | |
| SSGA INTERMEDIATE US GOVT BOND INDX STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 32-6528132 / PN 058 | Common Collective Trust | — | $11.8M | $12.5M | 10.4% | |
| MERCER US LARGE CAP CORE PASSIVE EQ MERCER TRUST COMPANY LLC · EIN 03-0566613 / PN 005 | Common Collective Trust | — | $5.1M | $7.0M | 5.8% | |
| MERCER NON-US CORE EQUITY PORTFOLIO MERCER TRUST COMPANY LLC · EIN 03-0566617 / PN 009 | Common Collective Trust | — | $2.5M | $3.2M | 2.6% | |
| MERCER OPPORTUNISTIC FIXED INCOME P MERCER TRUST COMPANY LLC · EIN 36-7630030 / PN 020 | Common Collective Trust | — | $1.3M | $1.5M | 1.3% | |
| MERCER EMERGING MARKETS EQUITY PORT MERCER TRUST COMPANY LLC · EIN 32-6219484 / PN 017 | Common Collective Trust | — | $1.4M | $1.4M | 1.1% | |
| MERCER US SMALL/MID CAP EQUITY PORT MERCER TRUST COMPANY LLC · EIN 03-0566611 / PN 003 | Common Collective Trust | — | $900K | $1.1M | 0.9% | |
| MERCER GLOBAL LOW VOLATILITY EQUITY MERCER TRUST COMPANY LLC · EIN 35-7004395 / PN 018 | Common Collective Trust | — | $468K | $555K | 0.5% | |
| First American Government Obligations Fund | — | — | $84K | $84K | <0.1% |