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Original filing (PDF)20250731080248NAL0002427859001
VERSANT POWER
Form 5500
FILING_RECEIVED
MAINE PUBLIC SERVICE COMPANY PENSION PLAN
Defined-benefit pension plan
Signals · 2
42% in single holding~112 bps in Sched C fees
Active participants
29
Accounts w/ balance
—
Plan assets (EOY)
$17.1M
Net assets (EOY)
$17.1M
How this plan invests
This plan
12 pooled trusts
Schedule D
20 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 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
79
Total plan cost
65
Vendor stack
75
Participation health
100
Knocking points off
- Top holding "Mercer Active Intermediate Credit Fixed Income" is 42% of plan.
- 112 bps in Schedule C fees — 286% above peer band of 29 bps.
- Plan is frozen (1I) — no new benefit accrual.
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 AVENUE · BANGOR, ME · 04402
Phone
(207) 760-5811
Industry
Utilitiessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
005
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-31
Pension benefit codes
1A · Pay-related DB formula
1E · Section 401(h) arrangement
1I · Frozen plan — no new benefit accrual
3H · Sponsor in controlled / affiliated group
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 | $7K | — |
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 | $73K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER INVESTMENT LLC | 30-0282430 | — | FIDUCIARY | $91K | — |
Investments
14 direct securities · 12 pooled funds· $19.1M(100% 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
$16.4M
12 holdings
Uncategorized
$2.7M
14 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| MERCER ACTIVE INTERMEDIATE CREDIT F MERCER TRUST COMPANY LLC · EIN 85-2621954 / PN 048 | Common Collective Trust | — | $7.0M | $7.3M | 43.0% | |
| MERCER PASSIVE LONG GOVERNMENT FIXE MERCER TRUST COMPANY LLC · EIN 51-0560117 / PN 010 | Common Collective Trust | — | $4.2M | $3.8M | 22.4% | |
| MERCER PASSIVE LONG CREDIT FIXED IN MERCER TRUST COMPANY LLC · EIN 26-6700496 / PN 016 | Common Collective Trust | — | $3.1M | $3.2M | 18.6% | |
| MERCER US LARGE CAP CORE PASSIVE EQ MERCER TRUST COMPANY LLC · EIN 03-0566613 / PN 005 | Common Collective Trust | — | — | $858K | 5.0% | |
| First American Government Obligations Fund | — | — | $801K | $801K | 4.7% | |
| Mercer US Large Cap Passive Equity | — | — | $583K | $770K | 4.5% | |
| MERCER NON-US CORE EQUITY PORTFOLIO MERCER TRUST COMPANY LLC · EIN 03-0566617 / PN 009 | Common Collective Trust | — | — | $381K | 2.2% | |
| Mercer Non-US Core Equity | — | — | $293K | $342K | 2.0% | |
| MERCER OPPORTUNISTIC FIXED INCOME P MERCER TRUST COMPANY LLC · EIN 36-7630030 / PN 020 | Common Collective Trust | — | — | $185K | 1.1% | |
| MERCER EMERGING MARKETS EQUITY PORT MERCER TRUST COMPANY LLC · EIN 32-6219484 / PN 017 | Common Collective Trust | — | — | $168K | 1.0% | |
| Mercer Opportunistic Fixed Income | — | — | $145K | $167K | 1.0% | |
| Mercer Emerging Markets Equity | — | — | $150K | $151K | 0.9% | |
| MERCER SMALL/MID CAP EQUITY CT MERCER TRUST COMPANY LLC · EIN 03-0566611 / PN 003 | Common Collective Trust | — | — | $147K | 0.9% | |
| SSGAINTERMEDIATE US GOVT BOND INDX STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 32-6528132 / PN 058 | Common Collective Trust | — | $138K | $145K | 0.9% | |
| Mercer US Small/Mid Cap Equity | — | — | $107K | $132K | 0.8% | |
| Mercer US Large Cap Passive Equity | — | — | $65K | $88K | 0.5% | |
| First American Government Obligations Fund | — | — | $75K | $75K | 0.4% | |
| MERCER GLOBAL LOW VOLATILITY EQUITY MERCER TRUST COMPANY LLC · EIN 35-7004395 / PN 018 | Common Collective Trust | — | — | $67K | 0.4% | |
| SSGA SHORT TERM GOVT/CREDIT BOND STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 32-6528132 / PN 050 | Common Collective Trust | — | $60K | $65K | 0.4% | |
| Mercer Global Low Volume Equity Portfolio | — | — | $51K | $61K | 0.4% | |
| MERCER CORE FIXED INCOME PORTFOLIO MERCER TRUST COMPANY LLC · EIN 03-0566615 / PN 006 | Common Collective Trust | — | $41K | $43K | 0.3% | |
| Mercer Non-US Core Equity | — | — | $33K | $38K | 0.2% | |
| Mercer Opportunistic Fixed Income | — | — | $17K | $19K | 0.1% | |
| Mercer Emerging Markets Equity | — | — | $16K | $17K | <0.1% | |
| Mercer US Small/Mid Cap Equity | — | — | $12K | $15K | <0.1% | |
| Mercer Global Low Volume Equity Portfolio | — | — | $6K | $7K | <0.1% |
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