2023 Form 5500 filing — Bangor Hydro Electric Company Pension 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 20240730124835NAL0020026769001) for Bangor Hydro Electric Company Pension Plan, reported by Versant Power under EIN 01-0024370 and plan number 001. It reports 614 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240730124835NAL0020026769001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Versant Power
- EIN
- 01-0024370
- Plan number
- 001
- Location
- Bangor, ME
- Participants
- 614
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $123,883,784
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $123,883,784
- Employer contributions
- $1,500,000
- Total income / additions
- $12,970,462
- Benefits paid
- $6,340,157
- Administrative expenses
- $487,634
- Total expenses
- $6,827,791
- Net increase / (decrease)
- $6,142,671
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mercer Investments LLC | FIDUCIARY | $189,461 | $50,317 |
| Mercer LLC | ACTUARY | $171,786 | not reported in the loaded dataset |
| Deloitte And Touche LLC | AUDITOR | $37,500 | not reported in the loaded dataset |
| Enmax Corporation | ADMINISTRATOR | $35,920 | not reported in the loaded dataset |
| Us Bank N.A. | TRUSTEE | $29,092 | not reported in the loaded dataset |