# Versant Power 401(k) Plan
Source: https://planprovider.pro/companies/versant-power-010024370-502

> Versant Power's 401(k) plan: 548 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Versant Power

- **Sponsor EIN:** 010024370

- **Sponsor Address:** 970 ILLINOIS AVENUE, BANGOR, ME, 04401

- **Plan Type:** 401(k)

- **Plan Number:** 502

- **Total Participants:** 548

- **Total Assets:** $4.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2025|548|$4.5M|$0|$0|

| 2024|104|$4.2M|$9.8M|$2.3M|

| 2023|112|$3.8M|$7.8M|$2.2M|

| 2022|126|$3.3M|$6.0M|$2.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| ANTHEM HEALTH PLANS OF MAINE INC|Recordkeeper|$279,923|—|$279,923|

| OPTUM HEALTH FINANCIAL SERVICES|Recordkeeper|$15,323|—|$15,323|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $295,246

- **Estimated Expense Ratio:** 6.499% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2025|$11,871,620|—|$280,270|—|—|

| 2024|$245,463|—|$243,807|—|—|

| 2023|$271,956|$3,894|$268,062|—|—|

| 2022|$418,271|$6,896|$411,375|—|—|

## Similar Plans

- [Versant Power](https://planprovider.pro/companies/versant-power-plan-001) — 784 participants

- [Versant Power](https://planprovider.pro/companies/versant-power-401k-plan) — 679 participants

- [Versant Power](https://planprovider.pro/companies/versant-power-010024370-501) — 554 participants

- [Eastern Maine Electric Cooperative](https://planprovider.pro/companies/eastern-maine-electric-cooperative-010056837-526) — 24 participants

- [Maine Yankee Atomic Power Company](https://planprovider.pro/companies/maine-yankee-atomic-power-company-010278125-513) — 9 participants

- [Versant Power](https://planprovider.pro/companies/versant-power-plan-005) — 0 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/versant-power-010024370-502)

© 2026 PlanProvider.Pro