Plan Snapshot
- Plan Sponsor: Versant Power
- Sponsor EIN: 010024370
- Sponsor Address: 28 PENOBSCOT MEADOW DR, HAMDEN, ME, 04444
- Plan Type: 401(k)
- Total Participants: 555
- Total Assets: $99.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 555 | $99.3M | $2.9M | $5.6M |
| 2023 | 507 | $89.3M | $2.5M | $5.0M |
| 2022 | 483 | $76.4M | $2.1M | $4.3M |
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 |
|---|---|---|---|---|
| CLIFTON LARSON ALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTON LARSON ALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2024 | $191,738 | $147,522 | — | — | — |
| 2023 | $163,292 | $4,157 | — | — | — |
| 2022 | $60,540 | — | $60,540 | — | — |