Plan Snapshot
- Plan Sponsor: Versant Power
- Sponsor EIN: 010024370
- Sponsor Address: 970 ILLINOIS AVENUE, BANGOR, ME, 04402
- Plan Type: DB
- Plan Number: 005
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $0 | $0 |
| 2024 | 29 | $17.1M | $400,000 | $0 |
| 2023 | 32 | $18.3M | $400,000 | $0 |
| 2022 | 36 | $18.4M | $270,000 | $0 |
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 |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | Other Service Provider | $94,524 | — | $94,524 |
| MERCER (US) LLC | Actuary | $63,473 | — | $63,473 |
| CLIFTON LARSON ALLEN LLP | Auditor | $20,475 | — | $20,475 |
| US BANK N.A. | Custodian / Trustee | $7,450 | — | $7,450 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,922
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 | $1,973,910 | $77,872 | — | $20,475 | — |
| 2024 | $199,701 | $75,236 | — | $22,225 | — |
| 2023 | $264,642 | $55,992 | — | $37,500 | — |
| 2022 | $185,930 | — | — | — | $94,683 |