2023 Form 5500 filing — Verizon Savings And Security Plan For West Region Hourly Employees
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 20240625123311NAL0010412384001) for Verizon Savings And Security Plan For West Region Hourly Employees, reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 105. It reports 3,003 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240625123311NAL0010412384001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Verizon Communications Inc.
- EIN
- 23-2259884
- Plan number
- 105
- Location
- Basking Ridge, NJ
- Participants
- 3,003
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $300,686,286
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $300,686,286
- Employer contributions
- $1,829,917
- Participant contributions
- $3,956,791
- Total income / additions
- $41,421,157
- Benefits paid
- $32,134,567
- Administrative expenses
- $626,884
- Total expenses
- $32,765,723
- Net increase / (decrease)
- $8,655,434
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $171,963 | not reported in the loaded dataset |
| Mitchell And Titus Llp | NONE | $57,783 | not reported in the loaded dataset |
| Donnelley Financial LLC | NONE | $34,852 | not reported in the loaded dataset |
| Verizon Communications Inc. | EMPLOYER | $5,892 | not reported in the loaded dataset |
| Aon Consulting | NONE | $5,520 | not reported in the loaded dataset |