2023 Form 5500 filing — Verizon Savings Security Plan For Mid-Atlantic Associates
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 20240625123402NAL0008027329001) for Verizon Savings Security Plan For Mid-Atlantic Associates, reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 004. It reports 16,509 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240625123402NAL0008027329001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Verizon Communications Inc.
- EIN
- 23-2259884
- Plan number
- 004
- Location
- Basking Ridge, NJ
- Participants
- 16,509
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,199,999,641
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,199,999,641
- Employer contributions
- $51,180,180
- Participant contributions
- $107,636,589
- Total income / additions
- $543,547,680
- Benefits paid
- $242,578,078
- Administrative expenses
- $4,716,767
- Total expenses
- $247,437,033
- Net increase / (decrease)
- $296,110,647
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $398,342 | not reported in the loaded dataset |
| Mitchell & Titus Llp | NONE | $57,783 | not reported in the loaded dataset |
| Verizon Communications Inc. | EMPLOYER | $56,132 | not reported in the loaded dataset |
| Aon Consulting, Inc | NONE | $53,555 | not reported in the loaded dataset |
| Donnelley Financial LLC | NONE | $47,615 | not reported in the loaded dataset |
| Duane Morris | NONE | $20,948 | not reported in the loaded dataset |
| Thompson Hine Llp | NONE | $18,670 | not reported in the loaded dataset |
| Abel Noser Solutions | NONE | $15,755 | not reported in the loaded dataset |
| Bloomberg Finance | NONE | $12,273 | not reported in the loaded dataset |
| Conduent Hr Services LLC | NONE | $8,167 | not reported in the loaded dataset |
| Kpmg | NONE | $6,150 | not reported in the loaded dataset |
| Ayco | NONE | $5,945 | not reported in the loaded dataset |