Verizon Savings Security Plan For Mid-Atlantic Associates — Form 5500 plan (Verizon Communications Inc.)
Plain-English plan 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, Verizon Savings Security Plan For Mid-Atlantic Associates is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 004. The latest loaded filing year is 2023. The filing reports 16,509 participants and $3,199,999,641 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Verizon Communications Inc.
- EIN
- 23-2259884
- Plan number
- 004
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 16,509
- End-of-year plan assets
- $3,199,999,641
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 16,509 | H, C | 20240625123402NAL0008027329001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,199,999,641
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,199,999,641
- Net assets (BOY)
- $2,903,888,994
Income & contributions
- Employer contributions
- $51,180,180
- Participant contributions
- $107,636,589
- Total contributions
- $158,816,769
- Total income / additions
- $543,547,680
Expenses & distributions
- Benefits paid
- $242,578,078
- Administrative expenses
- $4,716,767
- Total expenses
- $247,437,033
- Net increase / (decrease)
- $296,110,647
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $398,342 | not reported in the loaded dataset | 2023 |
| Mitchell & Titus Llp | NONE | $57,783 | not reported in the loaded dataset | 2023 |
| Verizon Communications Inc. | EMPLOYER | $56,132 | not reported in the loaded dataset | 2023 |
| Aon Consulting, Inc | NONE | $53,555 | not reported in the loaded dataset | 2023 |
| Donnelley Financial LLC | NONE | $47,615 | not reported in the loaded dataset | 2023 |
| Duane Morris | NONE | $20,948 | not reported in the loaded dataset | 2023 |
| Thompson Hine Llp | NONE | $18,670 | not reported in the loaded dataset | 2023 |
| Abel Noser Solutions | NONE | $15,755 | not reported in the loaded dataset | 2023 |
| Bloomberg Finance | NONE | $12,273 | not reported in the loaded dataset | 2023 |
| Conduent Hr Services LLC | NONE | $8,167 | not reported in the loaded dataset | 2023 |
| Kpmg | NONE | $6,150 | not reported in the loaded dataset | 2023 |
| Ayco | NONE | $5,945 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Verizon Communications Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Basking Ridge, NJ
- Fidelity Investments Institutional — Schedule C compensation
- Mitchell & Titus Llp — Schedule C compensation
- Verizon Communications Inc. — Schedule C compensation
- Aon Consulting, Inc — Schedule C compensation
- Donnelley Financial LLC — Schedule C compensation
- Duane Morris — Schedule C compensation
- Thompson Hine Llp — Schedule C compensation
- Abel Noser Solutions — Schedule C compensation
- Bloomberg Finance — Schedule C compensation
- Conduent Hr Services LLC — Schedule C compensation
- Kpmg — Schedule C compensation
- Ayco — Schedule C compensation