Verizon Pension Plan For 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 Pension Plan For Associates is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 016. The latest loaded filing year is 2023. The filing reports 115,243 participants and $10,930,667,796 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
- 016
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 115,243
- End-of-year plan assets
- $10,930,667,796
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 115,243 | H, C | 20241010083015NAL0011300019001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,930,667,796
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,930,667,796
- Net assets (BOY)
- $10,941,506,503
Income & contributions
- Employer contributions
- $311,868,000
- Total contributions
- $311,868,000
- Total income / additions
- $863,964,787
Expenses & distributions
- Benefits paid
- $851,917,789
- Administrative expenses
- $22,956,133
- Total expenses
- $874,873,922
- Net increase / (decrease)
- -$10,909,135
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Conduent Incorporated | NONE | $9,789,269 | not reported in the loaded dataset | 2023 |
| Principal Bank | NONE | $711,159 | not reported in the loaded dataset | 2023 |
| Aon Consulting Inc. | NONE | $548,872 | not reported in the loaded dataset | 2023 |
| Verizon Communications Inc. | EMPLOYER | $392,703 | not reported in the loaded dataset | 2023 |
| Databank Imx LLC | NONE | $328,918 | not reported in the loaded dataset | 2023 |
| Mitchell & Titus, Llp | NONE | $55,620 | not reported in the loaded dataset | 2023 |
| Duane Morris Llp | NONE | $38,574 | not reported in the loaded dataset | 2023 |
| Pension Benefit Information | NONE | $21,558 | not reported in the loaded dataset | 2023 |
| The Ayco Company L.P. | NONE | $5,856 | 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
- Conduent Incorporated — Schedule C compensation
- Principal Bank — Schedule C compensation
- Aon Consulting Inc. — Schedule C compensation
- Verizon Communications Inc. — Schedule C compensation
- Databank Imx LLC — Schedule C compensation
- Mitchell & Titus, Llp — Schedule C compensation
- Duane Morris Llp — Schedule C compensation
- Pension Benefit Information — Schedule C compensation
- The Ayco Company L.P. — Schedule C compensation