Verizon Savings Plan For Management Employees — 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 Plan For Management Employees is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 102. The latest loaded filing year is 2023. The filing reports 136,215 participants and $27,825,640,157 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
- 102
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 136,215
- End-of-year plan assets
- $27,825,640,157
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136,215 | H, C | 20240625123152NAL0007310161001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,825,640,157
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,825,640,157
- Net assets (BOY)
- $25,166,078,580
Income & contributions
- Employer contributions
- $477,467,200
- Participant contributions
- $833,477,695
- Total contributions
- $1,310,944,895
- Total income / additions
- $5,225,236,273
Expenses & distributions
- Benefits paid
- $2,508,283,288
- Administrative expenses
- $56,641,057
- Total expenses
- $2,565,674,696
- Net increase / (decrease)
- $2,659,561,577
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $3,583,984 | not reported in the loaded dataset | 2023 |
| Jp Morgan Invest. Management, Inc. | NONE | $1,107,543 | not reported in the loaded dataset | 2023 |
| Boston Partners Global Invstrs, Inc | NONE | $500,000 | not reported in the loaded dataset | 2023 |
| Verizon Communications Inc. | EMPLOYER | $485,349 | not reported in the loaded dataset | 2023 |
| Aon Consulting, Inc | NONE | $472,484 | not reported in the loaded dataset | 2023 |
| Wellington Group Holdings, Llp | NONE | $466,471 | not reported in the loaded dataset | 2023 |
| Thompson Hine | NONE | $164,890 | not reported in the loaded dataset | 2023 |
| Abel Noser Solutions | NONE | $138,013 | not reported in the loaded dataset | 2023 |
| Bloomberg Finance | NONE | $108,395 | not reported in the loaded dataset | 2023 |
| Proskauer | NONE | $88,426 | not reported in the loaded dataset | 2023 |
| Duane Morris | NONE | $70,305 | not reported in the loaded dataset | 2023 |
| Mitchell And Titus Llp | NONE | $57,783 | not reported in the loaded dataset | 2023 |
| Kpmg | NONE | $56,796 | not reported in the loaded dataset | 2023 |
| Donnelley Financial LLC | NONE | $35,457 | not reported in the loaded dataset | 2023 |
| Bny Mellon | NONE | $34,136 | not reported in the loaded dataset | 2023 |
| Cem Benchmarking | NONE | $33,000 | not reported in the loaded dataset | 2023 |
| Sp Dow Jones | NONE | $30,446 | not reported in the loaded dataset | 2023 |
| Wolfe Research | NONE | $28,843 | not reported in the loaded dataset | 2023 |
| Broadridge | NONE | $23,176 | not reported in the loaded dataset | 2023 |
| Evestment Alliance | NONE | $15,371 | not reported in the loaded dataset | 2023 |
| Ayco | NONE | $11,804 | 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
- Jp Morgan Invest. Management, Inc. — Schedule C compensation
- Boston Partners Global Invstrs, Inc — Schedule C compensation
- Verizon Communications Inc. — Schedule C compensation
- Aon Consulting, Inc — Schedule C compensation
- Wellington Group Holdings, Llp — Schedule C compensation
- Thompson Hine — Schedule C compensation
- Abel Noser Solutions — Schedule C compensation
- Bloomberg Finance — Schedule C compensation
- Proskauer — Schedule C compensation
- Duane Morris — Schedule C compensation
- Mitchell And Titus Llp — Schedule C compensation
- Kpmg — Schedule C compensation
- Donnelley Financial LLC — Schedule C compensation
- Bny Mellon — Schedule C compensation
- Cem Benchmarking — Schedule C compensation
- Sp Dow Jones — Schedule C compensation
- Wolfe Research — Schedule C compensation
- Broadridge — Schedule C compensation
- Evestment Alliance — Schedule C compensation
- Ayco — Schedule C compensation