Verizon Savings And Security Plan For West Region Hourly 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 And Security Plan For West Region Hourly Employees is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 105. The latest loaded filing year is 2023. The filing reports 3,003 participants and $300,686,286 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
- 105
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 3,003
- End-of-year plan assets
- $300,686,286
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,003 | H, C | 20240625123311NAL0010412384001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $300,686,286
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $300,686,286
- Net assets (BOY)
- $292,030,852
Income & contributions
- Employer contributions
- $1,829,917
- Participant contributions
- $3,956,791
- Total contributions
- $5,786,708
- Total income / additions
- $41,421,157
Expenses & distributions
- Benefits paid
- $32,134,567
- Administrative expenses
- $626,884
- Total expenses
- $32,765,723
- Net increase / (decrease)
- $8,655,434
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $171,963 | not reported in the loaded dataset | 2023 |
| Mitchell And Titus Llp | NONE | $57,783 | not reported in the loaded dataset | 2023 |
| Donnelley Financial LLC | NONE | $34,852 | not reported in the loaded dataset | 2023 |
| Verizon Communications Inc. | EMPLOYER | $5,892 | not reported in the loaded dataset | 2023 |
| Aon Consulting | NONE | $5,520 | 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 And Titus Llp — Schedule C compensation
- Donnelley Financial LLC — Schedule C compensation
- Verizon Communications Inc. — Schedule C compensation
- Aon Consulting — Schedule C compensation