Verizon Welfare Benefit 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 Welfare Benefit Plan For Mid-Atlantic Associates is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 588. The latest loaded filing year is 2023. The filing reports 47,781 participants and $295,840 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
- 588
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 47,781
- End-of-year plan assets
- $295,840
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 47,781 | H, C | 20241010082558NAL0011297539001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $295,840
- Total liabilities (EOY)
- $60,749,000
- Net assets (EOY)
- -$60,453,160
- Net assets (BOY)
- -$60,699,875
Income & contributions
- Employer contributions
- $620,489,771
- Participant contributions
- $66,356,510
- Total contributions
- $686,846,281
- Total income / additions
- $686,865,382
Expenses & distributions
- Benefits paid
- $686,618,667
- Administrative expenses
- $0
- Total expenses
- $686,618,667
- Net increase / (decrease)
- $246,715
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Compsych | NONE | $0 | $38,792 | 2023 |