Plan5500

Verizon Communications Inc. — Form 5500 filings & benefit plans

Form 5500 plan sponsor 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 Communications Inc. (EIN 23-2259884) is a plan sponsor located in Basking Ridge, NJ with 22 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN
23-2259884
Location
Basking Ridge, NJ
Loaded plans
22
Latest filing year
2023

This is a company / sponsor profile — aggregate totals across all of this employer's loaded plans. Open an individual plan below for its own full financial statement.

What stands out for Verizon Communications Inc.

  • 22 loaded plans hold $85B in reported assets.
  • The largest, Verizon Master Savings Trust, holds 43% of this company's reported plan assets.
  • Plans cover 750,204 reported participants.
  • 9 of 22 plans report full financial statements.
  • 10 report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$84.8BSummed across loaded plans$84,781,167,684
Total reported assets$85B$84,988,972,684
Total reported participants750.2K750,204
Total reported liabilities$207.8M$207,805,000

Reported net position

Reported assets = net assets + liabilities (summed)$85B total assets
Net assets$84.8BLiabilities$207.8M
Contributions & income
Employer contributions$2.9B
Participant contributions$1.4B
Total income / additions$14.9B
Expenses & distributions
Benefits paid / distributions$6.4B
Total expenses$6.6B
Net increase / (decrease)$8.3B

Data coverage

Plans with financial statements9 / 22 (41%)
Plans with provider compensation10 / 22 (45%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Portfolio comparison

Largest plan share of assets43%Verizon Master Savings Trust
Participants per plan34,100Average across loaded plans
Loaded plans22
Ranked by reported assets

Largest loaded plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    Verizon Master Savings Trust$36.7B
    Plan #020 · not reported in the loaded dataset participants · 2023
  2. 2
    Verizon Savings Plan For Management Employees$27.8B
    Plan #102 · 136,215 participants · 2023
  3. 3
    Verizon Pension Plan For Associates$10.9B
    Plan #016 · 115,243 participants · 2023
  4. 4
    Verizon Savings & Security Plan For New York And New England Associates$5.4B
    Plan #011 · 18,476 participants · 2023
  5. 5
    Verizon Savings Security Plan For Mid-Atlantic Associates$3.2B
    Plan #004 · 16,509 participants · 2023
  6. 6
    Retiree Group Health Plan For West Associates$465.8M
    Plan #582 · 14,459 participants · 2023
  7. 7
    Verizon Savings And Security Plan For West Region Hourly Employees$300.7M
    Plan #105 · 3,003 participants · 2023
  8. 8
    The Plan For Group Insurance$224.2M
    Plan #580 · 85,739 participants · 2023
  9. 9
    Verizon Welfare Benefit Plan For Mid-Atlantic Associates$295.8K
    Plan #588 · 47,781 participants · 2023
  10. 10
    Verizon Severance Program For Management Employeesnot reported in the loaded dataset
    Plan #534 · 77,327 participants · 2023
  11. 11
    The Verizon Retiree Group Health Plan For Mgmt & Non-Union Hourly Employeesnot reported in the loaded dataset
    Plan #581 · 71,107 participants · 2023
  12. 12
    Verizon New York And New England Retiree Health (Post-1992 Retirees) And Group Life Insurance Plan For Active And Retired Associatesnot reported in the loaded dataset
    Plan #576 · 52,448 participants · 2023

All loaded plans by assets → · By participants → · With financial statements → · With provider compensation →

EFAST2 filings

Latest loaded filings

Most recent loaded Form 5500 filings for Verizon Communications Inc.. Open one for its full reported snapshot.

  1. 2023
    Verizon Severance Program For Management Employees77,327 participants · 2No schedules
    View filing →
  2. 2023
    Verizon Income Security Plan For Mid-Atlantic Associates10,416 participants · 2No schedules
    View filing →
  3. 2023
    Verizon Medical Expense Plan For New York And New England Associates13,557 participants · 2No schedules
    View filing →
  4. 2023
    Verizon Income Protection Plan For New York And New England Associates11,631 participants · 2No schedules
    View filing →
  5. 2023
    The Verizon Choices Plan26,783 participants · 2No schedules
    View filing →
  6. 2023
    Verizon Associate Long-Term Care Plan3,369 participants · 2No schedules
    View filing →
  7. 2023
    Verizon Welfare Benefit Plan For New York And New England Associates16,313 participants · 2No schedules
    View filing →
  8. 2023
    Verizon Savings Plan For Management Employees136,215 participants · 2Sch HSch C
    View filing →

What to inspect next

Frequently asked questions

How many benefit plans does Verizon Communications Inc. report on Form 5500?
Verizon Communications Inc. (EIN 23-2259884) reports 22 benefit plan(s) in the loaded Form 5500 dataset.
What is the EIN for Verizon Communications Inc.?
The Employer Identification Number (EIN) reported for Verizon Communications Inc. is 23-2259884.
What is the latest Form 5500 filing year for Verizon Communications Inc.?
The latest loaded Form 5500 filing year for Verizon Communications Inc. is 2023.

Related Form 5500 pages