2023 Form 5500 filing — Verizon Savings & Security Plan For New York And New England Associates
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240625123300NAL0010411968001) for Verizon Savings & Security Plan For New York And New England Associates, reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 011. It reports 18,476 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240625123300NAL0010411968001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Verizon Communications Inc.
- EIN
- 23-2259884
- Plan number
- 011
- Location
- Basking Ridge, NJ
- Participants
- 18,476
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,357,849,923
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,357,849,923
- Employer contributions
- $57,535,474
- Participant contributions
- $148,328,616
- Total income / additions
- $857,111,785
- Benefits paid
- $427,533,498
- Administrative expenses
- $6,679,927
- Total expenses
- $434,404,119
- Net increase / (decrease)
- $422,707,666
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $179,371 | not reported in the loaded dataset |