2023 Form 5500 filing — Verizon Pension Plan For 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 20241010083015NAL0011300019001) for Verizon Pension Plan For Associates, reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 016. It reports 115,243 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010083015NAL0011300019001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Verizon Communications Inc.
- EIN
- 23-2259884
- Plan number
- 016
- Location
- Basking Ridge, NJ
- Participants
- 115,243
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,930,667,796
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,930,667,796
- Employer contributions
- $311,868,000
- Total income / additions
- $863,964,787
- Benefits paid
- $851,917,789
- Administrative expenses
- $22,956,133
- Total expenses
- $874,873,922
- Net increase / (decrease)
- -$10,909,135
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Conduent Incorporated | NONE | $9,789,269 | not reported in the loaded dataset |
| Principal Bank | NONE | $711,159 | not reported in the loaded dataset |
| Aon Consulting Inc. | NONE | $548,872 | not reported in the loaded dataset |
| Verizon Communications Inc. | EMPLOYER | $392,703 | not reported in the loaded dataset |
| Databank Imx LLC | NONE | $328,918 | not reported in the loaded dataset |
| Mitchell & Titus, Llp | NONE | $55,620 | not reported in the loaded dataset |
| Duane Morris Llp | NONE | $38,574 | not reported in the loaded dataset |
| Pension Benefit Information | NONE | $21,558 | not reported in the loaded dataset |
| The Ayco Company L.P. | NONE | $5,856 | not reported in the loaded dataset |