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 & Security Plan For New York And New England Associates is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 011. The latest loaded filing year is 2023. The filing reports 18,476 participants and $5,357,849,923 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,357,849,923
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,357,849,923
- Net assets (BOY)
- $4,935,142,257
Income & contributions
- Employer contributions
- $57,535,474
- Participant contributions
- $148,328,616
- Total contributions
- $205,864,090
- Total income / additions
- $857,111,785
Expenses & distributions
- Benefits paid
- $427,533,498
- Administrative expenses
- $6,679,927
- Total expenses
- $434,404,119
- Net increase / (decrease)
- $422,707,666