Employer · plans filed under one EIN
Verizon Communications Inc.
Basking Ridge, NJ · Information
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
5 retirement plans with 100 or more participants file Form 5500 under Verizon Communications Inc.'s employer identification number (Basking Ridge, New Jersey). Their latest filings total 184,554 participant records and $47.2B in net assets.
The largest is Verizon Savings Plan for Management Employees, an ESOP with a 401(k) feature with 112,629 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $1.05B and participant contributions $1.10B in the latest plan years; benefits paid were $9.76B. Schedule C compensation reported to service provider organisations totalled $18.1M.
Combined net assets moved from $17.1B in 2009 to $41.5B in 2025 (up 143%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Verizon Savings Plan for Management Employees | ESOP with a 401(k) feature | 2025 | 112,629 | $31.3B | $278,075 | $8,226 | $6.5M |
| Verizon Pension Plan for Associates | defined benefit pension plan | 2024 | 37,982 | $5.70B | $149,957 | $22,617 | $10.4M |
| Verizon Savings & Security Plan for New York and New England Associates | ESOP with a 401(k) feature | 2025 | 16,621 | $6.16B | $370,771 | $4,892 | $147K |
| Verizon Savings Security Plan for Mid-Atlantic Associates | ESOP with a 401(k) feature | 2025 | 15,009 | $3.73B | $248,257 | $4,580 | $788K |
| Verizon Savings and Security Plan for West Region Hourly Employees | ESOP with a 401(k) feature | 2025 | 2,313 | $326M | $141,014 | $4,429 | $238K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 4 | 146,572 | $41.5B | $564M | $1.10B |
| 2024 | 5 | 191,883 | $44.6B | $1.05B | $1.09B |
| 2023 | 5 | 274,791 | $47.6B | $900M | $1.09B |
| 2022 | 5 | 289,446 | $44.2B | $790M | $1.14B |
| 2021 | 5 | 299,671 | $57.6B | $601M | $1.19B |
| 2020 | 5 | 314,174 | $55.6B | $618M | $1.18B |
| 2019 | 5 | 328,806 | $52.1B | $868M | $1.21B |
| 2018 | 5 | 345,332 | $47.2B | $924M | $1.19B |
| 2017 | 5 | 283,633 | $44.0B | $1.76B | $1.11B |
| 2016 | 5 | 289,357 | $39.5B | $2.82B | $1.13B |
| 2015 | 4 | 229,819 | $28.5B | $871M | $1.14B |
| 2014 | 4 | 211,467 | $29.3B | $952M | $1.10B |
| 2013 | 4 | 144,330 | $22.1B | $537M | $839M |
| 2012 | 4 | 150,393 | $19.6B | $470M | $744M |
| 2011 | 4 | 160,703 | $18.1B | $444M | $712M |
| 2010 | 4 | 175,560 | $17.6B | $489M | $750M |
| 2009 | 4 | 219,343 | $17.1B | $415M | $663M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Conduent Incorporated | Copying and duplicating; Other services; Consulting (general) | 2 | $8,647,875 |
| Fidelity Investments Institutional | Recordkeeping and information management; Participant loan processing; Participant communication | 4 | $2,677,987 |
| Verizon Communications Inc. | Plan Administrator; Investment advisory (plan); Investment management | 3 | $2,056,746 |
| Boston Partners Global Invstrs, Inc. | Investment management | 3 | $1,364,079 |
| Aon Hewitt | Consulting (general); Actuarial; Other services | 4 | $1,133,372 |
| Jennison Associates LLC | Investment management | 1 | $352,777 |
| Databank Imx LLC | Recordkeeping and information management | 1 | $345,154 |
| Principal Bank | Contract Administrator | 1 | $312,622 |
| Morgan Stanley Investment Managemen | Investment management | 1 | $303,584 |
| Mitchell and Titus LLP | Accounting (including auditing) | 4 | $227,012 |
| GQG Partners LLC | Investment management | 1 | $150,000 |
| Bloomberg Finance | Investment advisory (plan) | 2 | $76,612 |
| Donnelley Financial LLC | Accounting (including auditing); Consulting (general); Other services | 3 | $72,359 |
| Duane Morris LLP | Legal | 1 | $71,033 |
| KPMG | Accounting (including auditing); Consulting (general) | 2 | $64,015 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Verizon Communications Inc. have?
5 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Verizon Savings Plan for Management Employees, Verizon Pension Plan for Associates, Verizon Savings & Security Plan for New York and New England Associates and Verizon Savings Security Plan for Mid-Atlantic Associates and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Verizon Communications Inc. contribute to its plans?
$1,045,045,664 in employer contributions across these plans in their latest plan years, about $10,446 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Conduent Incorporated, Fidelity Investments Institutional, Verizon Communications Inc. and Boston Partners Global Invstrs, Inc. and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.