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Retirement plan

VERIZON PENSION PLAN FOR MID-ATLANTIC AND SOUTH ASSOCIATES

VERIZON COMMUNICATIONS INC.EIN 23-2259884Plan #002PY 2015
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ONE VERIZON WAY,, MAIL CODE VC34E222A - BASKING RIDGE, NJ 07920908-559-3620
Other plans on this EIN
4 filings
#102Retirement-$20.13B assets#011Retirement-$4.67B assets#004Retirement-$2.64B assets#105Retirement-$1.11B assets
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
KEVIN CAMMARATA
Signed 10/06/2016
(908) 559-3620
Plan administrator entity
CHAIRPERSON OF THE VEBC
EIN 300940361
How to read this page

Summary metrics

Total assets (EOY)
$3828.7M
No prior year
Total participants
67,595
No prior year
Average account balance
$0
No prior year
Annual return
0.04%
+87.73 pp from 2016

Benchmarks

See 209 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort209 peers
Snapshot2015
Participant deferral / active EE
$0
median $28
Employer contribution / active EE
$20,920
median $5,273
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,522
Admin fee / account holder
$0
median $275
Annual return
0.04%
median -0.88%
Overall peer rank
72nd percentileavg across 6 metrics

Analytics

Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Top 10 by compensation
ProviderService typeCompensation
XEROX CORPORATION1+ years
Service code 36 · EIN 16-0468020
Other services; Recordkeeping fees; C...
$4,102,097
WELLS FARGO & CO1+ years
Service code 13 · EIN 94-1347393
Contract Administrator
$439,445
AON CONSULTING INC1+ years
Service code 11 · EIN 22-2232264
Actuarial
$339,283
VERIZON COMMUNICATIONS INC1+ years
Service code 13 · EIN 23-2259884
Contract Administrator
$292,203
DATABANK IMX LLC1+ years
Service code 15 · EIN 25-1921937
Recordkeeping
$159,015
DUANE MORRIS LLP1+ years
Service code 29 · EIN 23-1392502
Legal
$64,447
CURCIO WEBB LLC1+ years
Service code 16 · EIN 36-4171366
Consulting
$44,043
MITCHELL & TITUS, LLP1+ years
Service code 10 · EIN 13-2781641
Accounting
$30,283
METROPOLITAN LIFE INSURANCE1+ years
Service code 12 · EIN 13-5581829
Direct payment from the plan; Claims ...
$14,249
OGLETREE,DEAKINS,NASH, SMOAK & STEW1+ years
Service code 29 · EIN 57-1044820
Legal
$5,821

Enrolled actuary

1 attachment
SB

DANIEL F. MCFALL

HEWITT ASSOCIATES LLC
Enrollment #1404341
4 OVERLOOK POINT
LINCOLNSHIRE, IL 60069
(847) 295-5000
Signed 2016-09-19

Top hat statement on fileNQDC

Filed September 28, 1999 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1B3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$26.7M
$1537 / participant
  • Other / not subdivided$27M100.0%
% of EOY assets
0.698%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
MITCHELL & TITUS, LLP
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Disclaimer