Retirement plan
VERIZON PENSION PLAN FOR MID-ATLANTIC AND SOUTH ASSOCIATES
VERIZON COMMUNICATIONS INC.EIN 23-2259884Plan #002PY 2016
ONE VERIZON WAY, - BASKING RIDGE, NJ 07920908-559-3342
Prospect flagsRecently cancelled planLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator entity
CHAIRPERSON OF THE VERIZON EMPLOYEE BENEFITS COMMITTEE
EIN 300940361
Summary metrics
Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-87.69%
+87.73 pp from 2016
Benchmarks
Peer group
Industry51 - Information
Plan typeDefined benefit
Participants<25
Cohort568 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $20,135
0
Participation rate
0.0%
median 100.0%
0
Avg account balance
$0
median $105,683
0
Admin fee / account holder
$0
median $25
2
Annual return
-87.69%
median 3.29%
Overall peer rank
2of 100
2nd 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 8 by compensation
| Provider | Service type | Compensation |
|---|---|---|
XEROX CORPORATION2+ years Service code 36 · EIN 16-0468020 | Recordkeeping fees; Direct payment fr... | $3,987,685 |
WELLS FARGO & CO2+ years Service code 13 · EIN 94-1347393 | Contract Administrator | $403,014 |
Service code 13 · EIN 23-2259884 | Contract Administrator | $300,538 |
AON CONSULTING INC.1 year Service code 11 · EIN 22-2232264 | Actuarial | $287,781 |
DATABANK IMX LLC2+ years Service code 15 · EIN 25-1921937 | Recordkeeping | $141,692 |
MITCHELL & TITUS, LLP2+ years Service code 10 · EIN 13-2781641 | Accounting | $30,173 |
DUANE MORRIS LLP2+ years Service code 29 · EIN 23-1392502 | Legal | $14,404 |
METROPOLITAN LIFE INSURANCE2+ years Service code 12 · EIN 13-5581829 | Claims processing; Direct payment fro... | $11,730 |
Enrolled actuary
1 attachment
SB
DANIEL F. MCFALL
AON CONSULTING, INC.
Enrollment #1704341
4 OVERLOOK POINT
LINCOLNSHIRE, IL 60069
(847) 295-5000
Signed 2017-09-01
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.
Plan features & details
Pension benefit codes1B3H
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
- InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.
Expense breakdown
Schedule H Part II
Admin total
$23.8M
- Other / not subdivided$24M100.0%
% of EOY assets
-
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