Retirement plan
VERIZON PENSION PLAN FOR MID-ATLANTIC AND SOUTH ASSOCIATES
VERIZON COMMUNICATIONS INC.EIN 23-2259884Plan #018PY 2018
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
VERIZON EMPLOYEE BENEFITS COMMITTEE
EIN 384008214
Summary metrics
Total assets (EOY)
$0
-13.5% from 2017
Total participants
0
+3.6% from 2017
Average account balance
$0
No prior year
Annual return
-91.46%
+479.21 pp from 2017
Benchmarks
Peer group
Industry51 - Information
Plan typeDefined benefit
Participants<25
Cohort601 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $25,081
0
Participation rate
0.0%
median 100.0%
0
Avg account balance
$0
median $191,199
0
Admin fee / account holder
$0
median $55
2
Annual return
-91.46%
median -3.91%
Overall peer rank
2of 100
2nd percentileavg across 6 metrics
Analytics
2016 - 2018
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$83K
Not enough data
2 years with per-participant data
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
48,886
Not enough data
2 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$600.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$39K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-91.46%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
Not enough data
2 years with F_SCH_H allocation on file
Service providers
Top 8 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CONDUENT INCORPORATED2 years Service code 36 · EIN 81-2983623 | Direct payment from the plan; Copying... | $4,187,872 |
WELLS FARGO & COMPANY3+ years Service code 13 · EIN 94-1347393 | Contract Administrator | $347,456 |
AON CONSULTING INC.3+ years Service code 11 · EIN 22-2232264 | Actuarial | $286,025 |
VERIZON COMMUNICATIONS INC.2 years Service code 13 · EIN 23-2259884 | Contract Administrator | $268,722 |
DATABANK IMX LLC3+ years Service code 15 · EIN 25-1921937 | Recordkeeping | $168,217 |
MITCHELL & TITUS, LLP3+ years Service code 10 · EIN 13-2781641 | Accounting | $47,380 |
REED SMITH LLP2 years Service code 29 · EIN 25-0749630 | Legal | $14,123 |
DUANE MORRIS LLP2 years Service code 29 · EIN 23-1392502 | Legal | $5,108 |
Enrolled actuary
1 attachment
SB
DANIEL F. MCFALL
AON CONSULTING, INC.
Enrollment #1704341
4 OVERLOOK POINT
LINCOLNSHIRE, IL 60069
(847) 295-5000
Signed 2019-09-20
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 codes1A3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 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
$10.1M
- Other / not subdivided$10M100.0%
% 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