Retirement plan

VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES

Name: VERIZON COMMUNICATIONS INC. - VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES (2025) Form 5500
Creator: VERIZON COMMUNICATIONS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES, VERIZON COMMUNICATIONS INC.

VERIZON COMMUNICATIONS INC.EIN 23-2259884Plan #004PY 2025

ONE VERIZON WAY, - BASKING RIDGE, NJ 07920908-559-2140

Other plans on this EIN

3 filings

#102Retirement-$31.32B assets #011Retirement-$6.16B assets #105Retirement-$326.2M assets

Prospect flagsHigh assets / participant

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.

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Total assets (EOY)

$3726.1M

+8.0% from 2024

Total participants

15,009

-1.4% from 2024

Average account balance

$253,303

+9.8% from 2024

Annual return

12.36%

-1.07 pp from 2024

Benchmarks

See 151 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort151 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.73B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$253K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

14,710

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$167.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$293

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL11+ years Service code 15 · EIN 04-2647786	Recordkeeping	$412,880
VERIZON COMMUNICATIONS INC.3 years Service code 14 · EIN 23-2259884	Plan Administrator	$176,843
AON CONSULTING5 years Filed as: AON CONSULTING, INC Service code 16 · EIN 22-2232264	Consulting	$61,560
MITCHELL & TITUS, LLP2 years Filed as: MITCHELL TITUS LLP Service code 10 · EIN 13-2781641	Accounting	$61,285
DUANE MORRIS LLP3 years Filed as: DUANE MORRIS Service code 29 · EIN 23-1392502	Legal	$42,973
DONNELLEY FINANCIAL LLC3 years Service code 10 · EIN 34-4829638	Accounting	$21,386
ABEL NOSER SOLUTIONS7 years Service code 27 · EIN 81-2351633	Advisory (Plan)	$12,458
THOMPSON HINE11+ years Filed as: THOMPSON HINE LLP Service code 29 · EIN 34-0575300	Legal	$12,366
CONDUENT HR CONSULTING, LLC8 years Filed as: CONDUENT HR SERVICES LLC Service code 16 · EIN 81-2983623	Consulting	$10,160
BLOOMBERG FINANCE LP6 years Filed as: BLOOMBERG FINANCE Service code 27 · EIN 06-1818168	Advisory (Plan)	$8,112

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$4.3M

$371 / participant

Recordkeeping$322K7.5%
Trustee / custodial$116K2.7%
Investment mgmt$4M84.8%
Legal$62K1.4%
Contract admin$83K1.9%
Other / not subdivided$71K1.7%

% of EOY assets

0.116%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MITCHELL & TITUS
Auditor EIN: 132781641
Audit fees: $61,285
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$253,303

$166,271+52.3%

$98,090+158.2%

$166,271+52.3%

Participation rate

97.4%

79.1%+18.3pp

81.5%+15.9pp

79.1%+18.3pp

Annual return

12.36%

15.58%-3.2pp

37.05%-24.7pp

15.58%-3.2pp

Employer contribution / active EE

$4,580

$4,136+10.7%

$3,606+27.0%

$4,136+10.7%

Participant deferral / active EE

$9,851

$7,214+36.6%

$7,845+25.6%

$7,214+36.6%

Admin fee / account holder

$293

$445-34.2%

$11,815-97.5%

$445-34.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL11+ years

Service code 15 · EIN 04-2647786

Recordkeeping

$412,880

VERIZON COMMUNICATIONS INC.3 years

Service code 14 · EIN 23-2259884

Plan Administrator

$176,843

AON CONSULTING5 years

Filed as: AON CONSULTING, INC

Service code 16 · EIN 22-2232264

Consulting

$61,560

MITCHELL & TITUS, LLP2 years

Filed as: MITCHELL TITUS LLP

Service code 10 · EIN 13-2781641

Accounting

$61,285

DUANE MORRIS LLP3 years

Filed as: DUANE MORRIS

Service code 29 · EIN 23-1392502

Legal

$42,973

DONNELLEY FINANCIAL LLC3 years

Service code 10 · EIN 34-4829638

Accounting

$21,386

ABEL NOSER SOLUTIONS7 years

Service code 27 · EIN 81-2351633

Advisory (Plan)

$12,458

THOMPSON HINE11+ years

Filed as: THOMPSON HINE LLP

Service code 29 · EIN 34-0575300

Legal

$12,366

CONDUENT HR CONSULTING, LLC8 years

Filed as: CONDUENT HR SERVICES LLC

Service code 16 · EIN 81-2983623

Consulting

$10,160

BLOOMBERG FINANCE LP6 years

Filed as: BLOOMBERG FINANCE

Service code 27 · EIN 06-1818168

Advisory (Plan)

$8,112

VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion