Verizon Communications
Verizon Communications Inc. · BASKING RIDGE, NJ · VZ (NYSE) · Information · sponsor EIN 23-2259884 · 4 plans with Schedule H financials, latest plan year 2024
SEC registrant: Verizon Communications Inc.
Largest plan: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES
$29,376,133,902 in assets · 118,299 participants with a balance · plan year 2024-01-01 to 2024-12-31 · full record
98.7% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $52,076,707 ($914.27 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Plan terms
Quoted from Verizon Communications Inc.'s SEC filing covering the period ended 2025-12-31. The figures on this page cover the plan year ended 2024-12-31, a different period: terms may have changed between the two. The plan document governs; these are the filing's own words.
Employer match
“The Plan is funded by participant contributions up to a maximum of 25% of eligible compensation, by employer-matching contributions equal to a percentage of the first 6% of eligible compensation that the participant contributes to the Plan and by profit sharing contributions.”
As stated in Verizon Communications Inc.'s Form 11-K filed 2026-06-22, for the period ended 2025-12-31 (SEC): source document; plan description note, contributions section.
Eligibility
“Covered employees are eligible to make before-tax, after-tax or Roth 401(k) contributions or a combination of all three to the Plan and to receive matching employer contributions upon completion of enrollment in the Plan as soon as practicable following the date of hire.”
As stated in Verizon Communications Inc.'s Form 11-K filed 2026-06-22, for the period ended 2025-12-31 (SEC): source document; plan description note, eligibility section.
Vesting
“A participant shall be fully vested in the employer-matching and profit sharing contributions allocated to his or her account or Employee Stock Ownership Plan (“ESOP”) account and any income thereon upon completing three years of vesting service or upon death, disability, retirement from Verizon or its Participating Affiliates, attainment of normal retirement age, or involuntary termination (other than for cause or in connection with a business transaction).”
As stated in Verizon Communications Inc.'s Form 11-K filed 2026-06-22, for the period ended 2025-12-31 (SEC): source document; plan description note, vesting section.
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby certain newly eligible employees are automatically enrolled in the Plan at a contribution rate of 6% of eligible compensation unless they affirmatively elect not to participate in the Plan or elect to contribute at a different rate.”
As stated in Verizon Communications Inc.'s Form 11-K filed 2026-06-22, for the period ended 2025-12-31 (SEC): source document; plan description note, contributions section.
Plans sponsored
| Plan | Assets | Participants with a balance | Headline | Year |
|---|---|---|---|---|
| VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES | $29,376,133,902 | 118,299 | $34.85 recordkeeping fees per participant | 2024 |
| VERIZON SAVINGS & SECURITY PLAN FOR NEW YORK AND NEW ENGLAND ASSOCIATES | $5,752,649,703 | 16,708 | $7.98 administrative expenses excl. investment management, per participant | 2024 |
| VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES | $3,449,908,718 | 14,951 | $22.94 recordkeeping fees per participant | 2024 |
| VERIZON SAVINGS AND SECURITY PLAN FOR WEST REGION HOURLY EMPLOYEES | $316,433,826 | 2,448 | $34.46 recordkeeping fees per participant | 2024 |
Alerts, claims and corrections
Sponsor name as filed: VERIZON COMMUNICATIONS INC.; SEC registrant: VERIZON COMMUNICATIONS INC (CIK 732712, matched by EIN; display name from the Form 11-K cover).