401(k) · DOL Form 5500 · 2022
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-06
- $4.9B
- Total assets
- 13,933
- Participants
- 100th
- Percentile by assets
- $354,205
- Avg per participant
Official DOL plan name: Verizon Savings & Security Plan for New York and New England Associates · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$4.9B in assets, 13,933 participants
Verizon Communications Inc.'s Verizon Savings & Security Plan for New York and New England Associates reported $4.9B in total assets and 13,933 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,258 plans)
- #2,892 in Information & Media (2,913 peers)
Coverage in New Jersey
Verizon Savings & Security Plan for New York and New England Associates covers 13,933 participants in New Jersey, 16x the typical New Jersey plan (state average ~865 per filing). Assets: $4.9B.
- $4.9B
- total plan assets (2022 EOY)
- 13,933
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $354,205
- avg assets per participant
The plan reported a net loss of $1.5B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. Verizon Savings & Security Plan for New York and New England Associates reports 13,933 participants - 16x that state average ($4.9B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $6.5B |
|---|---|
| Net Assets (End of Year) | $4.9B |
| Net Income | -$1.5B |
| Employer EIN | 232259884 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Verizon Communications Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 130,329 | $44.2B |
| 2023 | 5 | 127,663 | $47.6B |
| 2024 | 5 | 117,006 | $44.6B |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Verizon Savings & Security Plan for New York and New England Associates vs. nearby 401(k) plans in New Jersey, assets vs. participants
- JPMorgan Chase 401(k) Savings Plan $36.8B · 168,280
- Verizon Savings Plan for Management Employees $25.2B · 76,788
- Johnson and Johnson Savings Plan $21.2B · 43,271
- Pfizer Savings Plan $17.8B · 27,796
- Ernst & Young Retirement Savings Plan $12.4B · 52,975
Scale composition for Verizon Savings & Security Plan for New York and New England Associates
Verizon Savings & Security Plan for New York and New England Associates reports $4.9B in end-of-year assets across 13,933 participants (0.042% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.016% of 89,805,449 covered participants) - about $354,205 per participant (2.6x the national average assets-per-participant) . Net income for plan year 2022 was -$1.5B.
This plan identity (EIN 232259884, plan #011) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.9B to $5.8B (+16.6%) while covered participants moved from 13,933 to 12,658 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 13,933 | $4.9B | This page |
| 2023 | 12,824 | $5.4B | Open filing |
| 2024 · index core | 12,658 | $5.8B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Verizon Savings Plan for Management Employees (401(k), $29.4B, 69,218 participants)
- Verizon Savings & Security Plan for New York and New England Associates (401(k), $5.8B, 12,658 participants)
- Verizon Pension Plan for Associates (Defined Benefit (Pension), $5.7B, 22,644 participants)
- Verizon Savings Security Plan for Mid-Atlantic Associates (401(k), $3.4B, 12,020 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Verizon Savings & Security Plan for New York and New England Associates by total assets, not by location.
- Employees Savings and Retirement Plan of Credit Suisse (NY) $4.9B · 7,119
- Trane Technologies Employee Savings Plan (Esp) (NC) $5.0B · 17,017
- Hdr, Inc. Best Plan and ESOP (NE) $5.0B · 9,716
- Edison 401(k) Savings Plan (CA) $4.9B · 12,970
Frequently Asked Questions
How did Verizon Savings & Security Plan for New York and New England Associates assets move in 2022? ▼
How have Verizon Communications Inc. plan assets changed over time? ▼
Where does Verizon Savings & Security Plan for New York and New England Associates rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Verizon Savings & Security Plan for New York and New England Associates's numbers.
- By total assets, Verizon Savings & Security Plan for New York and New England Associates ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
- Verizon Communications Inc.'s sponsor-wide assets have grown 0.8% since 2022 across 3 plan years on file. More Information & Media plans