401(k) · DOL Form 5500 · 2022
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-11
- $292M
- Total assets
- 508
- Participants
- 97th
- Percentile by assets
- $574,864
- Avg per participant
Official DOL plan name: Verizon Savings and Security Plan for West Region Hourly Employees · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$292M in assets, 508 participants
Verizon Communications Inc.'s Verizon Savings and Security Plan for West Region Hourly Employees reported $292M in total assets and 508 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,126 plans)
- #2,749 in Information & Media (2,911 peers)
Where Verizon Savings and Security Plan for West Region Hourly Employees sits by assets
Verizon Savings and Security Plan for West Region Hourly Employees sits in the top 5% of all filed plans by assets, $292M for 508 participants (~$574,864/participant), down 25.8% in 2022.
- $292M
- total plan assets (2022 EOY)
- 508
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $574,864
- avg assets per participant
The plan reported a net loss of $102M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Verizon Savings and Security Plan for West Region Hourly Employees vs the 2022 asset distribution
By assets, Verizon Savings and Security Plan for West Region Hourly Employees outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 2.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $394M |
|---|---|
| Net Assets (End of Year) | $292M |
| Net Income | -$102M |
| Employer EIN | 232259884 |
| Plan Effective Date | 1993-09-01 |
| 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 and Security Plan for West Region Hourly Employees 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Verizon Savings and Security Plan for West Region Hourly Employees by total assets, not by location.
- Community Hospital of the Monterey Peninsula Tax-Sheltered Annuity Plan (CA) $292M · 2,531
- Airbus Americas, Inc. 401(k) Savings Plan (VA) $292M · 934
- Cabinetworks Group 401(k) Plan (TX) $292M · 9,073
- Ocwen Financial 401(k) Savings Plan (FL) $292M · 2,025
Frequently Asked Questions
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Ways to act on Verizon Savings and Security Plan for West Region Hourly Employees's numbers.
- By total assets, Verizon Savings and Security Plan for West Region Hourly Employees ranks in the top 5% of all filed plans by assets. 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