401(k) · DOL Form 5500 · 2022

Verizon Communications Inc. 401(k) Plan

Data updated 2026-08-25

$292M
Total assets Near avg plan size
508
Participants Below avg headcount
97th
Percentile by assets National rank
$574,864
Avg per participant High balance/head
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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.

  • #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.

#2,749
in Information & Media (2,911 peers)
-25.8%
assets change YoY
2.9×
vs typical plan assets (national mean)

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's outsized position by total assets

Verizon Savings and Security Plan for West Region Hourly Employees vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$292,030,852 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Verizon Savings and Security Plan for West Region Hourly Employees among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verizon Savings and Security Plan for West Region Hourly Employees sits mid-pack in the medium band (508 participants).

Published 5500 schedule card

Filing strip 232259884 · Verizon Communications Inc. PY 2022 · 401(k)

Verizon Savings and Security Plan for West Region Hourly Employees · $292M · 508 · 97th

  • PHOTO $292M
  • PHOTO 508
  • PHOTO 97th
  • PHOTO 401(k)
  • PHOTO near Community Hospital of the Monterey Peninsula Tax-Sheltered Annuity Plan
  • PHOTO ind #2749

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Information & Media retirement plans → · Plans in New Jersey →

Verizon Savings and Security Plan for West Region Hourly Employees in the asset neighbourhood

Ocwen Financial 401(k) Savings PlanOcwen Financial 401(k) Savin…$292MCabinetworks Group 401(k) PlanCabinetworks Group 401(k) Pl…$292MVerizon Savings and Security Plan for West Region Hourly EmployeesVerizon Savings and Security…$292MCommunity Hospital of the Monterey Peninsula Tax-Sheltered Annuity PlanCommunity Hospital of the Mo…$292MAirbus Americas, Inc. 401(k) Savings PlanAirbus Americas, Inc. 401(k)…$292M
End-of-year total assets ($M) among Verizon Savings and Security Plan for West Region Hourly Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$394M
Net Assets (End of Year)$292M
Net Income-$102M
Employer EIN232259884
Plan Effective Date1993-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Verizon Communications Inc.)

Sponsor-wide plan assets over time

All Verizon Communications Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$44.6B 0.7959808909153021% vs 2022
2024 filing year
$42B$44B$46B$48B 202220232024 $44.2B $44.6B ▲ +0.8%
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 Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants Verizon Savings and Security Plan for West Region Hourly Employees, Total assets ($B): 0.292030852 · Participants: 508Verizon Savings and Security Plan for West Region Hourly EmployeesJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 36.787229834 · Participants: 168280JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 25.16607858 · Participants: 76788Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 21.189900271 · Participants: 43271Johnson and Johnson Savings PlanPfizer Savings Plan, Total assets ($B): 17.828820505 · Participants: 27796Pfizer Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 12.40459021 · Participants: 52975Ernst & Young Retirement Savings Plan
Verizon Savings and Security Plan for West Region Hourly Employees vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Verizon Savings and Security Plan for West Region Hourly Employees side-by-side with 3 peers →

Verizon Savings and Security Plan for West Region Hourly Employees's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Community Hospital of the Monterey Peninsula Tax-Sheltered Annuity Plan in CA ($292M); by covered participants it is Royal Cup, Inc. 401(k) Retirement Plan in AL (508 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($292M here).

Similar participant headcount

Nearest other-state filings by covered participants (508 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Verizon Savings and Security Plan for West Region Hourly Employees assets move in 2022? ▼
Verizon Savings and Security Plan for West Region Hourly Employees declined sharply - down 25.8% during 2022, from $394M to $292M. Reported net income was -$102M.
How have Verizon Communications Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Verizon Communications Inc.'s sponsor-wide assets grew 0.8%, from $44.2B to $44.6B.
Where does Verizon Savings and Security Plan for West Region Hourly Employees rank by assets among Form 5500 filers? ▼
Verizon Savings and Security Plan for West Region Hourly Employees ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Verizon Savings and Security Plan for West Region Hourly Employees? ▼
Among 401(k) plans in other states, the closest by assets is Community Hospital of the Monterey Peninsula Tax-Sheltered Annuity Plan in CA ($292M, 2,531 participants).
Which 401(k) plans cover a similar participant headcount to Verizon Savings and Security Plan for West Region Hourly Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Royal Cup, Inc. 401(k) Retirement Plan in AL (508 participants, $40M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232259884.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.