401(k) · DOL Form 5500 · 2023
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-06
- $5.4B
- Total assets
- 12,824
- Participants
- 100th
- Percentile by assets
- $417,799
- 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
$5.4B in assets, 12,824 participants
Verizon Communications Inc.'s Verizon Savings & Security Plan for New York and New England Associates reported $5.4B in total assets and 12,824 participants in its 2023 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 126,618 plans)
- #2,791 in Information & Media (2,812 peers)
Coverage in New Jersey
Verizon Savings & Security Plan for New York and New England Associates covers 12,824 participants in New Jersey, 15x the typical New Jersey plan (state average ~865 per filing). Assets: $5.4B.
- $5.4B
- total plan assets (2023 EOY)
- 12,824
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $417,799
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Verizon Savings & Security Plan for New York and New England Associates reported net income rose from -$1.5B in the plan year 2022 filing to $423M in the plan year 2023 filing.
- Verizon Savings & Security Plan for New York and New England Associates end-of-year assets rose from $4.9B in the plan year 2022 filing to $5.4B in the plan year 2023 filing.
- Verizon Savings & Security Plan for New York and New England Associates reported participants fell from 13,933 in the plan year 2022 filing to 12,824 in the plan year 2023 filing.
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 12,824 participants - 15x that state average ($5.4B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $4.9B |
|---|---|
| Net Assets (End of Year) | $5.4B |
| Net Income | $423M |
| 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 $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Ernst & Young Retirement Savings Plan $15.5B · 59,346
- Merck US Savings Plan $13.4B · 26,850
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 $5.4B in end-of-year assets across 12,824 participants (0.046% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.014% of 89,805,449 covered participants) - about $417,799 per participant (3.1x the national average assets-per-participant) . Net income for plan year 2023 was $423M.
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 | Open filing |
| 2023 | 12,824 | $5.4B | This page |
| 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.
- Constellation Employee Savings Plan (PA) $5.3B · 13,499
- Huntington Ingalls Industries Savings Plan (VA) $5.5B · 35,892
- Takeda Pharmaceutical U.S.a., Inc. Savings and Retirement Plan (MA) $5.5B · 21,791
- The 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its Subsidiaries (NY) $5.2B · 4,843
Frequently Asked Questions
How did Verizon Savings & Security Plan for New York and New England Associates assets move in 2023? ▼
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