401(k) · DOL Form 5500 · 2023
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-25
- $5.4B
- Total assets Very large vs avg
- 12,824
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $417,799
- Avg per participant High balance/head
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.
- #2,797 in Information & Media (2,818 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 ~844 per filing). Assets: $5.4B.
- #2,797
- in Information & Media (2,818 peers)
- +8.6%
- assets growth YoY
- 54×
- vs typical plan assets (national mean)
Verizon Savings & Security Plan for New York and New England Associates's outsized position by total assets
Verizon Savings & Security Plan for New York and New England Associates vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$5,357,849,923 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Verizon Savings & Security Plan for New York and New England Associates's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verizon Savings & Security Plan for New York and New England Associates is a mega filing (12,824 participants), the rightmost band on the breakdown.
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.
EBSA filing schedule strip
Filing strip 232259884 · Verizon Communications Inc. PY 2023 · 401(k)
Verizon Savings & Security Plan for New York and New England Associates · $5.4B · 12,824 · 100th
- PHOTO $5.4B
- PHOTO 12,824
- PHOTO 100th
- PHOTO 401(k)
- PHOTO near Constellation Employee Savings Plan
- PHOTO ind #2797
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 & Security Plan for New York and New England Associates in the asset neighbourhood
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.)
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
| 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.
- 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 (0.043% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $417,799 per participant (3.0x 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)
Verizon Savings & Security Plan for New York and New England Associates's out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is Constellation Employee Savings Plan in PA ($5.3B); by covered participants it is The Principal Select Savings Plan in IA (12,827 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.4B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (12,824 participants); asset peers above are excluded.
- The Principal Select Savings Plan (IA) 12,827 · 3 off
- Petvet Care Centers Management, LLC Retirement Savings Plan (CT) 12,807 · 17 off
- Bellsouth Savings and Security Plan (TX) 12,774 · 50 off
- H & R Block Retirement Savings Plan (MO) 12,879 · 55 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.