401(k) · DOL Form 5500 · 2023
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-25
- $301M
- Total assets Above avg plan size
- 484
- Participants Below avg headcount
- 96th
- Percentile by assets National rank
- $621,253
- Avg per participant High balance/head
Official DOL plan name: Verizon Savings and Security Plan for West Region Hourly Employees · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$301M in assets, 484 participants
Verizon Communications Inc.'s Verizon Savings and Security Plan for West Region Hourly Employees reported $301M in total assets and 484 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- #2,644 in Information & Media (2,818 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, $301M for 484 participants (~$621,253/participant), up 3.0% in 2023.
- #2,644
- in Information & Media (2,818 peers)
- +3.0%
- assets growth YoY
- 3.0×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$300,686,286 Top 4% higher than 96% 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 and Security Plan for West Region Hourly Employees among mid-size filed plans by headcount
Plan-year 2023 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 (484 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Verizon Savings and Security Plan for West Region Hourly Employees reported net income rose from -$102M in the plan year 2022 filing to $9M in the plan year 2023 filing.
- Verizon Savings and Security Plan for West Region Hourly Employees reported participants fell from 508 in the plan year 2022 filing to 484 in the plan year 2023 filing.
- Verizon Savings and Security Plan for West Region Hourly Employees end-of-year assets rose from $292M in the plan year 2022 filing to $301M in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 232259884 · Verizon Communications Inc. PY 2023 · 401(k)
Verizon Savings and Security Plan for West Region Hourly Employees · $301M · 484 · 96th
- NET $301M
- BOOK 484
- VS-ST 96th
- BOY 401(k)
- SCH near Long Island Electric Utility Servco LLC Incentive Thrift Plan I
- EBSA ind #2644
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
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $292M |
|---|---|
| Net Assets (End of Year) | $301M |
| Net Income | $9M |
| Employer EIN | 232259884 |
| Plan Effective Date | 1993-09-01 |
| 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
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 Long Island Electric Utility Servco LLC Incentive Thrift Plan I in NY ($301M); by covered participants it is Home Bank, N.a. Profit Sharing and 401(k) Plan in LA (484 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($301M here).
- Long Island Electric Utility Servco LLC Incentive Thrift Plan I (NY) $301M · 1,054
- Ventura Foods, LLC Profit Sharing 401(k) Plan (CA) $301M · 2,227
- Savage Companies Retirement & Employee Savings Plan (UT) $301M · 3,786
- Abs 401(k) Savings Plan (TX) $301M · 1,328
Similar participant headcount
Nearest other-state filings by covered participants (484 participants); asset peers above are excluded.
- Home Bank, N.a. Profit Sharing and 401(k) Plan (LA) 484 · 0 off
- Rosina Food Products, Inc. 401(k) Plan (NY) 484 · 0 off
- Culp Inc Employees Ret Builder Plan (NC) 484 · 0 off
- Delmonte Hotel Group 401(k) Plan (NY) 484 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.