401(k) · DOL Form 5500 · 2023

Verizon Communications Inc. 401(k) Plan

Data updated 2026-08-25

$3.2B
Total assets Very large vs avg
12,505
Participants Very large workforce
100th
Percentile by assets National rank
$255,898
Avg per participant Above avg balance/head
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Official DOL plan name: Verizon Savings Security Plan for Mid-Atlantic Associates · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media

$3.2B in assets, 12,505 participants

Verizon Communications Inc.'s Verizon Savings Security Plan for Mid-Atlantic Associates reported $3.2B in total assets and 12,505 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.

  • #2,786 in Information & Media (2,818 peers)

Coverage in New Jersey

Verizon Savings Security Plan for Mid-Atlantic Associates covers 12,505 participants in New Jersey, 15x the typical New Jersey plan (state average ~844 per filing). Assets: $3.2B.

#2,786
in Information & Media (2,818 peers)
+10.2%
assets growth YoY
32×
vs typical plan assets (national mean)

Verizon Savings Security Plan for Mid-Atlantic Associates's outsized position by total assets

Verizon Savings Security Plan for Mid-Atlantic Associates vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,199,999,641 Highest reported value at or above every one of 127,068 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 2023

Verizon Savings Security Plan for Mid-Atlantic 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 Mid-Atlantic Associates is a mega filing (12,505 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 Mid-Atlantic Associates reported net income rose from -$835M in the plan year 2022 filing to $296M in the plan year 2023 filing.
  • Verizon Savings Security Plan for Mid-Atlantic Associates end-of-year assets rose from $2.9B in the plan year 2022 filing to $3.2B in the plan year 2023 filing.
  • Verizon Savings Security Plan for Mid-Atlantic Associates reported participants fell from 13,354 in the plan year 2022 filing to 12,505 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 232259884 · Verizon Communications Inc. PY 2023 · 401(k)

Verizon Savings Security Plan for Mid-Atlantic Associates · $3.2B · 12,505 · 100th

  • EIN $3.2B
  • RANK 12,505
  • PHOTO 100th
  • IND 401(k)
  • EOY near News Corp 401(k) Savings Plan
  • 5500 ind #2786

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 Mid-Atlantic Associates in the asset neighbourhood

Lnc Employees' 401(k) Savings PlanLnc Employees' 401(k) Saving…$3.2BFederal Home Loan Mortgage Corp Thrift/401(k) Savings PlanFederal Home Loan Mortgage C…$3.2BVerizon Savings Security Plan for Mid-Atlantic AssociatesVerizon Savings Security Pla…$3.2BNews Corp 401(k) Savings Plan$3.2BAllina 401(k) Retirement Savings PlanAllina 401(k) Retirement Sav…$3.2B
End-of-year total assets ($B) among Verizon Savings Security Plan for Mid-Atlantic Associates and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$3.2B
Net Income$296M
Employer EIN232259884
Plan Effective Date1984-01-01
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 Security Plan for Mid-Atlantic Associates vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 01020304050 Total assets ($B) Participants Verizon Savings Security Plan for Mid-Atlantic Associates, Total assets ($B): 3.199999641 · Participants: 12505Verizon Savings Security Plan for Mid-Atlantic AssociatesJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Verizon Savings Security Plan for Mid-Atlantic Associates vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Verizon Savings Security Plan for Mid-Atlantic Associates side-by-side with 3 peers →

Scale composition for Verizon Savings Security Plan for Mid-Atlantic Associates

Verizon Savings Security Plan for Mid-Atlantic Associates reports $3.2B in end-of-year assets across 12,505 participants (0.026% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $255,898 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2023 was $296M.

This plan identity (EIN 232259884, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.9B to $3.4B (+18.8%) while covered participants moved from 13,354 to 12,020 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 13,354 $2.9B Open filing
2023 12,505 $3.2B This page
2024 · index core 12,020 $3.4B Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Verizon Savings Security Plan for Mid-Atlantic Associates's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is News Corp 401(k) Savings Plan in NY ($3.2B); by covered participants it is Choctaw Nation of Oklahoma Thrift Plan in OK (12,502 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (12,505 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Verizon Savings Security Plan for Mid-Atlantic Associates assets move in 2023? ▼
Verizon Savings Security Plan for Mid-Atlantic Associates grew at a solid clip - up 10.2% during 2023, from $2.9B to $3.2B. Reported net income was $296M.
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 Security Plan for Mid-Atlantic Associates rank by assets among Form 5500 filers? ▼
Verizon Savings Security Plan for Mid-Atlantic Associates ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Verizon Savings Security Plan for Mid-Atlantic Associates? ▼
Among 401(k) plans in other states, the closest by assets is News Corp 401(k) Savings Plan in NY ($3.2B, 8,910 participants).
Which 401(k) plans cover a similar participant headcount to Verizon Savings Security Plan for Mid-Atlantic Associates? ▼
Among 401(k) plans in other states, the closest by covered participants is Choctaw Nation of Oklahoma Thrift Plan in OK (12,502 participants, $359M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.