Defined Benefit (Pension) · DOL Form 5500 · 2023
Verizon Communications Inc. Pension Plan
Data updated 2026-08-25
- $10.9B
- Total assets Mega-plan scale
- 23,778
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $459,697
- Avg per participant High balance/head
Official DOL plan name: Verizon Pension Plan for Associates · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$10.9B in assets, 23,778 participants
Verizon Communications Inc.'s Verizon Pension Plan for Associates reported $10.9B in total assets and 23,778 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.
- #2,810 in Information & Media (2,818 peers)
Coverage in New Jersey
Verizon Pension Plan for Associates covers 23,778 participants in New Jersey, 28x the typical New Jersey plan (state average ~844 per filing). Assets: $10.9B.
- #2,810
- in Information & Media (2,818 peers)
- -0.1%
- assets change YoY
- 110×
- vs typical plan assets (national mean)
The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Verizon Pension Plan for Associates's outsized position by total assets
Verizon Pension Plan for Associates vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$10,930,667,796 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 Pension Plan for 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 Pension Plan for Associates is a mega filing (23,778 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Verizon Pension Plan for Associates reported net income rose from -$5.0B in the plan year 2022 filing to -$11M in the plan year 2023 filing.
- Verizon Pension Plan for Associates reported participants fell from 25,746 in the plan year 2022 filing to 23,778 in the plan year 2023 filing.
- Verizon Pension Plan for Associates end-of-year assets fell from $10.9B in the plan year 2022 filing to $10.9B in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 232259884 · Verizon Communications Inc. PY 2023 · Defined Benefit (Pension)
Verizon Pension Plan for Associates · $10.9B · 23,778 · 100th
- IND $10.9B
- IND 23,778
- IND 100th
- IND Defined Benefit (Pension)
- IND near Pfizer Consolidated Pension Plan
- IND ind #2810
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 Pension Plan for Associates in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $10.9B |
|---|---|
| Net Assets (End of Year) | $10.9B |
| Net Income | -$11M |
| Employer EIN | 232259884 |
| Plan Effective Date | 1929-09-01 |
| 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 Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Retirement Plan of Johnson and Johnson $21.2B · 37,749
- JPMorgan Chase Retirement Plan $16.3B · 90,644
- Nokia Retirement Income Plan $13.9B · 7,492
- The Prudential Merged Retirement Plan $12.2B · 16,230
- Merck US Pension Plan $10.2B · 25,223
Scale composition for Verizon Pension Plan for Associates
Verizon Pension Plan for Associates reports $10.9B in end-of-year assets across 23,778 participants (0.089% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.025% of 93,925,755 covered participants) - about $459,697 per participant (3.3x the national average assets-per-participant) . Net income for plan year 2023 was -$11M.
This plan identity (EIN 232259884, plan #016) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $10.9B to $5.7B (-47.9%) while covered participants moved from 25,746 to 22,644 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 25,746 | $10.9B | Open filing |
| 2023 | 23,778 | $10.9B | This page |
| 2024 · index core | 22,644 | $5.7B | 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 Pension Plan for Associates's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Pfizer Consolidated Pension Plan in NY ($11.0B); by covered participants it is Rtx Consolidated Pension Plan in CT (23,823 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10.9B here).
- Pfizer Consolidated Pension Plan (NY) $11.0B · 9,616
- Mayo Pension Plan (MN) $11.0B · 69,155
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. (CA) $10.8B · 19,545
- Fca US LLC UAW Pension Agreement (MI) $11.2B · 13,635
Similar participant headcount
Nearest other-state filings by covered participants (23,778 participants); asset peers above are excluded.
- Rtx Consolidated Pension Plan (CT) 23,823 · 45 off
- Cox Enterprises, Inc. Pension Plan (GA) 24,023 · 245 off
- New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund (NY) 24,024 · 246 off
- Construction Laborers Pension Trust Fund for Southern California (CA) 23,365 · 413 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.