401(k) · DOL Form 5500 · 2024
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-25
- $29.4B
- Total assets Mega-plan scale
- 69,218
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $424,400
- Avg per participant High balance/head
Official DOL plan name: Verizon Savings Plan for Management Employees · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$29.4B in assets, 69,218 participants
Verizon Communications Inc.'s Verizon Savings Plan for Management Employees reported $29.4B in total assets and 69,218 participants in its 2024 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.
- #2,819 in Information & Media (2,822 peers)
Coverage in New Jersey
Verizon Savings Plan for Management Employees covers 69,218 participants in New Jersey, 82x the typical New Jersey plan (state average ~844 per filing). Assets: $29.4B.
- #2,819
- in Information & Media (2,822 peers)
- +5.6%
- assets growth YoY
- 295×
- vs typical plan assets (national mean)
Verizon Savings Plan for Management Employees's outsized position by total assets
Verizon Savings Plan for Management Employees vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$29,376,133,902 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Verizon Savings Plan for Management Employees's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verizon Savings Plan for Management Employees is a mega filing (69,218 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Verizon Savings Plan for Management Employees reported net income fell from $2.7B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
- Verizon Savings Plan for Management Employees reported participants fell from 78,072 in the plan year 2023 filing to 69,218 in the plan year 2024 filing.
- Verizon Savings Plan for Management Employees end-of-year assets rose from $27.8B in the plan year 2023 filing to $29.4B in the plan year 2024 filing.
DOL schedule card
Filing strip 232259884 · Verizon Communications Inc. PY 2024 · 401(k)
Verizon Savings Plan for Management Employees · $29.4B · 69,218 · 100th
- EBSA $29.4B
- PART 69,218
- TYPE 100th
- NET 401(k)
- BOOK near CVS Health Future Fund 401(k) Plan
- VS-ST ind #2819
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 Plan for Management Employees in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $27.8B |
|---|---|
| Net Assets (End of Year) | $29.4B |
| Net Income | $1.6B |
| Employer EIN | 232259884 |
| Plan Effective Date | 1978-01-01 |
| 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 $52.9B · 185,532
- Johnson and Johnson Savings Plan $23.6B · 42,583
- Ernst & Young Retirement Savings Plan $18.3B · 56,714
- Merck US Savings Plan $15.0B · 27,956
- Bristol-Myers Squibb Savings and Investment Program $11.6B · 21,763
Scale composition for Verizon Savings Plan for Management Employees
Verizon Savings Plan for Management Employees reports $29.4B in end-of-year assets across 69,218 participants (0.24% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.074% of 93,925,755 covered participants) - about $424,400 per participant (3.1x the national average assets-per-participant) . Net income for plan year 2024 was $1.6B.
This plan identity (EIN 232259884, plan #102) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $25.2B to $29.4B (+16.7%) while covered participants moved from 76,788 to 69,218 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 76,788 | $25.2B | Open filing |
| 2023 | 78,072 | $27.8B | Open filing |
| 2024 · index core | 69,218 | $29.4B | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- 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 and Security Plan for West Region Hourly Employees (401(k), $316M, 466 participants)
Verizon Savings Plan for Management Employees's out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is CVS Health Future Fund 401(k) Plan in RI ($30.1B); by covered participants it is Circle K Retirement Plan in AZ (68,953 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($29.4B here).
- CVS Health Future Fund 401(k) Plan (RI) $30.1B · 240,493
- Oracle Corporation 401(k) Savings and Investment Plan (CA) $31.0B · 58,962
- Unitedhealth Group 401(k) Savings Plan (MN) $26.6B · 205,460
- Fedex Corporation Retirement Savings Plan (TN) $25.4B · 113,079
Similar participant headcount
Nearest other-state filings by covered participants (69,218 participants); asset peers above are excluded.
- Circle K Retirement Plan (AZ) 68,953 · 265 off
- Intermountain Health 401(k) Plan (UT) 68,360 · 858 off
- Gapshare 401(k) Plan (CA) 70,145 · 927 off
- Southwest Airlines Co. Retirement Savings Plan (TX) 67,820 · 1,398 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.