401(k) · DOL Form 5500 · 2024
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-25
- $3.4B
- Total assets Very large vs avg
- 12,020
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $287,014
- Avg per participant High balance/head
Official DOL plan name: Verizon Savings Security Plan for Mid-Atlantic Associates · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$3.4B in assets, 12,020 participants
Verizon Communications Inc.'s Verizon Savings Security Plan for Mid-Atlantic Associates reported $3.4B in total assets and 12,020 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.
- #2,790 in Information & Media (2,822 peers)
Coverage in New Jersey
Verizon Savings Security Plan for Mid-Atlantic Associates covers 12,020 participants in New Jersey, 14x the typical New Jersey plan (state average ~844 per filing). Assets: $3.4B.
- #2,790
- in Information & Media (2,822 peers)
- +7.8%
- assets growth YoY
- 35×
- 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 2024 · DOL Form 5500
$3,449,908,718 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 Security Plan for Mid-Atlantic Associates'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 Security Plan for Mid-Atlantic Associates is a mega filing (12,020 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Verizon Savings Security Plan for Mid-Atlantic Associates reported net income fell from $296M in the plan year 2023 filing to $250M in the plan year 2024 filing.
- Verizon Savings Security Plan for Mid-Atlantic Associates end-of-year assets rose from $3.2B in the plan year 2023 filing to $3.4B in the plan year 2024 filing.
- Verizon Savings Security Plan for Mid-Atlantic Associates reported participants fell from 12,505 in the plan year 2023 filing to 12,020 in the plan year 2024 filing.
DOL schedule card
Filing strip 232259884 · Verizon Communications Inc. PY 2024 · 401(k)
Verizon Savings Security Plan for Mid-Atlantic Associates · $3.4B · 12,020 · 100th
- VS-ST $3.4B
- BOY 12,020
- SCH 100th
- EBSA 401(k)
- PART near Whirlpool 401(k) Retirement Plan
- TYPE ind #2790
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
New Jersey filing particulars
| Total Assets (Beginning of Year) | $3.2B |
|---|---|
| Net Assets (End of Year) | $3.4B |
| Net Income | $250M |
| 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 $52.9B · 185,532
- Verizon Savings Plan for Management Employees $29.4B · 69,218
- 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
Scale composition for Verizon Savings Security Plan for Mid-Atlantic Associates
Verizon Savings Security Plan for Mid-Atlantic Associates reports $3.4B in end-of-year assets across 12,020 participants (0.028% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $287,014 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2024 was $250M.
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 | Open filing |
| 2024 · index core | 12,020 | $3.4B | This page |
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 and Security Plan for West Region Hourly Employees (401(k), $316M, 466 participants)
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 Whirlpool 401(k) Retirement Plan in MI ($3.5B); by covered participants it is Energy Transfer LP 401(k) Plan in TX (12,012 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.4B here).
- Whirlpool 401(k) Retirement Plan (MI) $3.5B · 19,016
- Ilwu-Pma Savings (401(k)) Plan (CA) $3.4B · 17,127
- Dupont Retirement Savings Plan (DE) $3.4B · 9,391
- Inova Health System Retirement Savings Plan (VA) $3.5B · 21,716
Similar participant headcount
Nearest other-state filings by covered participants (12,020 participants); asset peers above are excluded.
- Energy Transfer LP 401(k) Plan (TX) 12,012 · 8 off
- Smart National Supplemental Savings Plan (VA) 12,046 · 26 off
- Bellsouth Savings and Security Plan (TX) 11,993 · 27 off
- My 401(k) Plan (OH) 11,993 · 27 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.