401(k) · DOL Form 5500 · 2024
Verizon Communications Inc. 401(k) Plan
Data updated 2026-08-25
- $316M
- Total assets Above avg plan size
- 466
- Participants Below avg headcount
- 96th
- Percentile by assets National rank
- $679,043
- 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
$316M in assets, 466 participants
Verizon Communications Inc.'s Verizon Savings and Security Plan for West Region Hourly Employees reported $316M in total assets and 466 participants in its 2024 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.
- #2,640 in Information & Media (2,822 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, $316M for 466 participants (~$679,043/participant), up 5.2% in 2024.
- #2,640
- in Information & Media (2,822 peers)
- +5.2%
- assets growth YoY
- 3.2×
- 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 2024 · DOL Form 5500
$316,433,826 Top 4% higher than 96% 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 and Security Plan for West Region Hourly Employees among mid-size filed plans by headcount
Plan-year 2024 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 (466 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Verizon Savings and Security Plan for West Region Hourly Employees reported net income rose from $9M in the plan year 2023 filing to $16M in the plan year 2024 filing.
- Verizon Savings and Security Plan for West Region Hourly Employees end-of-year assets rose from $301M in the plan year 2023 filing to $316M in the plan year 2024 filing.
- Verizon Savings and Security Plan for West Region Hourly Employees reported participants fell from 484 in the plan year 2023 filing to 466 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 232259884 · Verizon Communications Inc. PY 2024 · 401(k)
Verizon Savings and Security Plan for West Region Hourly Employees · $316M · 466 · 96th
- EOY $316M
- 5500 466
- ASSETS 96th
- PCT 401(k)
- EIN near Sorenson Communications, LLC. 401(k) Profit Sharing Plan
- RANK ind #2640
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 (2024)
| Total Assets (Beginning of Year) | $301M |
|---|---|
| Net Assets (End of Year) | $316M |
| Net Income | $16M |
| 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 $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
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 Sorenson Communications, LLC. 401(k) Profit Sharing Plan in UT ($317M); by covered participants it is Iroquois Industrial Group LLC 401(k) Profit Sharing Plan & Trust in IL (466 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($316M here).
- Sorenson Communications, LLC. 401(k) Profit Sharing Plan (UT) $317M · 7,056
- Crown Cork & Seal Company, Inc. 401(k) Retirement Savings Plan (PA) $317M · 2,022
- Ionis Pharmaceuticals 401(k) Plan (CA) $316M · 897
- Hexion Inc. Retirement Savings Plan (OH) $317M · 723
Similar participant headcount
Nearest other-state filings by covered participants (466 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.