Defined Benefit (Pension) · DOL Form 5500 · 2024
Verizon Communications Inc. Pension Plan
Data updated 2026-08-25
- $5.7B
- Total assets Very large vs avg
- 22,644
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $251,530
- Avg per participant Above avg balance/head
Official DOL plan name: Verizon Pension Plan for Associates · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media
$5.7B in assets, 22,644 participants
Verizon Communications Inc.'s Verizon Pension Plan for Associates reported $5.7B in total assets and 22,644 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.
- #2,799 in Information & Media (2,822 peers)
Coverage in New Jersey
Verizon Pension Plan for Associates covers 22,644 participants in New Jersey, 27x the typical New Jersey plan (state average ~844 per filing). Assets: $5.7B.
- #2,799
- in Information & Media (2,822 peers)
- -47.9%
- assets change YoY
- 57×
- vs typical plan assets (national mean)
The plan reported a net loss of $5.2B 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 2024 · DOL Form 5500
$5,695,652,215 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 Pension Plan for 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 Pension Plan for Associates is a mega filing (22,644 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Verizon Pension Plan for Associates reported net income fell from -$11M in the plan year 2023 filing to -$5.2B in the plan year 2024 filing.
- Verizon Pension Plan for Associates end-of-year assets fell from $10.9B in the plan year 2023 filing to $5.7B in the plan year 2024 filing.
- Verizon Pension Plan for Associates reported participants fell from 23,778 in the plan year 2023 filing to 22,644 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 232259884 · Verizon Communications Inc. PY 2024 · Defined Benefit (Pension)
Verizon Pension Plan for Associates · $5.7B · 22,644 · 100th
- SCH $5.7B
- SCH 22,644
- SCH 100th
- SCH Defined Benefit (Pension)
- SCH near Ufcw Consolidated Pension Fund
- SCH ind #2799
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) | $5.7B |
| Net Income | -$5.2B |
| 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 $21.1B · 37,882
- JPMorgan Chase Retirement Plan $16.1B · 83,812
- Nokia Retirement Income Plan $12.9B · 7,280
- The Prudential Merged Retirement Plan $12.0B · 16,233
- Merck US Pension Plan $10.1B · 26,843
Scale composition for Verizon Pension Plan for Associates
Verizon Pension Plan for Associates reports $5.7B in end-of-year assets across 22,644 participants (0.046% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.024% of 93,925,755 covered participants) - about $251,530 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2024 was -$5.2B.
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 | Open filing |
| 2024 · index core | 22,644 | $5.7B | 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 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 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 Ufcw Consolidated Pension Fund in GA ($5.6B); by covered participants it is Employees' Retirement Plan of Duke University in NC (22,655 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.7B here).
- Ufcw Consolidated Pension Fund (GA) $5.6B · 184,887
- Kaiser Permanente Employees Pension Plan (CA) $5.6B · 40,879
- Eversource Pension Plan (CT) $5.8B · 3,428
- Triad Defined Benefit Pension Plan (NM) $5.6B · 2,018
Similar participant headcount
Nearest other-state filings by covered participants (22,644 participants); asset peers above are excluded.
- Employees' Retirement Plan of Duke University (NC) 22,655 · 11 off
- Cox Enterprises, Inc. Pension Plan (GA) 22,501 · 143 off
- Exxonmobil Pension Plan (TX) 22,000 · 644 off
- Oregon Retail Employees Pension Plan (OR) 21,971 · 673 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.