Defined Benefit (Pension) · DOL Form 5500 · 2024
Verizon Communications Inc. Pension Plan
Data updated 2026-07-24
- $5.7B
- Total assets
- 22,644
- Participants
- 100th
- Percentile by assets
- $251,530
- Avg per participant
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.
- 100th percentile by assets (of 116,472 plans)
Coverage in New Jersey
Verizon Pension Plan for Associates covers 22,644 participants in New Jersey, 26x the typical New Jersey plan (state average ~865 per filing). Assets: $5.7B.
- $5.7B
- total plan assets (2024 EOY)
- 22,644
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $251,530
- avg assets per participant
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.
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.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. Verizon Pension Plan for Associates reports 22,644 participants - 26x that state average ($5.7B EOY assets).
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.)
| 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.
Verizon Pension Plan for Associates vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Verizon Pension Plan for Associates by total assets, not by location.
- 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
Frequently Asked Questions
How did Verizon Pension Plan for Associates assets move in 2024? ▼
How have Verizon Communications Inc. plan assets changed over time? ▼
Where does Verizon Pension Plan for Associates rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Verizon Pension Plan for Associates? ▼
Next read for Verizon Pension Plan for Associates
Filing takeaways
Ways to act on Verizon Pension Plan for Associates's numbers.
- By total assets, Verizon Pension Plan for Associates ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Verizon Communications Inc.'s sponsor-wide assets have grown 0.8% since 2022 across 3 plan years on file. More Information & Media plans
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232259884.
Read our methodology - how this data is sourced, computed, and verified.