Employers › Verizon Communications
Recordkeeping fees per participant · largest plan, Verizon Savings Plan for Management Employees · plan year 2024
$34.85
Higher than 51% of the 790 plans over $1B that report it.
= $4,122,379 / 118,299
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250625074519NAL0011196096001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625074519NAL0011196096001, received 2025-06-25
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-25.
Recordkeeping fees per participantheadline
$34.85
Higher than 51% of the 790 plans over $1B that report it.
= $4,122,379 / 118,299
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250625074519NAL0011196096001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625074519NAL0011196096001, received 2025-06-25
Administrative expenses excluding investment management, per participant
$49.50
Higher than 58% of the 1,045 plans over $1B that report it.
= $5,856,016 / 118,299
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250625074519NAL0011196096001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625074519NAL0011196096001, received 2025-06-25
Administrative expenses per participant
$474.06
Higher than 99% of the 1,076 plans over $1B that report it.
= $56,080,620 / 118,299
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250625074519NAL0011196096001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625074519NAL0011196096001, received 2025-06-25
Administrative expenses as a share of assets
0.191%
Higher than 98% of the 1,076 plans over $1B that report it.
= $56,080,620 / $29,376,133,902
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250625074519NAL0011196096001, received 2025-06-25
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250625074519NAL0011196096001, received 2025-06-25
Employer contributions per participant
$3,906
Higher than 53% of the 1,135 plans over $1B that report it.
= $462,054,878 / 118,299
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250625074519NAL0011196096001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625074519NAL0011196096001, received 2025-06-25
Employer share of total contributions
35.8%
Higher than 60% of the 1,135 plans over $1B that report it.
= $462,054,878 / $1,290,314,740
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250625074519NAL0011196096001, received 2025-06-25
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250625074519NAL0011196096001, received 2025-06-25
98.7% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $52,076,707 ($914.27 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Employer match
“The Plan is funded by participant contributions up to a maximum of 25% of eligible compensation, by employer-matching contributions equal to a percentage of the first 6% of eligible compensation that the participant contributes to the Plan and by profit sharing contributions.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Covered employees are eligible to make before-tax, after-tax or Roth 401(k) contributions or a combination of all three to the Plan and to receive matching employer contributions upon completion of enrollment in the Plan as soon as practicable following the date of hire.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“A participant shall be fully vested in the employer-matching and profit sharing contributions allocated to his or her account or Employee Stock Ownership Plan (“ESOP”) account and any income thereon upon completing three years of vesting service or upon death, disability, retirement from Verizon or its Participating Affiliates, attainment of normal retirement age, or involuntary termination (other than for cause or in connection with a business transaction).”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby certain newly eligible employees are automatically enrolled in the Plan at a contribution rate of 6% of eligible compensation unless they affirmatively elect not to participate in the Plan or elect to contribute at a different rate.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
| Plan | Assets | Participants with a balance | Headline | Year |
|---|---|---|---|---|
| Verizon Savings Plan for Management Employees | $29,376,133,902 | 118,299 | $34.85 recordkeeping fees per participant | 2024 |
| Verizon Savings & Security Plan for New York and New England Associates | $5,752,649,703 | 16,708 | $7.98 administrative expenses excl. investment management, per participant | 2024 |
| Verizon Savings Security Plan for Mid-atlantic Associates | $3,449,908,718 | 14,951 | $22.94 recordkeeping fees per participant | 2024 |
| Verizon Savings and Security Plan for West Region Hourly Employees | $316,433,826 | 2,448 | $34.46 recordkeeping fees per participant | 2024 |
Sponsor name as filed: VERIZON COMMUNICATIONS INC.; SEC registrant: VERIZON COMMUNICATIONS INC (CIK 732712, matched by EIN; display name from the Form 11-K cover).