Plan Name | VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES |
Plan identification number | 102 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | VERIZON COMMUNICATIONS INC. |
Employer identification number (EIN): | 232259884 |
NAIC Classification: | 517000 |
Additional information about VERIZON COMMUNICATIONS INC.
Jurisdiction of Incorporation: | Virginia Secretary of State |
Incorporation Date: | 1988-04-26 |
Company Identification Number: | F057483 |
Legal Registered Office Address: |
4701 Cox Rd Ste 285 Glen Allen United States of America (USA) 23060-6808 |
More information about VERIZON COMMUNICATIONS INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
102 | 2023-01-01 | ||||
102 | 2022-01-01 | ||||
102 | 2021-01-01 | ||||
102 | 2020-01-01 | ||||
102 | 2019-01-01 | ||||
102 | 2018-01-01 | ||||
102 | 2017-01-01 | JONATHAN HAYES | JONATHAN HAYES | 2018-07-24 | |
102 | 2016-01-01 | JONATHAN HAYES | JONATHAN HAYES | 2017-07-11 | |
102 | 2015-01-01 | JONATHAN HAYES | JONATHAN HAYES | 2016-10-11 | |
102 | 2015-01-01 | JONATHAN HAYES | JONATHAN HAYES | 2016-09-29 | |
102 | 2014-01-01 | JONATHAN HAYES | JONATHAN HAYES | 2015-07-28 | |
102 | 2013-01-01 | JONATHAN HAYES | JONATHAN HAYES | 2014-08-22 | |
102 | 2012-01-01 | DONNA CHIFFRILLER | DONNA CHIFFRILLER | 2013-09-10 | |
102 | 2011-01-01 | DONNA CHIFFRILLER | DONNA CHIFFRILLER | 2012-10-16 | |
102 | 2010-01-01 | DONNA CHIFFRILLER | DONNA CHIFFRILLER | 2011-10-27 | |
102 | 2009-01-01 | DONNA CHIFFRILLER |
Measure | Date | Value |
---|---|---|
2023: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2023 401k membership | ||
Total participants, beginning-of-year | 2023-01-01 | 136,215 |
Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 69,218 |
Number of retired or separated participants receiving benefits | 2023-01-01 | 3,180 |
Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 52,753 |
Total of all active and inactive participants | 2023-01-01 | 125,151 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 1,002 |
Total participants | 2023-01-01 | 126,153 |
Number of participants with account balances | 2023-01-01 | 125,451 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 4,372 |
2022: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 136,414 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 78,072 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 3,272 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 53,916 |
Total of all active and inactive participants | 2022-01-01 | 135,260 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 955 |
Total participants | 2022-01-01 | 136,215 |
Number of participants with account balances | 2022-01-01 | 135,204 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 5,232 |
2021: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2021 401k membership | ||
Total participants, beginning-of-year | 2021-01-01 | 143,917 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 76,788 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 3,354 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 55,297 |
Total of all active and inactive participants | 2021-01-01 | 135,439 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 975 |
Total participants | 2021-01-01 | 136,414 |
Number of participants with account balances | 2021-01-01 | 135,184 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 4,119 |
2020: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2020 401k membership | ||
Total participants, beginning-of-year | 2020-01-01 | 150,596 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 86,275 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 1,547 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 55,188 |
Total of all active and inactive participants | 2020-01-01 | 143,010 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 907 |
Total participants | 2020-01-01 | 143,917 |
Number of participants with account balances | 2020-01-01 | 143,294 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 2,588 |
2019: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2019 401k membership | ||
Total participants, beginning-of-year | 2019-01-01 | 159,874 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 87,751 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 3,560 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 58,434 |
Total of all active and inactive participants | 2019-01-01 | 149,745 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 851 |
Total participants | 2019-01-01 | 150,596 |
Number of participants with account balances | 2019-01-01 | 149,413 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 5,051 |
2018: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2018 401k membership | ||
Total participants, beginning-of-year | 2018-01-01 | 158,981 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 95,302 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 3,522 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 60,139 |
Total of all active and inactive participants | 2018-01-01 | 158,963 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 911 |
Total participants | 2018-01-01 | 159,874 |
Number of participants with account balances | 2018-01-01 | 158,643 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 5,315 |
2017: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2017 401k membership | ||
Total participants, beginning-of-year | 2017-01-01 | 159,822 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 103,756 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 3,342 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 51,032 |
Total of all active and inactive participants | 2017-01-01 | 158,130 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 851 |
Total participants | 2017-01-01 | 158,981 |
Number of participants with account balances | 2017-01-01 | 153,010 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 6,432 |
2016: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2016 401k membership | ||
Total participants, beginning-of-year | 2016-01-01 | 166,862 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 109,779 |
Number of retired or separated participants receiving benefits | 2016-01-01 | 3,223 |
Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 46,071 |
Total of all active and inactive participants | 2016-01-01 | 159,073 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 749 |
Total participants | 2016-01-01 | 159,822 |
Number of participants with account balances | 2016-01-01 | 156,890 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 1,228 |
2015: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2015 401k membership | ||
Total participants, beginning-of-year | 2015-01-01 | 144,579 |
Total number of active participants reported on line 7a of the Form 5500 | 2015-01-01 | 120,978 |
Number of retired or separated participants receiving benefits | 2015-01-01 | 3,098 |
Number of other retired or separated participants entitled to future benefits | 2015-01-01 | 41,986 |
Total of all active and inactive participants | 2015-01-01 | 166,062 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-01-01 | 800 |
Total participants | 2015-01-01 | 166,862 |
Number of participants with account balances | 2015-01-01 | 161,361 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2015-01-01 | 8,388 |
2014: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2014 401k membership | ||
Total participants, beginning-of-year | 2014-01-01 | 73,625 |
Total number of active participants reported on line 7a of the Form 5500 | 2014-01-01 | 98,340 |
Number of retired or separated participants receiving benefits | 2014-01-01 | 3,017 |
Number of other retired or separated participants entitled to future benefits | 2014-01-01 | 42,435 |
Total of all active and inactive participants | 2014-01-01 | 143,792 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-01-01 | 787 |
Total participants | 2014-01-01 | 144,579 |
Number of participants with account balances | 2014-01-01 | 144,386 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2014-01-01 | 4,921 |
2013: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2013 401k membership | ||
Total participants, beginning-of-year | 2013-01-01 | 75,916 |
Total number of active participants reported on line 7a of the Form 5500 | 2013-01-01 | 42,674 |
Number of retired or separated participants receiving benefits | 2013-01-01 | 2,822 |
Number of other retired or separated participants entitled to future benefits | 2013-01-01 | 27,792 |
Total of all active and inactive participants | 2013-01-01 | 73,288 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-01-01 | 337 |
Total participants | 2013-01-01 | 73,625 |
Number of participants with account balances | 2013-01-01 | 73,064 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2013-01-01 | 1,028 |
2012: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2012 401k membership | ||
Total participants, beginning-of-year | 2012-01-01 | 78,757 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 44,352 |
Number of retired or separated participants receiving benefits | 2012-01-01 | 3,419 |
Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 27,826 |
Total of all active and inactive participants | 2012-01-01 | 75,597 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 319 |
Total participants | 2012-01-01 | 75,916 |
Number of participants with account balances | 2012-01-01 | 72,572 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-01-01 | 331 |
2011: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2011 401k membership | ||
Total participants, beginning-of-year | 2011-01-01 | 87,322 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 44,166 |
Number of retired or separated participants receiving benefits | 2011-01-01 | 5,250 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 29,030 |
Total of all active and inactive participants | 2011-01-01 | 78,446 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 311 |
Total participants | 2011-01-01 | 78,757 |
Number of participants with account balances | 2011-01-01 | 76,853 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 254 |
2010: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2010 401k membership | ||
Total participants, beginning-of-year | 2010-01-01 | 112,548 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 44,787 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 5,328 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 36,928 |
Total of all active and inactive participants | 2010-01-01 | 87,043 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 279 |
Total participants | 2010-01-01 | 87,322 |
Number of participants with account balances | 2010-01-01 | 86,626 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 368 |
2009: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2009 401k membership | ||
Total participants, beginning-of-year | 2009-01-01 | 73,224 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 67,711 |
Number of retired or separated participants receiving benefits | 2009-01-01 | 4,531 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 35,782 |
Total of all active and inactive participants | 2009-01-01 | 108,024 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 4,524 |
Total participants | 2009-01-01 | 112,548 |
Number of participants with account balances | 2009-01-01 | 95,412 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 614 |
Measure | Date | Value |
---|---|---|
2023 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2023 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
Total income from all sources (including contributions) | 2023-12-31 | $5,225,236,273 |
Total loss/gain on sale of assets | 2023-12-31 | $0 |
Total of all expenses incurred | 2023-12-31 | $2,565,674,696 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $2,508,283,288 |
Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $750,351 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,310,944,895 |
Value of total assets at end of year | 2023-12-31 | $27,825,640,157 |
Value of total assets at beginning of year | 2023-12-31 | $25,166,078,580 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $56,641,057 |
Total interest from all sources | 2023-12-31 | $23,565,486 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
Value of fidelity bond cover | 2023-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
Contributions received from participants | 2023-12-31 | $833,477,695 |
Participant contributions at end of year | 2023-12-31 | $383,470,176 |
Participant contributions at beginning of year | 2023-12-31 | $394,471,100 |
Administrative expenses (other) incurred | 2023-12-31 | $120,332 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Value of net income/loss | 2023-12-31 | $2,659,561,577 |
Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $27,825,640,157 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $25,166,078,580 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
Investment advisory and management fees | 2023-12-31 | $49,896,428 |
Interest on participant loans | 2023-12-31 | $23,565,486 |
Value of interest in master investment trust accounts at end of year | 2023-12-31 | $27,442,169,981 |
Value of interest in master investment trust accounts at beginning of year | 2023-12-31 | $24,771,607,480 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
Contributions received in cash from employer | 2023-12-31 | $477,467,200 |
Employer contributions (assets) at end of year | 2023-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2023-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $2,508,283,288 |
Contract administrator fees | 2023-12-31 | $543,737 |
Did the plan have assets held for investment | 2023-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
Accountancy firm name | 2023-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2023-12-31 | 132781641 |
2022 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2022 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets to this plan | 2022-12-31 | $148,152,515 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-4,008,339,125 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,075,410,353 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,001,626,589 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $1,553,701 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,328,612,224 |
Value of total assets at end of year | 2022-12-31 | $25,166,078,580 |
Value of total assets at beginning of year | 2022-12-31 | $31,101,675,543 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $72,230,063 |
Total interest from all sources | 2022-12-31 | $20,004,893 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Administrative expenses professional fees incurred | 2022-12-31 | $385,715 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $848,715,360 |
Participant contributions at end of year | 2022-12-31 | $394,471,100 |
Participant contributions at beginning of year | 2022-12-31 | $406,119,364 |
Administrative expenses (other) incurred | 2022-12-31 | $846,064 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-6,083,749,478 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $25,166,078,580 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $31,101,675,543 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $62,790,564 |
Interest on participant loans | 2022-12-31 | $20,004,893 |
Value of interest in master investment trust accounts at end of year | 2022-12-31 | $24,771,607,480 |
Value of interest in master investment trust accounts at beginning of year | 2022-12-31 | $30,695,556,179 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $479,896,864 |
Employer contributions (assets) at end of year | 2022-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,001,626,589 |
Contract administrator fees | 2022-12-31 | $8,207,720 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2022-12-31 | 132781641 |
2021 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2021 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total transfer of assets to this plan | 2021-12-31 | $11,619,597 |
Total transfer of assets from this plan | 2021-12-31 | $9,609,403 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $5,354,408,101 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $3,327,604,021 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $3,252,697,706 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $1,565,587 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,382,191,399 |
Value of total assets at end of year | 2021-12-31 | $31,101,675,543 |
Value of total assets at beginning of year | 2021-12-31 | $29,072,861,269 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $73,340,728 |
Total interest from all sources | 2021-12-31 | $23,187,704 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Administrative expenses professional fees incurred | 2021-12-31 | $204,987 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $896,982,926 |
Participant contributions at end of year | 2021-12-31 | $406,119,364 |
Participant contributions at beginning of year | 2021-12-31 | $434,424,537 |
Administrative expenses (other) incurred | 2021-12-31 | $844,299 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $2,026,804,080 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $31,101,675,543 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $29,072,861,269 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $65,424,124 |
Interest on participant loans | 2021-12-31 | $23,187,704 |
Value of interest in master investment trust accounts at end of year | 2021-12-31 | $30,695,556,179 |
Value of interest in master investment trust accounts at beginning of year | 2021-12-31 | $28,638,436,732 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $485,208,473 |
Employer contributions (assets) at end of year | 2021-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $3,252,697,706 |
Contract administrator fees | 2021-12-31 | $6,867,318 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | MITCHELL & TITUS, LPP |
Accountancy firm EIN | 2021-12-31 | 132781641 |
2020 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2020 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total transfer of assets to this plan | 2020-12-31 | $16,637,041 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $5,024,230,875 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $2,507,233,713 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,436,721,894 |
Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $1,051,397 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,397,498,456 |
Value of total assets at end of year | 2020-12-31 | $29,072,861,269 |
Value of total assets at beginning of year | 2020-12-31 | $26,539,227,066 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $69,460,422 |
Total interest from all sources | 2020-12-31 | $25,346,268 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Administrative expenses professional fees incurred | 2020-12-31 | $240,590 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $897,535,775 |
Participant contributions at end of year | 2020-12-31 | $434,424,537 |
Participant contributions at beginning of year | 2020-12-31 | $477,883,466 |
Administrative expenses (other) incurred | 2020-12-31 | $1,066,204 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $2,516,997,162 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $29,072,861,269 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $26,539,227,066 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $61,350,512 |
Interest on participant loans | 2020-12-31 | $25,346,268 |
Value of interest in master investment trust accounts at end of year | 2020-12-31 | $28,638,436,732 |
Value of interest in master investment trust accounts at beginning of year | 2020-12-31 | $25,852,696,568 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $499,962,681 |
Employer contributions (assets) at end of year | 2020-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $208,647,032 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,436,721,894 |
Contract administrator fees | 2020-12-31 | $6,803,116 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
Accountancy firm name | 2020-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2020-12-31 | 132781641 |
2019 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2019 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total transfer of assets from this plan | 2019-12-31 | $40,504,861 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $6,414,968,177 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $4,018,002,398 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $3,951,699,866 |
Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $421,012 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,683,287,824 |
Value of total assets at end of year | 2019-12-31 | $26,539,227,066 |
Value of total assets at beginning of year | 2019-12-31 | $24,182,766,148 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $65,881,520 |
Total interest from all sources | 2019-12-31 | $27,685,693 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Administrative expenses professional fees incurred | 2019-12-31 | $356,375 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $941,848,734 |
Participant contributions at end of year | 2019-12-31 | $477,883,466 |
Participant contributions at beginning of year | 2019-12-31 | $536,277,150 |
Administrative expenses (other) incurred | 2019-12-31 | $855,323 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $2,396,965,779 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $26,539,227,066 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $24,182,766,148 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $58,677,529 |
Interest on participant loans | 2019-12-31 | $27,685,693 |
Value of interest in master investment trust accounts at end of year | 2019-12-31 | $25,852,696,568 |
Value of interest in master investment trust accounts at beginning of year | 2019-12-31 | $23,377,583,107 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $741,439,090 |
Employer contributions (assets) at end of year | 2019-12-31 | $208,647,032 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $268,905,891 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $3,951,699,866 |
Contract administrator fees | 2019-12-31 | $5,992,293 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
Accountancy firm name | 2019-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2019-12-31 | 132781641 |
2018 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2018 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total transfer of assets to this plan | 2018-12-31 | $1,212,231,862 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $943,833,570 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $2,462,149,504 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $2,391,385,849 |
Expenses. Certain deemed distributions of participant loans | 2018-12-31 | $2,601,187 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $1,725,158,639 |
Value of total assets at end of year | 2018-12-31 | $24,182,766,148 |
Value of total assets at beginning of year | 2018-12-31 | $24,488,850,220 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $68,162,468 |
Total interest from all sources | 2018-12-31 | $27,236,558 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Administrative expenses professional fees incurred | 2018-12-31 | $705,139 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $925,925,961 |
Participant contributions at end of year | 2018-12-31 | $536,277,150 |
Participant contributions at beginning of year | 2018-12-31 | $540,217,589 |
Administrative expenses (other) incurred | 2018-12-31 | $1,201,250 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-1,518,315,934 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $24,182,766,148 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $24,488,850,220 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $57,734,182 |
Interest on participant loans | 2018-12-31 | $27,236,558 |
Value of interest in master investment trust accounts at end of year | 2018-12-31 | $23,377,583,107 |
Value of interest in master investment trust accounts at beginning of year | 2018-12-31 | $23,802,805,480 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $799,232,678 |
Employer contributions (assets) at end of year | 2018-12-31 | $268,905,891 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $145,827,151 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $2,391,385,849 |
Contract administrator fees | 2018-12-31 | $8,521,897 |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
Accountancy firm name | 2018-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2018-12-31 | 132781641 |
2017 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2017 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total transfer of assets to this plan | 2017-12-31 | $334,923,188 |
Total transfer of assets from this plan | 2017-12-31 | $7,078,490 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $4,564,032,033 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $2,268,084,630 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $2,199,271,682 |
Expenses. Certain deemed distributions of participant loans | 2017-12-31 | $-17,215 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $1,492,279,007 |
Value of total assets at end of year | 2017-12-31 | $24,488,850,220 |
Value of total assets at beginning of year | 2017-12-31 | $21,865,058,119 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $68,830,163 |
Total interest from all sources | 2017-12-31 | $24,722,450 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Administrative expenses professional fees incurred | 2017-12-31 | $669,646 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $848,540,637 |
Participant contributions at end of year | 2017-12-31 | $540,217,589 |
Participant contributions at beginning of year | 2017-12-31 | $532,011,358 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2017-12-31 | $571,062 |
Administrative expenses (other) incurred | 2017-12-31 | $1,986,431 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $2,295,947,403 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $24,488,850,220 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $21,865,058,119 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $56,742,086 |
Interest on participant loans | 2017-12-31 | $24,722,450 |
Value of interest in master investment trust accounts at end of year | 2017-12-31 | $23,802,805,480 |
Value of interest in master investment trust accounts at beginning of year | 2017-12-31 | $21,229,997,505 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $643,738,370 |
Employer contributions (assets) at end of year | 2017-12-31 | $145,827,151 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $103,049,256 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $2,198,700,620 |
Contract administrator fees | 2017-12-31 | $9,432,000 |
Did the plan have assets held for investment | 2017-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
Accountancy firm name | 2017-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2017-12-31 | 132781641 |
2016 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2016 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total transfer of assets to this plan | 2016-12-31 | $592,488,430 |
Total transfer of assets from this plan | 2016-12-31 | $302,767,853 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $3,472,771,049 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $2,030,968,616 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $1,973,281,757 |
Expenses. Certain deemed distributions of participant loans | 2016-12-31 | $209,955 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,516,707,482 |
Value of total assets at end of year | 2016-12-31 | $21,865,058,119 |
Value of total assets at beginning of year | 2016-12-31 | $20,133,535,109 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $57,476,904 |
Total interest from all sources | 2016-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Administrative expenses professional fees incurred | 2016-12-31 | $639,902 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $891,169,768 |
Participant contributions at end of year | 2016-12-31 | $532,011,358 |
Participant contributions at beginning of year | 2016-12-31 | $544,956,713 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2016-12-31 | $8,368,133 |
Administrative expenses (other) incurred | 2016-12-31 | $1,931,545 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $1,441,802,433 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $21,865,058,119 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $20,133,535,109 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $46,418,204 |
Value of interest in master investment trust accounts at end of year | 2016-12-31 | $21,229,997,505 |
Value of interest in master investment trust accounts at beginning of year | 2016-12-31 | $19,383,774,432 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $625,537,714 |
Employer contributions (assets) at end of year | 2016-12-31 | $103,049,256 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $204,803,964 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $1,964,913,624 |
Contract administrator fees | 2016-12-31 | $8,487,253 |
Did the plan have assets held for investment | 2016-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2016-12-31 | 132781641 |
2015 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2015 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total income from all sources (including contributions) | 2015-12-31 | $1,742,468,105 |
Total loss/gain on sale of assets | 2015-12-31 | $0 |
Total of all expenses incurred | 2015-12-31 | $2,174,360,979 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $2,115,307,651 |
Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $-249,595 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,574,065,309 |
Value of total assets at end of year | 2015-12-31 | $20,133,535,109 |
Value of total assets at beginning of year | 2015-12-31 | $20,565,427,983 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $59,302,923 |
Total interest from all sources | 2015-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Administrative expenses professional fees incurred | 2015-12-31 | $221,665 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $842,520,657 |
Participant contributions at end of year | 2015-12-31 | $544,956,713 |
Participant contributions at beginning of year | 2015-12-31 | $543,489,714 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2015-12-31 | $962,398 |
Other income not declared elsewhere | 2015-12-31 | $-25,883,377 |
Administrative expenses (other) incurred | 2015-12-31 | $1,921,600 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-431,892,874 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $20,133,535,109 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $20,565,427,983 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $47,877,992 |
Value of interest in master investment trust accounts at end of year | 2015-12-31 | $19,383,774,432 |
Value of interest in master investment trust accounts at beginning of year | 2015-12-31 | $19,870,915,064 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $731,544,652 |
Employer contributions (assets) at end of year | 2015-12-31 | $204,803,964 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $151,023,205 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $2,114,345,253 |
Contract administrator fees | 2015-12-31 | $9,281,666 |
Did the plan have assets held for investment | 2015-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
Accountancy firm name | 2015-12-31 | MITCHELL & TITUS, LLP |
Accountancy firm EIN | 2015-12-31 | 132781641 |
2014 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2014 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $0 |
Total transfer of assets to this plan | 2014-12-31 | $6,537,863,837 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $7,515,722 |
Expenses. Interest paid | 2014-12-31 | $1,983,703 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2014-12-31 | $1,983,703 |
Total income from all sources (including contributions) | 2014-12-31 | $2,519,764,032 |
Total loss/gain on sale of assets | 2014-12-31 | $0 |
Total of all expenses incurred | 2014-12-31 | $1,735,056,384 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $1,671,705,593 |
Expenses. Certain deemed distributions of participant loans | 2014-12-31 | $1,059,354 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $1,605,180,277 |
Value of total assets at end of year | 2014-12-31 | $20,565,427,983 |
Value of total assets at beginning of year | 2014-12-31 | $13,250,372,220 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $60,307,734 |
Total interest from all sources | 2014-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Administrative expenses professional fees incurred | 2014-12-31 | $301,724 |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Contributions received from participants | 2014-12-31 | $799,699,738 |
Participant contributions at end of year | 2014-12-31 | $543,489,714 |
Participant contributions at beginning of year | 2014-12-31 | $226,943,307 |
Other income not declared elsewhere | 2014-12-31 | $4,940,465 |
Administrative expenses (other) incurred | 2014-12-31 | $1,669,630 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $784,707,648 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $20,565,427,983 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $13,242,856,498 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Investment advisory and management fees | 2014-12-31 | $50,472,574 |
Value of interest in master investment trust accounts at end of year | 2014-12-31 | $19,870,915,064 |
Value of interest in master investment trust accounts at beginning of year | 2014-12-31 | $12,884,663,437 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Contributions received in cash from employer | 2014-12-31 | $805,480,539 |
Employer contributions (assets) at end of year | 2014-12-31 | $151,023,205 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $138,765,476 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $1,671,705,593 |
Contract administrator fees | 2014-12-31 | $7,863,806 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2014-12-31 | No |
Did the plan have assets held for investment | 2014-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Liabilities. Value of acquisition indebtedness at beginning of year | 2014-12-31 | $7,515,722 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
Accountancy firm name | 2014-12-31 | MITCHELL & TITUS LLP |
Accountancy firm EIN | 2014-12-31 | 132781641 |
2013 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2013 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
Total transfer of assets to this plan | 2013-12-31 | $20,428,500 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $7,515,722 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $36,305,764 |
Expenses. Interest paid | 2013-12-31 | $3,190,444 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2013-12-31 | $3,190,444 |
Total income from all sources (including contributions) | 2013-12-31 | $2,783,040,427 |
Total loss/gain on sale of assets | 2013-12-31 | $0 |
Total of all expenses incurred | 2013-12-31 | $1,265,373,077 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $1,229,230,886 |
Expenses. Certain deemed distributions of participant loans | 2013-12-31 | $201,852 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $927,997,180 |
Value of total assets at end of year | 2013-12-31 | $13,250,372,220 |
Value of total assets at beginning of year | 2013-12-31 | $11,741,066,412 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $32,749,895 |
Total interest from all sources | 2013-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Administrative expenses professional fees incurred | 2013-12-31 | $220,835 |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Contributions received from participants | 2013-12-31 | $536,247,793 |
Participant contributions at end of year | 2013-12-31 | $226,943,307 |
Participant contributions at beginning of year | 2013-12-31 | $220,062,077 |
Other income not declared elsewhere | 2013-12-31 | $-19,926,951 |
Administrative expenses (other) incurred | 2013-12-31 | $1,121,655 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $1,517,667,350 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $13,242,856,498 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $11,704,760,648 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Investment advisory and management fees | 2013-12-31 | $25,820,364 |
Value of interest in master investment trust accounts at end of year | 2013-12-31 | $12,884,663,437 |
Value of interest in master investment trust accounts at beginning of year | 2013-12-31 | $11,452,733,285 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Contributions received in cash from employer | 2013-12-31 | $391,749,387 |
Employer contributions (assets) at end of year | 2013-12-31 | $138,765,476 |
Employer contributions (assets) at beginning of year | 2013-12-31 | $68,271,050 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $1,229,230,886 |
Contract administrator fees | 2013-12-31 | $5,587,041 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2013-12-31 | No |
Did the plan have assets held for investment | 2013-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Liabilities. Value of acquisition indebtedness at end of year | 2013-12-31 | $7,515,722 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2013-12-31 | $36,305,764 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
Accountancy firm name | 2013-12-31 | MITCHELL AND TITUS, LLP |
Accountancy firm EIN | 2013-12-31 | 132781641 |
2012 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2012 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $0 |
Total transfer of assets to this plan | 2012-12-31 | $25,737,709 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $36,305,764 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $64,625,399 |
Expenses. Interest paid | 2012-12-31 | $5,965,414 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2012-12-31 | $5,965,414 |
Total income from all sources (including contributions) | 2012-12-31 | $2,012,071,968 |
Total loss/gain on sale of assets | 2012-12-31 | $0 |
Total of all expenses incurred | 2012-12-31 | $1,096,249,690 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $1,061,119,778 |
Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $960,787 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $767,887,585 |
Value of total assets at end of year | 2012-12-31 | $11,741,066,412 |
Value of total assets at beginning of year | 2012-12-31 | $10,827,826,060 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $28,203,711 |
Total interest from all sources | 2012-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Administrative expenses professional fees incurred | 2012-12-31 | $281,560 |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Contributions received from participants | 2012-12-31 | $451,318,183 |
Participant contributions at end of year | 2012-12-31 | $220,062,077 |
Participant contributions at beginning of year | 2012-12-31 | $221,790,576 |
Other income not declared elsewhere | 2012-12-31 | $545,474 |
Administrative expenses (other) incurred | 2012-12-31 | $4,643,282 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $915,822,278 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $11,704,760,648 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $10,763,200,661 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Investment advisory and management fees | 2012-12-31 | $21,499,345 |
Value of interest in master investment trust accounts at end of year | 2012-12-31 | $11,452,733,285 |
Value of interest in master investment trust accounts at beginning of year | 2012-12-31 | $10,547,499,293 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Contributions received in cash from employer | 2012-12-31 | $316,569,402 |
Employer contributions (assets) at end of year | 2012-12-31 | $68,271,050 |
Employer contributions (assets) at beginning of year | 2012-12-31 | $58,536,191 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $1,061,119,778 |
Contract administrator fees | 2012-12-31 | $1,779,524 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2012-12-31 | No |
Did the plan have assets held for investment | 2012-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Liabilities. Value of acquisition indebtedness at end of year | 2012-12-31 | $36,305,764 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2012-12-31 | $64,625,399 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
Accountancy firm name | 2012-12-31 | MITCHELL AND TITUS, LLP |
Accountancy firm EIN | 2012-12-31 | 132781641 |
2011 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2011 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total transfer of assets from this plan | 2011-12-31 | $17,175,863 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $64,625,399 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $92,589,657 |
Expenses. Interest paid | 2011-12-31 | $8,704,199 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2011-12-31 | $8,704,199 |
Total income from all sources (including contributions) | 2011-12-31 | $1,137,289,729 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $1,027,442,986 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $992,435,756 |
Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $-71,388 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $732,685,473 |
Value of total assets at end of year | 2011-12-31 | $10,827,826,060 |
Value of total assets at beginning of year | 2011-12-31 | $10,763,119,438 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $26,374,419 |
Total interest from all sources | 2011-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Administrative expenses professional fees incurred | 2011-12-31 | $228,310 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $431,965,334 |
Participant contributions at end of year | 2011-12-31 | $221,790,576 |
Participant contributions at beginning of year | 2011-12-31 | $224,102,892 |
Other income not declared elsewhere | 2011-12-31 | $5,411,158 |
Administrative expenses (other) incurred | 2011-12-31 | $5,878,881 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $109,846,743 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $10,763,200,661 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $10,670,529,781 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Investment advisory and management fees | 2011-12-31 | $18,679,457 |
Value of interest in master investment trust accounts at end of year | 2011-12-31 | $10,547,499,293 |
Value of interest in master investment trust accounts at beginning of year | 2011-12-31 | $10,466,082,334 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $300,720,139 |
Employer contributions (assets) at end of year | 2011-12-31 | $58,536,191 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $72,934,212 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $992,435,756 |
Contract administrator fees | 2011-12-31 | $1,587,771 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
Did the plan have assets held for investment | 2011-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Liabilities. Value of acquisition indebtedness at end of year | 2011-12-31 | $64,625,399 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2011-12-31 | $92,589,657 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
Accountancy firm name | 2011-12-31 | MITCHELL AND TITUS, LLP |
Accountancy firm EIN | 2011-12-31 | 132781641 |
2010 : VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2010 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total transfer of assets to this plan | 2010-12-31 | $7,300,471 |
Total transfer of assets from this plan | 2010-12-31 | $221,314,034 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $92,589,657 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $120,303,594 |
Expenses. Interest paid | 2010-12-31 | $11,417,070 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2010-12-31 | $11,417,070 |
Total income from all sources (including contributions) | 2010-12-31 | $2,011,315,125 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $1,190,857,514 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $1,156,926,271 |
Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $-605,981 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $730,284,629 |
Value of total assets at end of year | 2010-12-31 | $10,763,119,438 |
Value of total assets at beginning of year | 2010-12-31 | $10,184,389,327 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $23,120,154 |
Total interest from all sources | 2010-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Administrative expenses professional fees incurred | 2010-12-31 | $300,104 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $408,609,565 |
Participant contributions at end of year | 2010-12-31 | $224,102,892 |
Participant contributions at beginning of year | 2010-12-31 | $239,742,204 |
Other income not declared elsewhere | 2010-12-31 | $8,864,911 |
Administrative expenses (other) incurred | 2010-12-31 | $1,304,384 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $820,457,611 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $10,670,529,781 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $10,064,085,733 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Investment advisory and management fees | 2010-12-31 | $15,867,498 |
Value of interest in master investment trust accounts at end of year | 2010-12-31 | $10,466,082,334 |
Value of interest in master investment trust accounts at beginning of year | 2010-12-31 | $9,900,406,118 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $321,675,064 |
Employer contributions (assets) at end of year | 2010-12-31 | $72,934,212 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $44,241,005 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $1,156,926,271 |
Contract administrator fees | 2010-12-31 | $5,648,168 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
Did the plan have assets held for investment | 2010-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Liabilities. Value of acquisition indebtedness at end of year | 2010-12-31 | $92,589,657 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2010-12-31 | $120,303,594 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | MITCHELL AND TITUS LLP |
Accountancy firm EIN | 2010-12-31 | 132781641 |
2023: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2023 form 5500 responses | ||
---|---|---|
2023-01-01 | Type of plan entity | Single employer plan |
2023-01-01 | Submission has been amended | No |
2023-01-01 | This submission is the final filing | No |
2023-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2023-01-01 | Plan is a collectively bargained plan | No |
2023-01-01 | Plan funding arrangement – Trust | Yes |
2023-01-01 | Plan benefit arrangement - Trust | Yes |
2022: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2022 form 5500 responses | ||
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | Submission has been amended | No |
2021-01-01 | This submission is the final filing | No |
2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-01-01 | Plan is a collectively bargained plan | No |
2021-01-01 | Plan funding arrangement – Trust | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |
2020: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2020 form 5500 responses | ||
2020-01-01 | Type of plan entity | Single employer plan |
2020-01-01 | Submission has been amended | No |
2020-01-01 | This submission is the final filing | No |
2020-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2020-01-01 | Plan is a collectively bargained plan | No |
2020-01-01 | Plan funding arrangement – Trust | Yes |
2020-01-01 | Plan benefit arrangement - Trust | Yes |
2019: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2019 form 5500 responses | ||
2019-01-01 | Type of plan entity | Single employer plan |
2019-01-01 | Submission has been amended | No |
2019-01-01 | This submission is the final filing | No |
2019-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2019-01-01 | Plan is a collectively bargained plan | No |
2019-01-01 | Plan funding arrangement – Trust | Yes |
2019-01-01 | Plan benefit arrangement - Trust | Yes |
2018: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2018 form 5500 responses | ||
2018-01-01 | Type of plan entity | Single employer plan |
2018-01-01 | Submission has been amended | No |
2018-01-01 | This submission is the final filing | No |
2018-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2018-01-01 | Plan is a collectively bargained plan | No |
2018-01-01 | Plan funding arrangement – Trust | Yes |
2018-01-01 | Plan benefit arrangement - Trust | Yes |
2017: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2017 form 5500 responses | ||
2017-01-01 | Type of plan entity | Single employer plan |
2017-01-01 | Submission has been amended | No |
2017-01-01 | This submission is the final filing | No |
2017-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2017-01-01 | Plan is a collectively bargained plan | No |
2017-01-01 | Plan funding arrangement – Trust | Yes |
2017-01-01 | Plan benefit arrangement - Trust | Yes |
2016: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2016 form 5500 responses | ||
2016-01-01 | Type of plan entity | Single employer plan |
2016-01-01 | Submission has been amended | No |
2016-01-01 | This submission is the final filing | No |
2016-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2016-01-01 | Plan is a collectively bargained plan | No |
2016-01-01 | Plan funding arrangement – Trust | Yes |
2016-01-01 | Plan benefit arrangement - Trust | Yes |
2015: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2015 form 5500 responses | ||
2015-01-01 | Type of plan entity | Single employer plan |
2015-01-01 | Submission has been amended | Yes |
2015-01-01 | This submission is the final filing | No |
2015-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2015-01-01 | Plan is a collectively bargained plan | No |
2015-01-01 | Plan funding arrangement – Trust | Yes |
2015-01-01 | Plan benefit arrangement - Trust | Yes |
2014: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2014 form 5500 responses | ||
2014-01-01 | Type of plan entity | Single employer plan |
2014-01-01 | Submission has been amended | No |
2014-01-01 | This submission is the final filing | No |
2014-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2014-01-01 | Plan is a collectively bargained plan | No |
2014-01-01 | Plan funding arrangement – Trust | Yes |
2014-01-01 | Plan benefit arrangement - Trust | Yes |
2013: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2013 form 5500 responses | ||
2013-01-01 | Type of plan entity | Single employer plan |
2013-01-01 | Submission has been amended | No |
2013-01-01 | This submission is the final filing | No |
2013-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2013-01-01 | Plan is a collectively bargained plan | No |
2013-01-01 | Plan funding arrangement – Trust | Yes |
2013-01-01 | Plan benefit arrangement - Trust | Yes |
2012: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2012 form 5500 responses | ||
2012-01-01 | Type of plan entity | Single employer plan |
2012-01-01 | Submission has been amended | No |
2012-01-01 | This submission is the final filing | No |
2012-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2012-01-01 | Plan is a collectively bargained plan | No |
2012-01-01 | Plan funding arrangement – Trust | Yes |
2012-01-01 | Plan benefit arrangement - Trust | Yes |
2011: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2011 form 5500 responses | ||
2011-01-01 | Type of plan entity | Single employer plan |
2011-01-01 | Submission has been amended | No |
2011-01-01 | This submission is the final filing | No |
2011-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2011-01-01 | Plan is a collectively bargained plan | No |
2011-01-01 | Plan funding arrangement – Trust | Yes |
2011-01-01 | Plan benefit arrangement - Trust | Yes |
2010: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2010 form 5500 responses | ||
2010-01-01 | Type of plan entity | Single employer plan |
2010-01-01 | Submission has been amended | No |
2010-01-01 | This submission is the final filing | No |
2010-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2010-01-01 | Plan is a collectively bargained plan | No |
2010-01-01 | Plan funding arrangement – Trust | Yes |
2010-01-01 | Plan benefit arrangement - Trust | Yes |
2009: VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES 2009 form 5500 responses | ||
2009-01-01 | Type of plan entity | Single employer plan |
2009-01-01 | Submission has been amended | No |
2009-01-01 | This submission is the final filing | No |
2009-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2009-01-01 | Plan is a collectively bargained plan | No |
2009-01-01 | Plan funding arrangement – Trust | Yes |
2009-01-01 | Plan benefit arrangement - Trust | Yes |