401k Plan data: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS plan

PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 401k Plan overview

Plan Name	PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS
Plan identification number	002

PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

VERIZON BUSINESS GLOBAL LLC has sponsored the creation of one or more 401k plans.

Company Name: VERIZON BUSINESS GLOBAL LLC

Employer identification number (EIN): 900357488

NAIC Classification: 517000

Additional information about VERIZON BUSINESS GLOBAL LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 3923795

More information about VERIZON BUSINESS GLOBAL LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 PHILIP L STORMS PHILIP L STORMS 2012-08-14
002 2009-01-01 PHILIP L STORMS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	PHILIP L STORMS		PHILIP L STORMS	2012-08-14
002	2009-01-01	PHILIP L STORMS

Plan Statistics for PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS

401k plan membership statisitcs for PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS

Measure Date Value
2011: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 2011 401k membership
Total participants, beginning-of-year 2011-01-01 14,673
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 2009 401k membership
Total participants, beginning-of-year 2009-01-01 15,527
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 5,945
Number of retired or separated participants receiving benefits 2009-01-01 1,147
Number of other retired or separated participants entitled to future benefits 2009-01-01 7,854
Total of all active and inactive participants 2009-01-01 14,946
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 256
Total participants 2009-01-01 15,202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 2011 401k membership
Total participants, beginning-of-year	2011-01-01	14,673
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 2009 401k membership
Total participants, beginning-of-year	2009-01-01	15,527
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	5,945
Number of retired or separated participants receiving benefits	2009-01-01	1,147
Number of other retired or separated participants entitled to future benefits	2009-01-01	7,854
Total of all active and inactive participants	2009-01-01	14,946
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	256
Total participants	2009-01-01	15,202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS

Measure	Date	Value
2011 : PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-10-31	$0
Total transfer of assets from this plan	2011-10-31	$299,087,598
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-10-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-10-31	$16,556,228
Total income from all sources (including contributions)	2011-10-31	$-4,350,861
Total loss/gain on sale of assets	2011-10-31	$1,746,414
Total of all expenses incurred	2011-10-31	$19,561,828
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-10-31	$16,600,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-10-31	$0
Value of total assets at end of year	2011-10-31	$0
Value of total assets at beginning of year	2011-10-31	$339,556,515
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-10-31	$2,960,897
Total interest from all sources	2011-10-31	$3,380,994
Total dividends received (eg from common stock, registered investment company shares)	2011-10-31	$326,844
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-10-31	No
Administrative expenses professional fees incurred	2011-10-31	$380,337
Was this plan covered by a fidelity bond	2011-10-31	Yes
Value of fidelity bond cover	2011-10-31	$100,000,000
If this is an individual account plan, was there a blackout period	2011-10-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-10-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-10-31	No
Assets. Other investments not covered elsewhere at end of year	2011-10-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2011-10-31	$1,396,918
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-10-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-10-31	$869,553
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2011-10-31	$16,556,228
Other income not declared elsewhere	2011-10-31	$69,900
Administrative expenses (other) incurred	2011-10-31	$1,228,349
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-10-31	No
Value of net income/loss	2011-10-31	$-23,912,689
Value of net assets at end of year (total assets less liabilities)	2011-10-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2011-10-31	$323,000,287
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-10-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-10-31	No
Were any leases to which the plan was party in default or uncollectible	2011-10-31	No
Assets. partnership/joint venture interests at end of year	2011-10-31	$0
Assets. partnership/joint venture interests at beginning of year	2011-10-31	$12,583,839
Investment advisory and management fees	2011-10-31	$1,352,211
Interest earned on other investments	2011-10-31	$227,495
Income. Interest from US Government securities	2011-10-31	$1,399,633
Income. Interest from corporate debt instruments	2011-10-31	$1,753,866
Value of interest in common/collective trusts at end of year	2011-10-31	$0
Value of interest in common/collective trusts at beginning of year	2011-10-31	$143,027,027
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-10-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-10-31	$476,695
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-10-31	$476,695
Asset value of US Government securities at end of year	2011-10-31	$0
Asset value of US Government securities at beginning of year	2011-10-31	$60,117,163
Net investment gain or loss from common/collective trusts	2011-10-31	$-9,875,013
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-10-31	Yes
Was there a failure to transmit to the plan any participant contributions	2011-10-31	No
Has the plan failed to provide any benefit when due under the plan	2011-10-31	No
Employer contributions (assets) at end of year	2011-10-31	$0
Employer contributions (assets) at beginning of year	2011-10-31	$39,679,000
Income. Dividends from common stock	2011-10-31	$326,844
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-10-31	$16,600,931
Asset. Corporate debt instrument preferred debt at end of year	2011-10-31	$0
Asset. Corporate debt instrument preferred debt at beginning of year	2011-10-31	$32,884,421
Asset. Corporate debt instrument debt (other) at end of year	2011-10-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2011-10-31	$16,102,600
Contract administrator fees	2011-10-31	$0
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	2011-10-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2011-10-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-10-31	$32,419,299
Did the plan have assets held for investment	2011-10-31	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	2011-10-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-10-31	Yes
Aggregate proceeds on sale of assets	2011-10-31	$668,013,235
Aggregate carrying amount (costs) on sale of assets	2011-10-31	$666,266,821
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-10-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-10-31	Disclaimer
Accountancy firm name	2011-10-31	MITCHELL AND TITUS, LLP
Accountancy firm EIN	2011-10-31	132781641
2010 : PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$5,317,893
Total unrealized appreciation/depreciation of assets	2010-12-31	$5,317,893
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$16,556,228
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$56,132,763
Expenses. Interest paid	2010-12-31	$5,742
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	$5,742
Total income from all sources (including contributions)	2010-12-31	$74,064,185
Total loss/gain on sale of assets	2010-12-31	$5,703,887
Total of all expenses incurred	2010-12-31	$24,534,704
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$22,023,141
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$41,699,000
Value of total assets at end of year	2010-12-31	$339,556,515
Value of total assets at beginning of year	2010-12-31	$329,603,569
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$2,505,821
Total interest from all sources	2010-12-31	$3,741,171
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$543,260
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	$323,652
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
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$1,396,918
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$104,100
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$869,553
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$38,438,035
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2010-12-31	$16,556,228
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$56,132,763
Other income not declared elsewhere	2010-12-31	$71,329
Administrative expenses (other) incurred	2010-12-31	$1,409,898
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	$49,529,481
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$323,000,287
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$273,470,806
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
Assets. partnership/joint venture interests at end of year	2010-12-31	$12,583,839
Assets. partnership/joint venture interests at beginning of year	2010-12-31	$11,637,076
Investment advisory and management fees	2010-12-31	$772,271
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$0
Interest earned on other investments	2010-12-31	$14,411
Income. Interest from US Government securities	2010-12-31	$2,013,656
Income. Interest from corporate debt instruments	2010-12-31	$1,713,104
Value of interest in common/collective trusts at end of year	2010-12-31	$143,027,027
Value of interest in common/collective trusts at beginning of year	2010-12-31	$134,757,008
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$476,695
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$8,413
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$8,413
Asset value of US Government securities at end of year	2010-12-31	$60,117,163
Asset value of US Government securities at beginning of year	2010-12-31	$81,722,811
Net investment gain or loss from common/collective trusts	2010-12-31	$16,987,645
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	Yes
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	$41,699,000
Employer contributions (assets) at end of year	2010-12-31	$39,679,000
Employer contributions (assets) at beginning of year	2010-12-31	$0
Income. Dividends from common stock	2010-12-31	$543,260
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$22,023,141
Asset. Corporate debt instrument preferred debt at end of year	2010-12-31	$32,884,421
Asset. Corporate debt instrument preferred debt at beginning of year	2010-12-31	$25,472,899
Asset. Corporate debt instrument debt (other) at end of year	2010-12-31	$16,102,600
Asset. Corporate debt instrument debt (other) at beginning of year	2010-12-31	$11,286,723
Contract administrator fees	2010-12-31	$0
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
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$32,419,299
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$26,176,504
Did the plan have assets held for investment	2010-12-31	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	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
Aggregate proceeds on sale of assets	2010-12-31	$687,610,388
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$681,906,501
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	MITCHELL AND TITUS, LLC
Accountancy firm EIN	2010-12-31	132781641

Form 5500 Responses for PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS

2011: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 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	Yes
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
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
2009: PENSION PLAN FOR EMPLOYEES OF MCI COMMUNICATIONS 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

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Company Name:	VERIZON BUSINESS GLOBAL LLC
Employer identification number (EIN):	900357488
NAIC Classification:	517000

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	3923795