VERIZON BUSINESS NETWORK SERVICES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan VERIZON PUERTO RICO SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2011: VERIZON PUERTO RICO SAVINGS PLAN 2011 401k membership |
|---|
| Total participants, beginning-of-year | 2011-01-01 | 24 |
| Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 13 |
| 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 | 11 |
| Total of all active and inactive participants | 2011-01-01 | 24 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 0 |
| Total participants | 2011-01-01 | 24 |
| Number of participants with account balances | 2011-01-01 | 24 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2011 : VERIZON PUERTO RICO SAVINGS PLAN 2011 401k financial data |
|---|
| Total income from all sources | 2011-12-31 | $166,537 |
| Expenses. Total of all expenses incurred | 2011-12-31 | $105,239 |
| Benefits paid (including direct rollovers) | 2011-12-31 | $100,824 |
| Total plan assets at end of year | 2011-12-31 | $1,223,493 |
| Total plan assets at beginning of year | 2011-12-31 | $1,162,195 |
| Total contributions received or receivable from participants | 2011-12-31 | $77,809 |
| Other income received | 2011-12-31 | $15,815 |
| Net income (gross income less expenses) | 2011-12-31 | $61,298 |
| Net plan assets at end of year (total assets less liabilities) | 2011-12-31 | $1,223,493 |
| Net plan assets at beginning of year (total assets less liabilities) | 2011-12-31 | $1,162,195 |
| Assets. Value of participant loans | 2011-12-31 | $78,268 |
| Total contributions received or receivable from employer(s) | 2011-12-31 | $72,913 |
| Value of certain deemed distributions of participant loans | 2011-12-31 | $4,180 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2011-12-31 | $235 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
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