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VERIZON PENSION PLAN FOR ASSOCIATES 401k Plan overview

Plan NameVERIZON PENSION PLAN FOR ASSOCIATES
Plan identification number 001

VERIZON PENSION PLAN FOR ASSOCIATES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VERIZON COMMUNICATIONS INC. has sponsored the creation of one or more 401k plans.

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.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VERIZON PENSION PLAN FOR ASSOCIATES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01DONNA CHIFFRILLER DONNA CHIFFRILLER2013-10-15

Plan Statistics for VERIZON PENSION PLAN FOR ASSOCIATES

401k plan membership statisitcs for VERIZON PENSION PLAN FOR ASSOCIATES

Measure Date Value
2012
Total participants, beginning-of-year2012-01-0197,684
Total number of active participants reported on line 7a of the Form 55002012-01-0126,927
Number of retired or separated participants receiving benefits2012-01-0148,975
Number of other retired or separated participants entitled to future benefits2012-01-0113,135
Total of all active and inactive participants2012-01-0189,037
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-016,103
Total participants2012-01-0195,140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0160

Financial Data on VERIZON PENSION PLAN FOR ASSOCIATES

Measure Date Value
2012
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$3,344,168
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$859,439,191
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,135,747,522
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,122,210,615
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$95,568
Value of total assets at end of year2012-12-31$8,926,334,291
Value of total assets at beginning of year2012-12-31$9,199,298,454
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$13,536,907
Total interest from all sources2012-12-31$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 year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$6,659,402
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$100,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Administrative expenses (other) incurred2012-12-31$6,877,505
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-276,308,331
Value of net assets at end of year (total assets less liabilities)2012-12-31$8,926,334,291
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$9,199,298,454
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$0
Value of interest in master investment trust accounts at end of year2012-12-31$8,926,334,291
Value of interest in master investment trust accounts at beginning of year2012-12-31$8,986,909,901
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$95,568
Employer contributions (assets) at beginning of year2012-12-31$212,388,553
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,122,210,615
Contract administrator fees2012-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MITCHELL AND TITUS
Accountancy firm EIN2012-12-31132781641

Form 5500 Responses

2012
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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