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VERIZON ENTERPRISES MANAGEMENT PENSION PLAN 401k Plan overview

Plan NameVERIZON ENTERPRISES MANAGEMENT PENSION PLAN
Plan identification number 006

VERIZON ENTERPRISES MANAGEMENT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VERIZON ENTERPRISES MANAGEMENT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0062007-01-01DONNA CHIFFRILLER
0062006-01-01DONNA CHIFFRILLER

Plan Statistics for VERIZON ENTERPRISES MANAGEMENT PENSION PLAN

401k plan membership statisitcs for VERIZON ENTERPRISES MANAGEMENT PENSION PLAN

Measure Date Value
2007
Total participants, beginning-of-year2007-01-015,993
Total number of active participants reported on line 7a of the Form 55002007-01-01212
Number of retired or separated participants receiving benefits2007-01-011,841
Number of other retired or separated participants entitled to future benefits2007-01-013,308
Total of all active and inactive participants2007-01-015,361
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-01406
Total participants2007-01-015,767
Number of participants with account balances2007-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010
2006
Total participants, beginning-of-year2006-01-018,512
Total number of active participants reported on line 7a of the Form 55002006-01-01390
Number of retired or separated participants receiving benefits2006-01-011,777
Number of other retired or separated participants entitled to future benefits2006-01-013,420
Total of all active and inactive participants2006-01-015,587
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-01-01406
Total participants2006-01-015,993
Number of participants with account balances2006-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-010

Form 5500 Responses

2007
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedYes
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes
2006
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedYes
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – TrustYes
2006-01-01Plan benefit arrangement - TrustYes

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