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VERIZON PENSION PLAN FOR ASSOCIATES 401k Plan overview

Plan NameVERIZON PENSION PLAN FOR ASSOCIATES
Plan identification number 016

VERIZON PENSION PLAN FOR ASSOCIATES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 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 PENSION PLAN FOR ASSOCIATES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0162022-01-01
0162021-01-01
0162020-01-01
0162019-01-01
0162017-01-01KEVIN CAMMARATA KEVIN CAMMARATA2018-10-13
0162016-01-01KEVIN CAMMARATA KEVIN CAMMARATA2017-10-06

Plan Statistics for VERIZON PENSION PLAN FOR ASSOCIATES

401k plan membership statisitcs for VERIZON PENSION PLAN FOR ASSOCIATES

Measure Date Value
2022: VERIZON PENSION PLAN FOR ASSOCIATES 2022 401k membership
Market value of plan assets2022-12-3115,941,499,448
Acturial value of plan assets2022-12-3115,025,980,852
Funding target for retired participants and beneficiaries receiving payment2022-12-315,604,096,737
Number of terminated vested participants2022-12-3115,592
Fundng target for terminated vested participants2022-12-31768,769,602
Active participant vested funding target2022-12-314,375,727,899
Number of active participants2022-12-3125,746
Total funding liabilities for active participants2022-12-315,441,316,064
Total participant count2022-12-31122,962
Total funding target for all participants2022-12-3111,814,182,403
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-313,319,920,491
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-31345,054,578
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-312,974,865,913
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-313,278,302,236
Total employer contributions2022-12-31200,000,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31187,121,136
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31222,221,895
Net shortfall amortization installment of oustanding balance2022-12-3166,503,787
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31245,986,793
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31245,986,793
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31187,121,136
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01122,962
Total number of active participants reported on line 7a of the Form 55002022-01-0123,778
Number of retired or separated participants receiving benefits2022-01-0167,462
Number of other retired or separated participants entitled to future benefits2022-01-0114,966
Total of all active and inactive participants2022-01-01106,206
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-019,037
Total participants2022-01-01115,243
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: VERIZON PENSION PLAN FOR ASSOCIATES 2021 401k membership
Market value of plan assets2021-12-3116,219,030,699
Acturial value of plan assets2021-12-3114,605,121,533
Funding target for retired participants and beneficiaries receiving payment2021-12-315,864,918,669
Number of terminated vested participants2021-12-3116,847
Fundng target for terminated vested participants2021-12-311,187,971,909
Active participant vested funding target2021-12-314,266,076,067
Number of active participants2021-12-3127,329
Total funding liabilities for active participants2021-12-315,383,148,578
Total participant count2021-12-31127,973
Total funding target for all participants2021-12-3112,436,039,156
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-313,177,980,240
Prefunding balanced used to offset prior years funding requirement2021-12-31328,752,218
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-312,849,228,022
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-313,319,920,491
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31226,302,642
Net shortfall amortization installment of oustanding balance2021-12-311,150,838,114
Total funding amount beforereflecting carryover/prefunding balances2021-12-31345,054,578
Prefunding balance elected to use to offset funding requirement2021-12-31345,054,578
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01127,973
Total number of active participants reported on line 7a of the Form 55002021-01-0125,746
Number of retired or separated participants receiving benefits2021-01-0172,357
Number of other retired or separated participants entitled to future benefits2021-01-0115,592
Total of all active and inactive participants2021-01-01113,695
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-019,267
Total participants2021-01-01122,962
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: VERIZON PENSION PLAN FOR ASSOCIATES 2020 401k membership
Market value of plan assets2020-12-3115,431,172,167
Acturial value of plan assets2020-12-3114,642,396,914
Funding target for retired participants and beneficiaries receiving payment2020-12-316,137,922,092
Number of terminated vested participants2020-12-3117,526
Fundng target for terminated vested participants2020-12-31795,212,473
Active participant vested funding target2020-12-314,333,072,194
Number of active participants2020-12-3128,851
Total funding liabilities for active participants2020-12-315,500,398,626
Total participant count2020-12-31133,539
Total funding target for all participants2020-12-3112,433,533,191
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-313,044,762,678
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-31394,900,058
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-312,649,862,620
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-313,177,980,240
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31231,138,331
Net shortfall amortization installment of oustanding balance2020-12-31969,116,517
Total funding amount beforereflecting carryover/prefunding balances2020-12-31328,752,218
Prefunding balance elected to use to offset funding requirement2020-12-31328,752,218
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01133,539
Total number of active participants reported on line 7a of the Form 55002020-01-0127,329
Number of retired or separated participants receiving benefits2020-01-0174,305
Number of other retired or separated participants entitled to future benefits2020-01-0116,847
Total of all active and inactive participants2020-01-01118,481
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-019,492
Total participants2020-01-01127,973
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: VERIZON PENSION PLAN FOR ASSOCIATES 2019 401k membership
Market value of plan assets2019-12-3113,887,206,009
Acturial value of plan assets2019-12-3114,373,852,752
Funding target for retired participants and beneficiaries receiving payment2019-12-316,453,897,367
Number of terminated vested participants2019-12-3117,481
Fundng target for terminated vested participants2019-12-31717,413,705
Active participant vested funding target2019-12-314,563,826,493
Number of active participants2019-12-3130,747
Total funding liabilities for active participants2019-12-315,773,206,339
Total participant count2019-12-31137,966
Total funding target for all participants2019-12-3112,944,517,411
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-313,682,105,310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-31554,460,032
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-313,127,645,278
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-313,044,762,678
Total employer contributions2019-12-310
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31245,541,144
Net shortfall amortization installment of oustanding balance2019-12-311,615,427,337
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31629,471,087
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-31629,471,087
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01137,966
Total number of active participants reported on line 7a of the Form 55002019-01-0128,851
Number of retired or separated participants receiving benefits2019-01-0177,339
Number of other retired or separated participants entitled to future benefits2019-01-0117,526
Total of all active and inactive participants2019-01-01123,716
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-019,823
Total participants2019-01-01133,539
2018: VERIZON PENSION PLAN FOR ASSOCIATES 2018 401k membership
Market value of plan assets2018-12-3110,090,116,171
Acturial value of plan assets2018-12-319,609,445,382
Funding target for retired participants and beneficiaries receiving payment2018-12-314,811,244,670
Number of terminated vested participants2018-12-319,211
Fundng target for terminated vested participants2018-12-31393,580,613
Active participant vested funding target2018-12-312,431,379,309
Number of active participants2018-12-3117,009
Total funding liabilities for active participants2018-12-313,063,600,870
Total participant count2018-12-3175,079
Total funding target for all participants2018-12-318,268,426,153
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-311,959,783,370
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-31285,708,876
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-311,674,074,494
Present value of excess contributions2018-12-31373,854,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31421,071,659
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31421,071,659
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-312,341,235,104
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31135,302,633
Net shortfall amortization installment of oustanding balance2018-12-311,000,215,875
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31333,964,820
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-31333,964,820
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: VERIZON PENSION PLAN FOR ASSOCIATES 2017 401k membership
Market value of plan assets2017-12-319,280,166,039
Acturial value of plan assets2017-12-319,445,871,321
Funding target for retired participants and beneficiaries receiving payment2017-12-314,913,452,576
Number of terminated vested participants2017-12-319,343
Fundng target for terminated vested participants2017-12-31368,350,034
Active participant vested funding target2017-12-312,278,028,156
Number of active participants2017-12-3118,180
Total funding liabilities for active participants2017-12-312,985,288,664
Total participant count2017-12-3178,206
Total funding target for all participants2017-12-318,267,091,274
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31152,350,270
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-31152,350,270
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-311,845,700,836
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-311,959,783,370
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-311,959,783,370
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-311,959,783,370
Total employer contributions2017-12-31400,000,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31373,854,248
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31140,265,233
Net shortfall amortization installment of oustanding balance2017-12-31781,003,324
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31285,708,876
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-31285,708,876
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31373,854,248
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-0178,206
Total number of active participants reported on line 7a of the Form 55002017-01-0117,009
Number of retired or separated participants receiving benefits2017-01-0143,179
Number of other retired or separated participants entitled to future benefits2017-01-019,211
Total of all active and inactive participants2017-01-0169,399
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-015,680
Total participants2017-01-0175,079
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: VERIZON PENSION PLAN FOR ASSOCIATES 2016 401k membership
Market value of plan assets2016-12-318,021,707,403
Acturial value of plan assets2016-12-318,310,454,832
Funding target for retired participants and beneficiaries receiving payment2016-12-315,023,395,912
Number of terminated vested participants2016-12-3111,333
Fundng target for terminated vested participants2016-12-31399,582,145
Active participant vested funding target2016-12-312,394,073,340
Number of active participants2016-12-3122,213
Total funding liabilities for active participants2016-12-313,131,692,861
Total participant count2016-12-3185,832
Total funding target for all participants2016-12-318,554,670,918
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31163,023,419
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-31163,023,419
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31151,773,531
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31152,350,270
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31152,350,270
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31152,350,270
Total employer contributions2016-12-312,085,552,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-311,939,718,447
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31183,691,556
Net shortfall amortization installment of oustanding balance2016-12-31396,566,356
Total funding amount beforereflecting carryover/prefunding balances2016-12-31246,367,881
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-31152,350,270
Additional cash requirement2016-12-3194,017,611
Contributions allocatedtoward minimum required contributions for current year2016-12-311,939,718,447
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-0185,832
Total number of active participants reported on line 7a of the Form 55002016-01-0118,180
Number of retired or separated participants receiving benefits2016-01-0144,934
Number of other retired or separated participants entitled to future benefits2016-01-019,343
Total of all active and inactive participants2016-01-0172,457
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-015,749
Total participants2016-01-0178,206
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-012

Financial Data on VERIZON PENSION PLAN FOR ASSOCIATES

Measure Date Value
2022 : VERIZON PENSION PLAN FOR ASSOCIATES 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
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$0
Total income from all sources (including contributions)2022-12-31$-3,190,491,269
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,809,501,676
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,787,999,873
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$200,000,000
Value of total assets at end of year2022-12-31$10,941,506,503
Value of total assets at beginning of year2022-12-31$15,941,499,448
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$21,501,803
Total interest from all sources2022-12-31$0
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 year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$8,757,659
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$100,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Administrative expenses (other) incurred2022-12-31$12,744,144
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,999,992,945
Value of net assets at end of year (total assets less liabilities)2022-12-31$10,941,506,503
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,941,499,448
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$10,741,506,503
Value of interest in master investment trust accounts at beginning of year2022-12-31$15,941,499,448
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$200,000,000
Employer contributions (assets) at end of year2022-12-31$200,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,787,999,873
Contract administrator fees2022-12-31$0
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2022-12-31132781641
2021 : VERIZON PENSION PLAN FOR ASSOCIATES 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
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$1,546,673,192
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,824,204,443
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,802,176,691
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$15,941,499,448
Value of total assets at beginning of year2021-12-31$16,219,030,699
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$22,027,752
Total interest from all sources2021-12-31$0
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 year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$8,852,490
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$100,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Administrative expenses (other) incurred2021-12-31$13,175,262
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-277,531,251
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,941,499,448
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$16,219,030,699
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$0
Value of interest in master investment trust accounts at end of year2021-12-31$15,941,499,448
Value of interest in master investment trust accounts at beginning of year2021-12-31$16,219,030,699
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,802,176,691
Contract administrator fees2021-12-31$0
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2021-12-31132781641
2020 : VERIZON PENSION PLAN FOR ASSOCIATES 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
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$2,407,491,430
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,786,952,625
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,765,011,047
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$16,219,030,699
Value of total assets at beginning of year2020-12-31$15,598,491,894
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$21,941,578
Total interest from all sources2020-12-31$0
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 year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$8,556,384
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$100,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Administrative expenses (other) incurred2020-12-31$13,385,194
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$620,538,805
Value of net assets at end of year (total assets less liabilities)2020-12-31$16,219,030,699
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$15,598,491,894
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in master investment trust accounts at end of year2020-12-31$16,219,030,699
Value of interest in master investment trust accounts at beginning of year2020-12-31$15,431,172,168
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$167,319,726
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$167,319,726
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,765,011,047
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2020-12-31132781641
2019 : VERIZON PENSION PLAN FOR ASSOCIATES 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$208,131
Total transfer of assets from this plan2019-12-31$200,010
Total transfer of assets from this plan2019-12-31$200,010
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 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$2,647,404,729
Total income from all sources (including contributions)2019-12-31$2,647,404,729
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,368,592,119
Total of all expenses incurred2019-12-31$1,368,592,119
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,345,878,422
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,345,878,422
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$15,598,491,894
Value of total assets at end of year2019-12-31$15,598,491,894
Value of total assets at beginning of year2019-12-31$14,319,671,163
Value of total assets at beginning of year2019-12-31$14,319,671,163
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$22,713,697
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$22,713,697
Total interest from all sources2019-12-31$0
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
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 year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$8,611,296
Administrative expenses professional fees incurred2019-12-31$8,611,296
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$100,000,000
Value of fidelity bond cover2019-12-31$100,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Administrative expenses (other) incurred2019-12-31$14,102,401
Administrative expenses (other) incurred2019-12-31$14,102,401
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,278,812,610
Value of net income/loss2019-12-31$1,278,812,610
Value of net assets at end of year (total assets less liabilities)2019-12-31$15,598,491,894
Value of net assets at end of year (total assets less liabilities)2019-12-31$15,598,491,894
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$14,319,671,163
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$14,319,671,163
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in master investment trust accounts at end of year2019-12-31$15,431,172,168
Value of interest in master investment trust accounts at end of year2019-12-31$15,431,172,168
Value of interest in master investment trust accounts at beginning of year2019-12-31$13,887,206,009
Value of interest in master investment trust accounts at beginning of year2019-12-31$13,887,206,009
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$167,319,726
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$167,319,726
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$432,465,154
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$432,465,154
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$432,465,154
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$432,465,154
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,345,878,422
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,345,878,422
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MITCHELL & TITUS, LLP
Accountancy firm name2019-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2019-12-31132781641
Accountancy firm EIN2019-12-31132781641
2018 : VERIZON PENSION PLAN FOR ASSOCIATES 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$4,911,408,746
Total transfer of assets from this plan2018-12-31$1,473,072
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$0
Total income from all sources (including contributions)2018-12-31$-254,582,042
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,027,112,220
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,015,114,848
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$0
Value of total assets at end of year2018-12-31$14,319,671,163
Value of total assets at beginning of year2018-12-31$10,691,429,751
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$11,997,372
Total interest from all sources2018-12-31$0
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 year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$4,823,430
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$100,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Administrative expenses (other) incurred2018-12-31$7,173,942
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,281,694,262
Value of net assets at end of year (total assets less liabilities)2018-12-31$14,319,671,163
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$10,691,429,751
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in master investment trust accounts at end of year2018-12-31$13,887,206,009
Value of interest in master investment trust accounts at beginning of year2018-12-31$9,694,129,751
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$432,465,154
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Employer contributions (assets) at beginning of year2018-12-31$997,300,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,015,114,848
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2018-12-31132781641
2017 : VERIZON PENSION PLAN FOR ASSOCIATES 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets from this plan2017-12-31$4,366,885
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$50,161,134
Total income from all sources (including contributions)2017-12-31$2,225,556,237
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$837,242,395
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$824,152,541
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$997,300,000
Value of total assets at end of year2017-12-31$10,691,429,751
Value of total assets at beginning of year2017-12-31$9,357,643,928
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$13,089,854
Total interest from all sources2017-12-31$0
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 year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$5,218,948
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$100,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$50,161,134
Administrative expenses (other) incurred2017-12-31$7,870,906
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,388,313,842
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,691,429,751
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$9,307,482,794
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in master investment trust accounts at end of year2017-12-31$9,694,129,751
Value of interest in master investment trust accounts at beginning of year2017-12-31$7,272,091,928
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$997,300,000
Employer contributions (assets) at end of year2017-12-31$997,300,000
Employer contributions (assets) at beginning of year2017-12-31$2,085,552,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$824,152,541
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2017-12-31132781641
2016 : VERIZON PENSION PLAN FOR ASSOCIATES 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$1,112,343
Total transfer of assets from this plan2016-12-31$331,842,055
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$50,161,134
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$2,605,370,003
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$994,392,002
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$939,673,354
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,085,552,000
Value of total assets at end of year2016-12-31$9,357,643,928
Value of total assets at beginning of year2016-12-31$8,027,234,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$54,718,648
Total interest from all sources2016-12-31$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 year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$4,440,307
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$100,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$19,327,446
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$50,161,134
Administrative expenses (other) incurred2016-12-31$50,278,341
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,610,978,001
Value of net assets at end of year (total assets less liabilities)2016-12-31$9,307,482,794
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$8,027,234,505
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in master investment trust accounts at end of year2016-12-31$7,272,091,928
Value of interest in master investment trust accounts at beginning of year2016-12-31$7,792,987,059
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31Yes
Contributions received in cash from employer2016-12-31$2,085,552,000
Employer contributions (assets) at end of year2016-12-31$2,085,552,000
Employer contributions (assets) at beginning of year2016-12-31$214,920,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$939,673,354
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2016-12-31132781641

Form 5500 Responses for VERIZON PENSION PLAN FOR ASSOCIATES

2022: VERIZON PENSION PLAN FOR ASSOCIATES 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: VERIZON PENSION PLAN FOR ASSOCIATES 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: VERIZON PENSION PLAN FOR ASSOCIATES 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: VERIZON PENSION PLAN FOR ASSOCIATES 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2017: VERIZON PENSION PLAN FOR ASSOCIATES 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VERIZON PENSION PLAN FOR ASSOCIATES 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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