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VERIZON PUERTO RICO SAVINGS PLAN 401k Plan overview

Plan NameVERIZON PUERTO RICO SAVINGS PLAN
Plan identification number 022

VERIZON PUERTO RICO SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.

401k Sponsoring company profile

VERIZON PUERTO RICO LLC has sponsored the creation of one or more 401k plans.

Company Name:VERIZON PUERTO RICO LLC
Employer identification number (EIN):660856936
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VERIZON PUERTO RICO SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0222023-01-01JOHN WADE2024-07-08

Plan Statistics for VERIZON PUERTO RICO SAVINGS PLAN

401k plan membership statisitcs for VERIZON PUERTO RICO SAVINGS PLAN

Measure Date Value
2025: VERIZON PUERTO RICO SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-0318
Total number of particpants at end of year2025-09-0317
Number of Participants With Account Balances2025-09-0317
2024: VERIZON PUERTO RICO SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-0816
Total number of particpants at end of year2024-07-0818
Number of Participants With Account Balances2024-07-0816

Financial Data on VERIZON PUERTO RICO SAVINGS PLAN

Measure Date Value
2025 : VERIZON PUERTO RICO SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-0346908
Net assets as of the end of the plan year2025-09-031647256
Total assets as of the beginning of the plan year2025-09-031502622
Value of plan covered by a fidelity bond2025-09-03100000000
Participant contributions to plan in this plan year2025-09-0322773
Value of participant loans at end of plan year2025-09-036705
Other income to plan in this plan year2025-09-03157280
Plan net income in this plan year2025-09-03144634
Net assets as of the end of the plan year2025-09-031647256
Net assets as of the beginning of the plan year2025-09-031502622
Employer contributions to plan in this plan year2025-09-0311489
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-0312500
2024 : VERIZON PUERTO RICO SAVINGS PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-0844063
Net assets as of the end of the plan year2024-07-081502622
Total assets as of the beginning of the plan year2024-07-081329545
Value of plan covered by a fidelity bond2024-07-08100000000
Participant contributions to plan in this plan year2024-07-0822576
Value of participant loans at end of plan year2024-07-0820334
Other income to plan in this plan year2024-07-08181131
Plan net income in this plan year2024-07-08173077
Net assets as of the end of the plan year2024-07-081502622
Net assets as of the beginning of the plan year2024-07-081329545
Employer contributions to plan in this plan year2024-07-0813433
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-0811053

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