Plan Ledger DOL Form 5500 · updated monthly

Verizon Communications Inc.401(k) + ESOP (KSOP)

VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES · BASKING RIDGE, NJ · plan year 2025

Reported admin expense ratio · 2025
0.16%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Verizon Communications Inc. reported $47,150,548 in plan administrative expenses for 2025: 0.16% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,233 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.26% to 0.16%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other information & media employers. By assets it is the 2nd-largest of 2,419 plans among New Jersey employers on file, and the 4th of 2,199 in information & media. In 2025, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 78,072 to 54,665 since 2022.

Plan summary
Net assets, end of year$31,319,296,635
Participants with balances12,068
Active participants54,665
Employer contributions$450,052,029
Employee contributions$821,955,060
Employer contribution per active participant$8,233
Average account balance$2,595,235
Benefits paid to participants$3,446,750,195
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$31.3B · 12,068 accts · $450.1M emplr
2024$29.4B · 118,299 accts · $462.1M emplr
2023$27.8B · 125,451 accts · $477.5M emplr
2022$25.2B · 135,204 accts · $479.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$4,226,317
Investment management$41,944,597
Audit (IQPA)$61,285
Trustee / custodial$552,562
Total administrative$47,150,548
The Verizon Communications Inc. 401(k) match · 2025
Employer contribution per active participant$8,233
Median for plans this size$5,084
2025$8,233 per active participant
2024$7,269 per active participant
2023$6,898 per active participant
2022$6,147 per active participant

Verizon Communications Inc.'s 2025 employer contribution ran above the $5,084 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year3
2025Fidelity
2024Fidelity
2023Fidelity

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$47,150,548 · 0.16%
2024$56,080,620 · 0.20%
2023$56,641,057 · 0.21%
2022$72,230,063 · 0.26%
All plans at this employer4
VERIZON SAVINGS SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES401(k) + ESOP (KSOP)
VERIZON SAVINGS & SECURITY PLAN FOR NEW YORK AND NEW ENGLAND ASSOCIATES401(k) + ESOP (KSOP)
VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES401(k) + ESOP (KSOP)
VERIZON SAVINGS AND SECURITY PLAN FOR WEST REGION HOURLY EMPLOYEES401(k) + ESOP (KSOP)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 232259884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.