Verizon Communications Inc. 401(k) Plan: Login, Facts & Contact Information

Verizon Communications Inc. 401(k) Plan Facts

Plan name
VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
VERIZON COMMUNICATIONS INC.
Participants
126,153 (63,563 active employees)
Former employees with a balance
51,403
Plan assets
$29,376,133,902 at Dec 31, 2024
Average account balance
$248,321 across 118,299 accounts
Employer contributions
$462,054,878 in plan year 2024 (36% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1978
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jun 25, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.29 billion went into the plan in contributions, $462.1 million of it from the employer (36%).
  • $3.40 billion was paid out to participants.
  • Investment and other income added $3.72 billion.
  • Administrative expenses were $56.1 million, about $474 per account.

How the Verizon Communications Inc. 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019159,874$26.5 billion$741.4 million$3.95 billion
2020150,596$29.1 billion$500.0 million$2.44 billion
2021143,917$31.1 billion$485.2 million$3.25 billion
2022136,414$25.2 billion$479.9 million$2.00 billion
2023136,215$27.8 billion$477.5 million$2.51 billion
2024126,153$29.4 billion$462.1 million$3.40 billion

Verizon Communications Inc. 401(k) Contact Information

Phone
908-559-2140
Mailing address
ONE VERIZON WAY,, BASKING RIDGE NJ 07920
Plan sponsor
VERIZON COMMUNICATIONS INC.
Plan administrator
VERIZON EMPLOYEE BENEFITS COMMITTEE
Employer identification number (EIN)
23-2259884
Plan number
102

Questions about the Verizon Communications Inc. 401(k)

Does Verizon Communications Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $462.1 million, 36% of all contributions.

Does the Verizon Communications Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Verizon Communications Inc 401(k) plan?

126,153 participants at the start of plan year 2024, 63,563 of them active employees, and 51,403 former employees who still had money in the plan.

What is the average 401(k) balance at Verizon Communications Inc?

About $248,321 per account: $29.4 billion in plan assets across 118,299 accounts with a balance at the end of plan year 2024.

Who manages the Verizon Communications Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Verizon Communications Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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