Home   >   Verizon Savings and Security Plan for New York and New England Associates  >  Form 5500
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Company:
Verizon Communications Inc.

Plan:
Verizon Savings and Security Plan for New York and New England Associates
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Plan Information
Plan Year 01/01/2010 — 12/31/2010
Effective Date of Plan 01/01/1984
Net Assets as of 12/31/2010 $3,694,631,503
Plan Number 11
Plan Type Single Employer
Is the plan collectively bargained? Yes
Did the plan file for an extension of time or the DFVC Program? Yes
Plan Funding Arrangement Trust
Plan Benefit Arrangement Trust

Participant Information as of 12/31/2010
Active (Eligible) Participants 23,657
Retired or separated participants receiving benefits 2,381
Other retired or separated participants entitled to future benefits 9,044
Subtotal 35,082
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 110
Total 35,192
Total number of participants as of 01/01/2010 38,442
Number of participants with account balances 34,501
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 8

Plan Sponsor Information
Address One Verizon Way, Mail Code Vc63N009
Basking Ridge, NJ 07920
Telephone (908) 559-3628
EIN 23-2259884
Industry Code 517000
Named Administrator Donna Chiffriller
Named Plan Sponsor Donna Chiffriller

Plan Administrator Information
Administrator Name Chairperson of The Vebc Verizon Communications Inc.
Address One Verizon Way, Mail Code Vc63N009
Basking Ridge, NJ 07920
Telephone (908) 559-3628
Administrator EIN 23-2259884

Audit Information
Audit Status Audited
Auditor Mitchell and Titus LLP
Auditor EIN 13-2781641
Audit Opinion Unqualified
Audit Type Full Audit

Benefits Provided Under the Plan
Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

  Question Answer Amount
1. During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No  
2. Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No  
3. Were any leases to which the plan was a party in default or classified during the year as uncollectible? No  
4. Were there any nonexempt transactions with any party-in-interest? No  
5. Was this plan covered by a fidelity bond? Yes $100,000,000
6. Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No  
7. Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No  
8. Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No  
9. Did the plan have assets held for investment? No  
10. Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No  
11. Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No  
12. Has the plan failed to provide any benefit when due under the plan? No  
13. If this is an individual account plan, was there a blackout period? No  
14. If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No