Verizon Communications Inc. 401(k) match: 6% max
Verizon Savings Plan for Management Employees · VZ · CIK 732712
Maximum employer match, as a share of pay
6%
Verizon Communications Inc. matches 100% (dollar-for-dollar) of the first 6% of pay.
Verizon Communications' Form 11-K filings for plan year 2025 describe four separate 401(k) plans. The terms on this page are read from the Verizon Savings Plan for Management Employees. Not all of them state a match formula, so each one is listed below with the group it covers and what its filing says.
From the Form 11-K filed June 22, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: which plan you are in · what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
Which Verizon Communications 401(k) plan are you in?
Verizon Communications' Form 11-K filings for this plan year describe four plans, and not all of them state a match formula. Find the plan you are in before you take a number off this page. The terms in the rest of the page are read from the Verizon Savings Plan for Management Employees.
Verizon Savings Plan for Management Employees (the plan this page answers for)
The filing states no limit on who this plan covers · Form 11-K ↗
6% of pay, at most
Verizon Savings and Security Plan for Mid-Atlantic Associates
The filing states no limit on who this plan covers · Form 11-K ↗
Match not stated as a formula
Verizon Savings and Security Plan for New York and New England Associates
The filing states no limit on who this plan covers · Form 11-K ↗
Match not stated as a formula
Verizon Savings and Security Plan for West Region Hourly Employees
Hourly employees in the West Region · Form 11-K ↗
Match not stated as a formula
One row per plan, taken from the four Form 11-K reports this site has read for the plan year ended December 31, 2025. Each maximum comes from that plan’s own filing and describes only that plan.
What Verizon Communications puts in, and what the plan costs
What Verizon Communications put into the plan, per active participant
$7,269
Verizon Communications Inc. put $7,269 into this plan for each of its 63,563 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Verizon Communications put in more per active participant than 87% of plans with 5,000+ participants in media, telecom and information. The middle plan in that group of 62 reported $3,707. Media, telecom and information comes from business code 517000, which Verizon Communications entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Verizon Communications pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 232259884, plan 102 · DOL EFAST2 ↗
The $7,269 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Verizon Communications Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,970 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Verizon Communications puts in
$2,970
a year, at a $49,500 salary.
The match paragraph, word for word
“The Plan is funded by employee contributions up to a maximum of 50% of eligible compensation (16% for highly compensated employees as defined in the Plan Document) and by employer-matching and profit sharing contributions. For management employees, union represented Verizon Wireless employees and certain union represented employees eligible to participate in the Plan, the employer-matching contributions are equivalent in value to 100% of the first 6% of eligible compensation that the participant contributes to the Plan. For all other union represented employees eligible to participate in the Plan, the employer-matching contributions are equivalent to 100% of the first 4% and 50% of the next 2% of eligible compensation that the participant contributes to the Plan. Employees attaining the age of 50 or older can elect to make additional catch-up contributions to the Plan. Contributions are subject to certain Internal Revenue Service (“IRS”) limitations.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 4% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are always vested in the value of their contributions and earnings thereon. A participant shall be fully vested in the employer-matching and profit sharing contributions allocated to his or her account or Employee Stock Ownership Plan (“ESOP”) account and any income thereon upon completing three years of vesting service or upon death, disability, retirement from Verizon or its Participating Affiliates, attainment of normal retirement age, or involuntary termination (other than for cause).”
The match starts with the job. This is a filed term, and it does not move the score above.
Eligibility, word for word
“Covered employees are eligible to make before-tax, after-tax or Roth 401(k) contributions or a combination of all three contributions to the Plan and to receive employer-matching contributions upon completion of enrollment in the Plan as soon as practicable following the date of hire. Covered employees who are employed by Verizon or its Participating Affiliates on the last day of the year or who satisfy certain other requirements may receive employer annual discretionary awards (“profit sharing contributions”) under the Plan.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
100th percentile
$444.54 per participant in plan-paid administrative cost, more expensive than 100% of plans with 5,000+ participants.
What is Verizon Communications' 401(k) match formula?
Verizon Communications' 401(k) employer match tops out at 6% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 6% of pay |
|---|---|
| Maximum employer match | 6% of compensation |
| Conditions | The 100 percent of the first 6 percent rate covers management employees, union represented Verizon Wireless employees and certain union represented employees. For all other union represented employees eligible for this Plan the match is 100% of the first 4% and 50% of the next 2% of eligible compensation. |
| Other employer contribution | Employer annual discretionary awards (profit sharing contributions) for covered employees employed on the last day of the year or who satisfy certain other requirements; there was no profit sharing contribution made for 2025 |
At a $45,000 salary, contributing 6% ($2,700) earns the full employer match of $2,700 for the year.
What the filing says, word for word
“The Plan is funded by employee contributions up to a maximum of 50% of eligible compensation (16% for highly compensated employees as defined in the Plan Document) and by employer-matching and profit sharing contributions. For management employees, union represented Verizon Wireless employees and certain union represented employees eligible to participate in the Plan, the employer-matching contributions are equivalent in value to 100% of the first 6% of eligible compensation that the participant contributes to the Plan. For all other union represented employees eligible to participate in the Plan, the employer-matching contributions are equivalent to 100% of the first 4% and 50% of the next 2% of eligible compensation that the participant contributes to the Plan. Employees attaining the age of 50 or older can elect to make additional catch-up contributions to the Plan. Contributions are subject to certain Internal Revenue Service (“IRS”) limitations.”
Source: Form 11-K filed June 22, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Verizon Communications' 401(k) vesting schedule?
Verizon Communications vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | Full vesting upon death, disability, retirement from Verizon or its Participating Affiliates, attainment of normal retirement age, or involuntary termination other than for cause |
| Other employer contributions | Profit sharing contributions vest on the same three-year basis as matching contributions |
Vesting, word for word
“Participants are always vested in the value of their contributions and earnings thereon. A participant shall be fully vested in the employer-matching and profit sharing contributions allocated to his or her account or Employee Stock Ownership Plan (“ESOP”) account and any income thereon upon completing three years of vesting service or upon death, disability, retirement from Verizon or its Participating Affiliates, attainment of normal retirement age, or involuntary termination (other than for cause).”
Source: Form 11-K filed June 22, 2026, SEC EDGAR · SEC ↗
Who can join Verizon Communications' 401(k), and is enrollment automatic?
Verizon Communications enrolls new hires automatically at 6% of pay.
| Plan entry | Covered employees may contribute and receive employer-matching contributions upon completion of enrollment in the Plan as soon as practicable following the date of hire |
|---|---|
| Match eligibility | Upon completion of enrollment in the Plan as soon as practicable following the date of hire |
| Automatic enrollment | Yes: default deferral 6% of pay; default investment: Target Date Fund corresponding most closely with the year the participant will turn age 65 |
Eligibility, word for word
“Covered employees are eligible to make before-tax, after-tax or Roth 401(k) contributions or a combination of all three contributions to the Plan and to receive employer-matching contributions upon completion of enrollment in the Plan as soon as practicable following the date of hire. Covered employees who are employed by Verizon or its Participating Affiliates on the last day of the year or who satisfy certain other requirements may receive employer annual discretionary awards (“profit sharing contributions”) under the Plan.”
Automatic enrollment, word for word
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan at a contribution rate of 6% of eligible compensation unless they affirmatively elect not to participate in the Plan or elect to contribute at a different rate. Contributions for an automatically enrolled participant are invested in the Target Date Fund that corresponds most closely with the year the participant will turn age 65, until changed by the participant.”
Source: Form 11-K filed June 22, 2026, SEC EDGAR · SEC ↗
What does the Verizon Communications plan report on Form 5500?
The Verizon Communications plan reported $29.4B in assets and 126,153 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Verizon Savings Plan For Management Employees |
|---|---|
| Total plan assets | $29,376,133,902 |
| Participants | 126,153 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $444.54 |
How that cost compares
This plan pays $444.54 per participant. The median across plans in media, telecom and information is $121.00, from the 1,035 of 1,108 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
How does Verizon Communications' 401(k) match compare?
Verizon Communications Inc.'s maximum 401(k) match of 6% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in media, telecom and information, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also in media, telecom and information.
Match formula not disclosed in the filing. Also in media, telecom and information.
Maximum match 4% of pay. Also in media, telecom and information.
Maximum match 6% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 7% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same 3-year cliff as Verizon Communications.
Compare Verizon Communications Inc. with any company, side by side
What do Verizon Communications' other 401(k) plans say?
Verizon Savings and Security Plan for Mid-Atlantic Associates
The filing states no limit on who this plan covers
Verizon Communications Inc.'s match terms are set by collective bargaining agreements; the 11-K for the plan year ended December 31, 2025 does not state a single formula.
- Employer match vesting
- Cliff: 100% vested after 3 years of service
- Automatic enrollment
- Yes: default deferral 6% of pay; default investment: Target Date Fund corresponding most closely with the year the participant will turn age 65, the qualified default investment alternative designated by the Plan administrator
What the filing says, word for word
“The Plan is funded by employee contributions up to a maximum of 25% of eligible compensation, by profit sharing contributions, and by employer-matching contributions equal to a percentage of the initial 6% of eligible compensation that the participant contributes to the Plan. The matching contribution percentage is specified by the Plan or the participant’s collective bargaining agreement, as applicable, and different percentages may apply to participants in certain bargaining groups who are not eligible to earn pension benefits. Employees attaining the age of 50 or older can elect to make additional catch-up contributions to the Plan. Contributions are subject to certain Internal Revenue Service ("IRS") limitations.”
Verizon Savings and Security Plan for New York and New England Associates
The filing states no limit on who this plan covers
Verizon Communications Inc.'s match terms are set by collective bargaining agreements; the 11-K for the plan year ended December 31, 2025 does not state a single formula.
- Employer match vesting
- Cliff: 100% vested after 3 years of service
- Automatic enrollment
- Not mentioned in the filing (not proof of absence)
What the filing says, word for word
“The Plan is funded by employee contributions up to a maximum of 25% of eligible compensation, by profit sharing contributions, and subject to applicable collective bargaining agreements, by employer-matching contributions equal to a percentage of the initial 6% of eligible compensation that the participant contributes to the Plan. The matching contribution percentage is specified by the Plan or the participant’s collective bargaining agreement, as applicable, and different percentages may apply to participants in certain bargaining groups who are not eligible to earn pension benefits. The qualified default investment alternative designated by the Plan administrator is the Target Fund that corresponds most closely to the year the participant will turn age 65. Employees attaining the age of 50 or older can elect to make additional catch-up contributions to the Plan. Contributions are subject to certain Internal Revenue Service (“IRS”) limitations.”
Verizon Savings and Security Plan for West Region Hourly Employees
Hourly employees in the West Region
Verizon Communications Inc.'s match terms are set by collective bargaining agreements; the 11-K for the plan year ended December 31, 2025 does not state a single formula.
- Employer match vesting
- Cliff: 100% vested after 3 years of service
- Automatic enrollment
- Yes: default deferral 6% of pay; default investment: Target Date Fund corresponding most closely with the year the participant will turn age 65 (qualified default investment alternative designated by the Plan administrator)
What the filing says, word for word
“The Plan is funded by participant contributions up to a maximum of 25% of eligible compensation, by employer-matching contributions equal to a percentage of the first 6% of eligible compensation that the participant contributes to the Plan and by profit sharing contributions. The matching contribution percentage is specified by the Plan or the participant's collective bargaining agreement, as applicable, and different percentages may apply to participants in certain bargaining groups who are not eligible to earn pension benefits.”
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 22, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Verizon Communications Inc.'s 401(k) match?
Verizon Communications Inc. matches 100% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the Verizon Communications Inc. 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does Verizon Communications Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay; default investment: Target Date Fund corresponding most closely with the year the participant will turn age 65.
Cite: 401(k) Monitor, “Verizon Communications Inc. 401(k) plan facts”, from SEC Form 11-K accession 0000732712-26-000033, plan year ended 2025-12-31.