We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Verizon Communications Inc | NYSE:VZ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 38.93 | 39.195 | 38.75 | 39.02 | 13,195,567 | 00:59:44 |
|
|
|
Page(s)
|
|
|
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
|
|
|
|
FINANCIAL STATEMENTS
|
|
|
|
Statements of Net Assets Available for Benefits as of December 31, 2018 and 2017
|
|
|
|
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2018
|
|
|
|
Notes to Financial Statements
|
4
- 14
|
|
|
SUPPLEMENTAL SCHEDULE *
|
|
|
|
Schedule H, Line 4(i)-Schedule of Assets (Held at End of Year)
|
|
|
|
SIGNATURE
|
|
|
|
EXHIBIT:
|
|
|
|
23.1 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
|
|
|
|
One Battery Park Plaza
New York, NY 10004
T
+1 212 709 4500
F
+1 212 709 4680
mitchelltitus.com
|
|
|
|
2018
|
|
2017
|
||||
Assets
|
|
|
|
|
||||
Investments at fair value
|
|
$
|
23,377,583
|
|
|
$
|
23,802,806
|
|
Notes receivable from participants
|
|
544,463
|
|
|
545,802
|
|
||
Employer contribution receivable
|
|
268,906
|
|
|
145,827
|
|
||
Net assets available for benefits
|
|
$
|
24,190,952
|
|
|
$
|
24,494,435
|
|
Additions:
|
|
||
Participant contributions
|
$
|
925,926
|
|
Employer contributions
|
799,233
|
|
|
Total contributions
|
1,725,159
|
|
|
|
|
||
Net investment loss from investments in Masters Trusts
|
(808,561
|
)
|
|
Interest income on notes receivables from participants
|
27,236
|
|
|
Total additions (net of investment losses)
|
943,834
|
|
|
|
|
||
Deductions:
|
|
||
Benefits paid to participants
|
2,391,386
|
|
|
Administrative expenses
|
68,163
|
|
|
Total deductions
|
2,459,549
|
|
|
|
|
||
Net decrease
|
(1,515,715
|
)
|
|
|
|
||
Transfers in to plan (Note 1)
|
1,212,232
|
|
|
Net change, including transfers
|
(303,483
|
)
|
|
|
|
||
Net assets available for benefits
|
|
||
Beginning of year
|
24,494,435
|
|
|
End of year
|
$
|
24,190,952
|
|
1. Description of the Plan
|
2. Accounting Policies
|
3. Investments in Master Trusts
|
|
|
Assets at Fair Value as of December 31, 2018
|
||||||||||||||
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Investments
|
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents
|
|
$
|
126
|
|
|
$
|
62,597
|
|
|
$
|
—
|
|
|
$
|
62,723
|
|
Verizon common stock
|
|
6,925,317
|
|
|
—
|
|
|
—
|
|
|
6,925,317
|
|
||||
Mutual funds
|
|
|
|
|
|
|
|
|
||||||||
U.S. fixed income
|
|
709,767
|
|
|
—
|
|
|
—
|
|
|
709,767
|
|
||||
U.S. equity
|
|
351,752
|
|
|
—
|
|
|
—
|
|
|
351,752
|
|
||||
U.S. small cap
|
|
411,423
|
|
|
—
|
|
|
—
|
|
|
411,423
|
|
||||
International equity
|
|
271,957
|
|
|
—
|
|
|
—
|
|
|
271,957
|
|
||||
Global fixed income
|
|
321,077
|
|
|
—
|
|
|
—
|
|
|
321,077
|
|
||||
Equity
|
|
|
|
|
|
|
|
|
||||||||
International equity
|
|
2,855,795
|
|
|
2,855
|
|
|
—
|
|
|
2,858,650
|
|
||||
U.S. equity
|
|
6,267,110
|
|
|
1,556
|
|
|
—
|
|
|
6,268,666
|
|
||||
Fixed income
|
|
|
|
|
|
|
|
|
||||||||
U.S. bonds
|
|
16,537
|
|
|
1,292,984
|
|
|
7,735
|
|
|
1,317,256
|
|
||||
U.S. treasuries and agencies
|
|
1,385,231
|
|
|
566,008
|
|
|
—
|
|
|
1,951,239
|
|
||||
Asset-backed securities
|
|
—
|
|
|
134,864
|
|
|
—
|
|
|
134,864
|
|
||||
International bonds
|
|
—
|
|
|
454,139
|
|
|
1,521
|
|
|
455,660
|
|
||||
Convertible securities
|
|
—
|
|
|
23,810
|
|
|
—
|
|
|
23,810
|
|
||||
Total investments in the fair value hierarchy
|
|
19,516,092
|
|
|
2,538,813
|
|
|
9,256
|
|
|
22,064,161
|
|
||||
Investments measured at NAV
|
|
|
|
|
|
|
|
9,628,804
|
|
|||||||
Total investments
|
|
$
|
19,516,092
|
|
|
$
|
2,538,813
|
|
|
$
|
9,256
|
|
|
$
|
31,692,965
|
|
|
|
|
Fair Value January 1, 2018
|
|
Transfer Out
|
|
Transfer In
|
|
Acquisitions
|
|
Dispositions
|
|
Realized Gain/(Loss)
|
|
Change in Unrealized Loss
|
|
Fair Value December 31, 2018
|
||||||||||||||||
Fixed income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
U.S. bonds
|
|
$
|
2,034
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
6,890
|
|
|
$
|
(825
|
)
|
|
$
|
—
|
|
|
$
|
(364
|
)
|
|
$
|
7,735
|
|
|
International bonds
|
|
190
|
|
|
—
|
|
|
—
|
|
|
1,433
|
|
|
(6
|
)
|
|
—
|
|
|
(96
|
)
|
|
1,521
|
|
||||||||
Total investments
|
|
$
|
2,224
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
8,323
|
|
|
$
|
(831
|
)
|
|
$
|
—
|
|
|
$
|
(460
|
)
|
|
$
|
9,256
|
|
|
|
Assets at Fair Value as of December 31, 2017
|
||||||||||||||
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Investments
|
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents
|
|
$
|
482
|
|
|
$
|
84,877
|
|
|
$
|
—
|
|
|
$
|
85,359
|
|
Verizon common stock
|
|
6,817,351
|
|
|
—
|
|
|
—
|
|
|
6,817,351
|
|
||||
Mutual funds
|
|
|
|
|
|
|
|
|
||||||||
U.S. fixed income
|
|
561,301
|
|
|
—
|
|
|
—
|
|
|
561,301
|
|
||||
U.S. equity
|
|
496,695
|
|
|
—
|
|
|
—
|
|
|
496,695
|
|
||||
U.S. small cap
|
|
450,061
|
|
|
—
|
|
|
—
|
|
|
450,061
|
|
||||
International equity
|
|
386,719
|
|
|
—
|
|
|
—
|
|
|
386,719
|
|
||||
Global fixed income
|
|
294,706
|
|
|
—
|
|
|
—
|
|
|
294,706
|
|
||||
Equity
|
|
|
|
|
|
|
|
|
||||||||
International equity
|
|
2,935,454
|
|
|
2,057
|
|
|
—
|
|
|
2,937,511
|
|
||||
U.S. equity
|
|
6,992,015
|
|
|
1,537
|
|
|
—
|
|
|
6,993,552
|
|
||||
Fixed income
|
|
|
|
|
|
|
|
|
||||||||
U.S. bonds
|
|
14,336
|
|
|
1,028,012
|
|
|
2,034
|
|
|
1,044,382
|
|
||||
U.S. treasuries and agencies
|
|
1,231,304
|
|
|
357,181
|
|
|
—
|
|
|
1,588,485
|
|
||||
Asset-backed securities
|
|
—
|
|
|
130,241
|
|
|
—
|
|
|
130,241
|
|
||||
International bonds
|
|
5,943
|
|
|
497,327
|
|
|
190
|
|
|
503,460
|
|
||||
Convertible securities
|
|
—
|
|
|
22,578
|
|
|
—
|
|
|
22,578
|
|
||||
Total investments in the fair value hierarchy
|
|
20,186,367
|
|
|
2,123,810
|
|
|
2,224
|
|
|
22,312,401
|
|
||||
Investments measured at NAV
|
|
|
|
|
|
|
|
9,689,269
|
|
|||||||
Total investments
|
|
$
|
20,186,367
|
|
|
$
|
2,123,810
|
|
|
$
|
2,224
|
|
|
$
|
32,001,670
|
|
Asset Type
|
Fair Value
|
Unfunded Commitments
|
Redemption Frequency
|
Redemption Notice
|
||
Commingled funds:
|
|
|
|
|
||
U.S. equity securities
|
$
|
5,662,570
|
|
N/A
|
Daily
|
Daily
|
International equity securities
|
1,125,987
|
|
N/A
|
Daily
|
Daily
|
|
U.S. fixed income securities
|
622,446
|
|
N/A
|
Daily
|
Daily
|
|
Cash equivalents
|
1,517,609
|
|
N/A
|
Daily
|
Daily
|
|
Real estate
|
643,578
|
|
N/A
|
Daily
|
Daily
|
|
Commodities
|
56,614
|
|
|
|
|
|
Total
|
$
|
9,628,804
|
|
|
|
|
Asset Type
|
Fair Value
|
Unfunded Commitments
|
Redemption Frequency
|
Redemption Notice
|
||
Commingled funds:
|
|
|
|
|
||
U.S. equity securities
|
$
|
5,977,658
|
|
N/A
|
Daily
|
Daily
|
International equity securities
|
1,300,740
|
|
N/A
|
Daily
|
Daily
|
|
U.S. fixed income securities
|
558,058
|
|
N/A
|
Daily
|
Daily
|
|
Hedge fund
|
22,040
|
|
N/A
|
Monthly
|
30 Days
|
|
Cash equivalents
|
1,186,304
|
|
N/A
|
Daily
|
Daily
|
|
Real estate
|
585,809
|
|
N/A
|
Daily
|
Daily
|
|
Commodities
|
58,660
|
|
|
|
|
|
Total
|
$
|
9,689,269
|
|
|
|
|
4. Derivatives
|
5. Related-Party Transactions
|
6. Income Tax Status
|
7. Risks and Uncertainties
|
8. Reconciliation of Financial Statements to Form 5500
|
|
|
2018
|
|
2017
|
||||
Net assets available for benefits per the financial statements
|
|
$
|
24,190,952
|
|
|
$
|
24,494,435
|
|
Adjustment for deemed distributions with no post-default payments
|
|
(8,186
|
)
|
|
(5,585
|
)
|
||
Net assets available for benefits per Form 5500
|
|
$
|
24,182,766
|
|
|
$
|
24,488,850
|
|
|
|
2018
|
||
Net change, including transfers per the financial statements
|
|
$
|
(303,483
|
)
|
|
|
|
|
|
Adjustment for deemed distributions with no post-default payments
|
|
(2,601
|
)
|
|
Net income and transfers of assets per Form 5500
|
|
$
|
(306,084
|
)
|
Identity of Issue,
Borrower, Lessor, or Similar Party |
|
Description of Investment,
Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
|
Current Value
|
||
|
|
|
|
|
||
Notes receivable from participants*
|
|
0 - 15 years maturity at 3.25% - 10.50%
|
|
$
|
544,463
|
|
By:
|
/s/ Marc C. Reed
|
|
|
Marc C. Reed
|
|
|
(Chairperson, Verizon Employee Benefits Committee)
|
1 Year Verizon Communications Chart |
1 Month Verizon Communications Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions