Verizon Communications Inc. has filed its annual 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes financial statements for the Verizon Savings Plan for Management Employees, audited by Mitchell & Titus, LLP, which expressed an unqualified opinion on the plan's financial statements. The plan's net assets available for benefits increased from $25.18 billion at the end of 2022 to $27.84 billion at the end of 2023. The increase is attributed to investment income, participant contributions, and employer contributions, offset by benefits paid to participants and administrative expenses. The plan's investments are primarily held in the Verizon Master Savings Trust, which saw a net appreciation of $4.3 billion for the year. The report also details the plan's provisions, including eligibility, contributions, investment options, and payment of benefits. The plan is subject to ERISA and is designed to comply with the IRC, with no uncertain tax positions noted by the plan's management.

Verizon Communications Inc. has filed its annual 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes financial statements for the Verizon Savings Plan for Management Employees, audited by Mitchell & Titus, LLP, which expressed an unqualified opinion on the plan's financial statements. The plan's net assets available for benefits increased from $25.18 billion at the end of 2022 to $27.84 billion at the end of 2023. The increase is attributed to investment income, participant contributions, and employer contributions, offset by benefits paid to participants and administrative expenses. The plan's investments are primarily held in the Verizon Master Savings Trust, which saw a net appreciation of $4.3 billion for the year. The report also details the plan's provisions, including eligibility, contributions, investment options, and payment of benefits. The plan is subject to ERISA and is designed to comply with the IRC, with no uncertain tax positions noted by the plan's management.