AT&T Inc. has filed its annual report on Form 11-K with the Securities and Exchange Commission for the fiscal year ended December 31, 2023. The report covers the BellSouth Savings and Security Plan, which is a defined contribution plan for eligible non-management employees of participating BellSouth companies, now part of AT&T following the 2006 acquisition. The independent audit, conducted by Forvis Mazars, LLP, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $2,327,496,000 as of December 31, 2023, an increase from $2,135,639,000 in the previous year. The Plan saw net appreciation in the fair value of investments and received contributions from both participants and the employer. The Plan offers a variety of investment options, including AT&T...Show More

AT&T Inc. has filed its annual report on Form 11-K with the Securities and Exchange Commission for the fiscal year ended December 31, 2023. The report covers the BellSouth Savings and Security Plan, which is a defined contribution plan for eligible non-management employees of participating BellSouth companies, now part of AT&T following the 2006 acquisition. The independent audit, conducted by Forvis Mazars, LLP, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $2,327,496,000 as of December 31, 2023, an increase from $2,135,639,000 in the previous year. The Plan saw net appreciation in the fair value of investments and received contributions from both participants and the employer. The Plan offers a variety of investment options, including AT&T stock, mutual funds, and various trust funds. The Plan is subject to ERISA and has been confirmed by the IRS to be in compliance with relevant tax laws. The Plan's investments are managed by BNY Mellon and Fidelity, with transactions involving AT&T stock noted as party-in-interest transactions, which are exempt from prohibited transaction rules.