# Verizon Business Global LLC DB Plan
Source: https://planprovider.pro/companies/verizon-business-global-llc-plan

> Verizon Business Global LLC's DB plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Verizon Business Global LLC

- **Sponsor EIN:** 900357488

- **Sponsor Address:** ONE VERIZON WAY,, BASKING RIDGE, NJ, 07920

- **Plan Type:** DB

- **Total Participants:** 0

- **Total Assets:** $35,865

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|0|$35,865|$0|$0|

| 2023|0|$3.5M|$0|$0|

| 2022|16|$46.1M|$0|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| VERIZON COMMUNICATIONS INC.|EMPLOYER|$438,850|—|$438,850|

| AON CONSULTING INC.|NONE|$86,029|—|$86,029|

| MITCHELL & TITUS, LLP|NONE|$34,711|—|$34,711|

| DUANE MORRIS LLP|NONE|$13,598|—|$13,598|

| PACIFIC INVESTMENT MANAGEMENT|NONE|$7,019|—|$7,019|

| THE BANK OF NEW YORK MELLON|NONE|$5,170|—|$5,170|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [AON CONSULTING INC.](https://planprovider.pro/provider/alight-solutions) — NONE

- [MITCHELL & TITUS, LLP](https://planprovider.pro/provider/mitchell-and-titus-llp) — NONE

- [DUANE MORRIS LLP](https://planprovider.pro/provider/duane-morris-llp) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $585,377

- **Estimated Expense Ratio:** 1632.168% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$630,592|$7,019|—|$70,576|—|

| 2023|$858,654|$51,256|—|$49,321|—|

| 2022|$347,139|$81,559|—|—|$127,060|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/verizon-business-global-llc-plan)

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