Plan Snapshot
- Plan Sponsor: Verizon Communications INC.
- Sponsor EIN: 232259884
- Sponsor Address: ONE VERIZON WAY,, BASKING RIDGE, NJ, 07920
- Plan Type: 401(k)
- Plan Number: 020
- Total Participants: 0
- Total Assets: $41.1B
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 | $41.1B | $0 | $0 |
| 2023 | 0 | $36.7B | $0 | $0 |
| 2022 | 0 | $33.3B | $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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $9,845,551 | — | $9,845,551 |
| BOSTON PARTNERS GLOBAL INVESTORS | Other Service Provider | $5,234,311 | — | $5,234,311 |
| JP MORGAN | Recordkeeper | $4,980,125 | — | $4,980,125 |
| ALLIANCEBERNSTEIN L.P. | Other Service Provider | $4,283,642 | — | $4,283,642 |
| MORGAN STANLEY INVESTMENT MGMT | Other Service Provider | $3,775,523 | — | $3,775,523 |
| PACIFIC INVESTMENT MANAGEMENT CO | Other Service Provider | $2,813,225 | — | $2,813,225 |
| LOOMIS, SAYLES & COMPANY, L.P. | Other Service Provider | $2,747,006 | — | $2,747,006 |
| SANDS CAPITAL MANAGEMENT, LLC | Other Service Provider | $2,434,292 | — | $2,434,292 |
| WELLINGTON MANAGEMENT COMPANY LLP | Other Service Provider | $2,278,250 | — | $2,278,250 |
| JENNISON ASSOCIATES LLC | Recordkeeper | $2,011,393 | — | $2,011,393 |
| NEWTON INVESTMENT | Other Service Provider | $1,980,741 | — | $1,980,741 |
| BARROW HANLEY GLOBAL INVESTORS | Other Service Provider | $1,798,026 | — | $1,798,026 |
| ARISTOTLE CAPITAL MANAGEMENT, LLC | Other Service Provider | $1,717,269 | — | $1,717,269 |
| HARRIS ASSOCIATES L.P. | Other Service Provider | $1,544,067 | — | $1,544,067 |
| GQG PARTNERS LLC | Other Service Provider | $1,536,995 | — | $1,536,995 |
| MARATHON ASSET MANAGEMENT LLP | Other Service Provider | $1,434,392 | — | $1,434,392 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $1,231,671 | — | $1,231,671 |
| CORONATION GLOBAL | Other Service Provider | $1,017,962 | $157,770 | $1,175,732 |
| MELLON INVESTMENTS CORPORATION | Other Service Provider | $929,533 | — | $929,533 |
| NEUBERGER BERMAN | Other Service Provider | $887,324 | — | $887,324 |
| GOLDMAN SACHS ASSET MANAGEMENT, LP | Investment Advisor | $833,436 | — | $833,436 |
| INVESCO ADVISERS, INC. | Other Service Provider | $797,445 | — | $797,445 |
| LEE OVERLAY PARTNERS | Other Service Provider | $703,223 | — | $703,223 |
| HOTCHKIS AND WILEY CAPITAL MGMT LLC | Other Service Provider | $685,695 | — | $685,695 |
| PRINCIPAL GLOBAL INVESTORS, LLC | Other Service Provider | $625,567 | — | $625,567 |
| MONDRIAN INVESTMENT PARTNERS LTD | Other Service Provider | $590,175 | — | $590,175 |
| MFS INSTITUTIONAL ADVISORS, INC. | Other Service Provider | $483,390 | — | $483,390 |
| GALLIARD CAPITAL MANAGEMENT | Other Service Provider | $330,189 | — | $330,189 |
| BROOKFIELD PUBLIC SECURITIES GROUP | Other Service Provider | $89,744 | — | $89,744 |
| BLACKROCK INSTITUTIONAL TRUST CO. | Other Service Provider | $26,953 | — | $26,953 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- JP MORGAN — Recordkeeper
- JENNISON ASSOCIATES LLC — Recordkeeper
- GOLDMAN SACHS ASSET MANAGEMENT, LP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,804,885
- Estimated Expense Ratio: 0.146% 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 | $69,828,801 | $59,647,113 | — | — | — |
| 2023 | $69,669,294 | $58,024,723 | — | — | — |
| 2022 | $72,314,211 | $4,326,749 | — | — | — |