# Verizon Communications INC. 401(k) Plan
Source: https://planprovider.pro/companies/verizon-communications-inc-232259884-020

> Verizon Communications INC.'s 401(k) 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 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](https://planprovider.pro/provider/fidelity-investments) — Recordkeeper

- [JP MORGAN](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [JENNISON ASSOCIATES LLC](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [GOLDMAN SACHS ASSET MANAGEMENT, LP](https://planprovider.pro/provider/goldman-sachs) — 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|—|—|—|

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