# Verizon Communications INC. 401(k) Plan
Source: https://planprovider.pro/companies/verizon-communications-inc-232259884-582

> 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:** 582

- **Total Participants:** 0

- **Total Assets:** $465.9M

## 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|$465.9M|$34.2M|$11.5M|

| 2023|0|$465.8M|$30.0M|$10.6M|

| 2022|0|$451.5M|$35.6M|$10.8M|

## 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|

| GRANTHAM,MAYO,VAN OTTERLOO&CO (GMO)|Other Service Provider|$874,086|—|$874,086|

| ALLIANCE BERNSTEIN LP.|Other Service Provider|$541,647|—|$541,647|

| AON HEWITT INVESTMENT|Other Service Provider|$263,734|—|$263,734|

| THE BANK OF NY MELLON|Custodian / Trustee|$240,447|—|$240,447|

| VERIZON COMMUNICATIONS INC.|Other Service Provider|$79,697|—|$79,697|

| THOMPSON HINE LLP|ERISA Attorney|$23,557|—|$23,557|

| STANDISH MELLON ASSET|Other Service Provider|$5,706|—|$5,706|

| MELLON INVESTMENTS|Other Service Provider|$5,341|—|$5,341|

### Verified Provider Profiles

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

- [THOMPSON HINE LLP](https://planprovider.pro/provider/thompson-hine-llp) — ERISA Attorney

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $2,034,215

- **Estimated Expense Ratio:** 0.437% 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|$23,236|—|$23,236|—|—|

| 2023|$14,460|—|$14,460|—|—|

| 2022|$16,094|—|$16,094|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/verizon-communications-inc-232259884-582)

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