Plan Snapshot
- Plan Sponsor: Verizon Communications INC.
- Sponsor EIN: 251448208
- Sponsor Address: ONE VERIZON WAY,, BASKING RIDGE, NJ, 07920
- Plan Type: 401(k)
- Plan Number: 020
- Total Participants: 0
- Total Assets: $7.9B
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 | $7.9B | $0 | $0 |
| 2023 | 0 | $16.0B | $0 | $0 |
| 2022 | 0 | $16.2B | $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 |
|---|---|---|---|---|
| AON | Other Service Provider | $4,237,927 | — | $4,237,927 |
| EJF CAPITAL LLC | Other Service Provider | $4,074,451 | — | $4,074,451 |
| GOLDMAN SACHS ASSET MANAGEMENT, LP | Investment Advisor | $4,067,756 | — | $4,067,756 |
| PACIFIC INVESTMENT MANAGEMENT | Other Service Provider | $3,355,285 | — | $3,355,285 |
| VERIZON COMMUNICATIONS INC. | Other Service Provider | $3,041,377 | $99,283 | $3,140,660 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $1,548,635 | — | $1,548,635 |
| THE ROCK CREEK GROUP, LP | Other Service Provider | $1,343,848 | — | $1,343,848 |
| J.P. MORGAN INVESTMENT | Recordkeeper | $1,215,014 | — | $1,215,014 |
| FMR LLC | Other Service Provider | $1,010,951 | — | $1,010,951 |
| LEE OVERLAY PARTNERS | Other Service Provider | $896,778 | — | $896,778 |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | Other Service Provider | $723,185 | — | $723,185 |
| STANDISH MELLON ASSET | Other Service Provider | $670,347 | — | $670,347 |
| KPMG LLP | Auditor | $625,959 | — | $625,959 |
| LOOMIS SAYLES & COMPANY, LP | Other Service Provider | $583,653 | — | $583,653 |
| BOSTON PARTNERS GLOBAL | Other Service Provider | $473,377 | — | $473,377 |
| TCW ASSET MANAGEMENT COMPANY | Other Service Provider | $404,173 | — | $404,173 |
| MCUBE INVESTMENT TECHNOLOGIES | Other Service Provider | $300,000 | — | $300,000 |
| THOMPSON HINE LLP | ERISA Attorney | $277,269 | — | $277,269 |
| BLACKROCK INSTITUTIONAL TRUST | Other Service Provider | $265,905 | — | $265,905 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $178,702 | — | $178,702 |
| T. ROWE PRICE ASSOCIATES, INC. | Other Service Provider | $163,075 | — | $163,075 |
| MORGAN STANLEY INVESTMENT | Other Service Provider | $162,621 | — | $162,621 |
| NEUBERGER BERMAN | Other Service Provider | $160,217 | — | $160,217 |
| PRUDENTIAL TRUST COMPANY | Recordkeeper | $158,842 | — | $158,842 |
| WELLINGTON MANAGEMENT COMPANY | Other Service Provider | $154,903 | — | $154,903 |
| PAYDEN & RYGEL | Other Service Provider | $125,771 | — | $125,771 |
| METLIFE INVESTMENT | Other Service Provider | $101,410 | — | $101,410 |
| BLOOMBERG L.P. | Other Service Provider | $71,284 | — | $71,284 |
| CONYERS DILL & PEARMAN | Other Service Provider | $65,910 | — | $65,910 |
| LEGAL & GENERAL INVESTMENT | Other Service Provider | $62,826 | — | $62,826 |
| DECISION ECONOMICS, INC. | Other Service Provider | $36,000 | — | $36,000 |
| GRANTHAM, MAYO, VAN OTTERLOO | Other Service Provider | $35,889 | — | $35,889 |
| COST EFFECTIVENESS MEASUREMENT | Other Service Provider | $34,000 | — | $34,000 |
| ADVENT CAPITAL MANAGEMENT, LLC | Other Service Provider | $33,925 | — | $33,925 |
| TRADING TECHNOLOGIES | Other Service Provider | $30,151 | — | $30,151 |
| K & L GATES, LLP | Other Service Provider | $29,372 | — | $29,372 |
| ALTERNATIVESOFT | Other Service Provider | $29,322 | — | $29,322 |
| WOLFE HOLDCO LLC | Other Service Provider | $25,000 | — | $25,000 |
| REFINITIV US LLC | Other Service Provider | $19,943 | — | $19,943 |
| EVESTMENT INC AND SUBSIDIARIES | Other Service Provider | $14,576 | — | $14,576 |
| BROADRIDGE INVESTOR | Other Service Provider | $11,260 | — | $11,260 |
| ARH GROUP, INC. | Other Service Provider | $10,000 | — | $10,000 |
| ALLIANCEBERNSTEIN L.P. | Other Service Provider | $9,763 | — | $9,763 |
| DLA PIPER LLP US | ERISA Attorney | $6,952 | — | $6,952 |
| CCH INCORPORATED | Other Service Provider | $6,777 | — | $6,777 |
| RAMIREZ ASSET MANAGEMENT, INC | Other Service Provider | $5,661 | — | $5,661 |
| THE INSTITUTE FOR QUANTITATIVE | Other Service Provider | $5,500 | — | $5,500 |
| ASSOCIATION OF FINANCIAL | Other Service Provider | $5,463 | — | $5,463 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOLDMAN SACHS ASSET MANAGEMENT, LP — Investment Advisor
- J.P. MORGAN INVESTMENT — Recordkeeper
- KPMG LLP — Auditor
- THOMPSON HINE LLP — ERISA Attorney
- PRUDENTIAL TRUST COMPANY — Recordkeeper
- DLA PIPER LLP US — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,970,288
- Estimated Expense Ratio: 0.393% 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 | $49,920,240 | $37,205,542 | — | — | — |
| 2023 | $54,826,465 | $41,859,538 | — | — | — |
| 2022 | $79,417,231 | $65,116,443 | — | — | $1,560,176 |