# Verizon Communications INC. 401(k) Plan
Source: https://planprovider.pro/companies/verizon-communications-inc-251448208-020

> 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:** 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](https://planprovider.pro/provider/goldman-sachs) — Investment Advisor

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

- [KPMG LLP](https://planprovider.pro/provider/kpmg-llp) — Auditor

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

- [PRUDENTIAL TRUST COMPANY](https://planprovider.pro/provider/empower) — Recordkeeper

- [DLA PIPER LLP US](https://planprovider.pro/provider/dla-piper) — 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|

## Similar Plans

- [Novartis Corporation](https://planprovider.pro/companies/novartis-corporation-131834433-400) — 0 participants

- [Sanofi-Aventis Us LLC](https://planprovider.pro/companies/sanofi-aventis-us-llc-263494110-001) — 0 participants

- [Unilever United States, INC.](https://planprovider.pro/companies/unilever-united-states-inc-043458687-002) — 0 participants

- [Access General Partner LLC](https://planprovider.pro/companies/access-general-partner-llc-203684992-001) — 0 participants

- [Access General Partner LLC](https://planprovider.pro/companies/access-general-partner-llc-203686192-001) — 0 participants

- [Avaya INC.](https://planprovider.pro/companies/avaya-inc-367324179-101) — 0 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/verizon-communications-inc-251448208-020)

© 2026 PlanProvider.Pro