# Verizon Corporate Services Group INC. DB Plan
Source: https://planprovider.pro/companies/verizon-corporate-services-group-inc-plan

> Verizon Corporate Services Group INC.'s DB plan: 9,117 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Verizon Corporate Services Group INC.

- **Sponsor EIN:** 131675522

- **Sponsor Address:** ONE VERIZON WAY,, BASKING RIDGE, NJ, 07920

- **Plan Type:** DB

- **Total Participants:** 9,117

- **Total Assets:** $1.6B

## 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|9,117|$1.6B|$80.0M|$0|

| 2023|11,147|$2.9B|$53.4M|$0|

| 2022|12,474|$2.9B|$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|

| CONDUENT INCORPORATED|NONE|$3,874,485|—|$3,874,485|

| AON CONSULTING INC.|NONE|$327,890|—|$327,890|

| VERIZON COMMUNICATIONS INC.|EMPLOYER|$261,643|—|$261,643|

| DATABANK IMX LLC|NONE|$142,109|—|$142,109|

| PRINCIPAL BANK|NONE|$82,133|—|$82,133|

| DUANE MORRIS LLP|NONE|$65,630|—|$65,630|

| MITCHELL & TITUS, LLP|NONE|$43,157|—|$43,157|

| DELAWARE CHARTER GUARANTEE|NONE|$14,876|—|$14,876|

### Verified Provider Profiles

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

- [AON CONSULTING INC.](https://planprovider.pro/provider/alight-solutions) — NONE

- [DUANE MORRIS LLP](https://planprovider.pro/provider/duane-morris-llp) — NONE

- [MITCHELL & TITUS, LLP](https://planprovider.pro/provider/mitchell-and-titus-llp) — NONE

- [DELAWARE CHARTER GUARANTEE](https://planprovider.pro/provider/principal-financial-group-inc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $4,811,923

- **Estimated Expense Ratio:** 0.293% 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|$11,081,733|—|$1,223,342|$43,157|—|

| 2023|$11,336,994|—|$1,392,004|$55,620|—|

| 2022|$11,221,744|—|—|—|$3,971,726|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/verizon-corporate-services-group-inc-plan)

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