Verizon Management Pension Plan — Form 5500 plan (Verizon Corporate Services Group Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Verizon Management Pension Plan is a benefit plan reported by Verizon Corporate Services Group Inc. under EIN 13-1675522 and plan number 001. The latest loaded filing year is 2023. The filing reports 64,329 participants and $2,881,542,356 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Verizon Corporate Services Group Inc.
- EIN
- 13-1675522
- Plan number
- 001
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 64,329
- End-of-year plan assets
- $2,881,542,356
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 64,329 | H, C | 20241010083015NAL0035267536001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,881,542,356
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,881,542,356
- Net assets (BOY)
- $2,947,261,898
Income & contributions
- Employer contributions
- $53,403,000
- Total contributions
- $53,403,000
- Total income / additions
- $203,912,398
Expenses & distributions
- Benefits paid
- $258,224,518
- Administrative expenses
- $11,336,994
- Total expenses
- $269,561,512
- Net increase / (decrease)
- -$65,649,114
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Conduent Incorporated | NONE | $4,056,604 | not reported in the loaded dataset | 2023 |
| Aon Consulting Inc. | NONE | $327,779 | not reported in the loaded dataset | 2023 |
| Verizon Communications Inc. | EMPLOYER | $252,098 | not reported in the loaded dataset | 2023 |
| Principal Bank | NONE | $175,642 | not reported in the loaded dataset | 2023 |
| Databank Imx LLC | NONE | $141,065 | not reported in the loaded dataset | 2023 |
| Duane Morris Llp | NONE | $101,799 | not reported in the loaded dataset | 2023 |
| Mitchell & Titus, Llp | NONE | $55,620 | not reported in the loaded dataset | 2023 |
| Pension Benefit Information | NONE | $39,562 | not reported in the loaded dataset | 2023 |
| Bk Risk Management LLC | NONE | $6,500 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Verizon Corporate Services Group Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Basking Ridge, NJ
- Conduent Incorporated — Schedule C compensation
- Aon Consulting Inc. — Schedule C compensation
- Verizon Communications Inc. — Schedule C compensation
- Principal Bank — Schedule C compensation
- Databank Imx LLC — Schedule C compensation
- Duane Morris Llp — Schedule C compensation
- Mitchell & Titus, Llp — Schedule C compensation
- Pension Benefit Information — Schedule C compensation
- Bk Risk Management LLC — Schedule C compensation