The Plan For Group Insurance — Form 5500 plan (Verizon Communications 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, The Plan For Group Insurance is a benefit plan reported by Verizon Communications Inc. under EIN 23-2259884 and plan number 580. The latest loaded filing year is 2023. The filing reports 85,739 participants and $224,178,507 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Verizon Communications Inc.
- EIN
- 23-2259884
- Plan number
- 580
- Plan type
- 2
- Location
- Basking Ridge, NJ
- Latest filing year
- 2023
- Participants
- 85,739
- End-of-year plan assets
- $224,178,507
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 85,739 | H, C | 20241010082703NAL0011298467001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $224,178,507
- Total liabilities (EOY)
- $144,768,000
- Net assets (EOY)
- $79,410,507
- Net assets (BOY)
- $37,334,217
Income & contributions
- Employer contributions
- $1,327,842,848
- Participant contributions
- $261,522,670
- Total contributions
- $1,589,365,518
- Total income / additions
- $1,619,988,007
Expenses & distributions
- Benefits paid
- $1,575,376,102
- Administrative expenses
- $2,535,615
- Total expenses
- $1,577,911,717
- Net increase / (decrease)
- $42,076,290
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Grantham,Mayo,Van Otterloo&Co (Gmo) | NONE | $262,340 | $0 | 2023 |
| Alliance Bernstein Lp. | NONE | $215,790 | not reported in the loaded dataset | 2023 |
| Compsych | NONE | $0 | $121,101 | 2023 |
| The Bank Of New York Mellon | TRUSTEE | $101,394 | not reported in the loaded dataset | 2023 |
| Aon Hewitt Investment | NONE | $55,333 | not reported in the loaded dataset | 2023 |
| Verizon Communications Inc. | EMPLOYER | $20,431 | not reported in the loaded dataset | 2023 |
| Thompson Hine Llp | NONE | $9,124 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Verizon Communications Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Basking Ridge, NJ
- Grantham,Mayo,Van Otterloo&Co (Gmo) — Schedule C compensation
- Alliance Bernstein Lp. — Schedule C compensation
- Compsych — Schedule C compensation
- The Bank Of New York Mellon — Schedule C compensation
- Aon Hewitt Investment — Schedule C compensation
- Verizon Communications Inc. — Schedule C compensation
- Thompson Hine Llp — Schedule C compensation