Defined Benefit (Pension) · DOL Form 5500 · 2023
Verizon Corporate Services Group Inc. Pension Plan
Data updated 2026-08-11
- $2.9B
- Total assets
- 12,474
- Participants
- 100th
- Percentile by assets
- $231,004
- Avg per participant
Official DOL plan name: Verizon Management Pension Plan · Sponsored by Verizon Corporate Services Group Inc. · New Jersey · Information & Media
$2.9B in assets, 12,474 participants
Verizon Corporate Services Group Inc.'s Verizon Management Pension Plan reported $2.9B in total assets and 12,474 participants in its 2023 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 127,072 plans)
- #2,783 in Information & Media (2,818 peers)
Coverage in New Jersey
Verizon Management Pension Plan covers 12,474 participants in New Jersey, 15x the typical New Jersey plan (state average ~844 per filing). Assets: $2.9B.
- $2.9B
- total plan assets (2023 EOY)
- 12,474
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $231,004
- avg assets per participant
The plan reported a net loss of $66M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Verizon Management Pension Plan reported net income rose from -$1.2B in the plan year 2022 filing to -$66M in the plan year 2023 filing.
- Verizon Management Pension Plan reported participants fell from 12,977 in the plan year 2022 filing to 12,474 in the plan year 2023 filing.
- Verizon Management Pension Plan end-of-year assets fell from $2.9B in the plan year 2022 filing to $2.9B in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Verizon Management Pension Plan reports 12,474 participants - 15x that state average ($2.9B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | -$66M |
| Employer EIN | 131675522 |
| Plan Effective Date | 1940-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Verizon Corporate Services Group Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 12,977 | $2.9B |
| 2023 | 1 | 12,474 | $2.9B |
| 2024 | 1 | 11,147 | $1.6B |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Verizon Management Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.2B · 37,749
- JPMorgan Chase Retirement Plan $16.3B · 90,644
- Nokia Retirement Income Plan $13.9B · 7,492
- The Prudential Merged Retirement Plan $12.2B · 16,230
- Verizon Pension Plan for Associates $10.9B · 23,778
Scale composition for Verizon Management Pension Plan
Verizon Management Pension Plan reports $2.9B in end-of-year assets across 12,474 participants (0.023% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $231,004 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2023 was -$66M.
This plan identity (EIN 131675522, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.9B to $1.6B (-44.3%) while covered participants moved from 12,977 to 11,147 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,977 | $2.9B | Open filing |
| 2023 | 12,474 | $2.9B | This page |
| 2024 · index core | 11,147 | $1.6B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Verizon Management Pension Plan (Defined Benefit (Pension), $1.6B, 11,147 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Verizon Management Pension Plan by total assets, not by location.
- Factory Mutual Insurance Company Pension Plan (RI) $2.9B · 3,478
- The Retirement Benefit Plan of American Airlines, Inc. for Agent, Management, Specialist, Support Personnel and Officers (TX) $2.9B · 5,096
- New York State Teamsters Conference Pension & Retirement Fund (NY) $2.8B · 10,056
- Upmc Basic Retirement Plan (PA) $2.8B · 70,746
Frequently Asked Questions
How did Verizon Management Pension Plan assets move in 2023? ▼
How have Verizon Corporate Services Group Inc. plan assets changed over time? ▼
Where does Verizon Management Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Verizon Management Pension Plan? ▼
Next read for Verizon Management Pension Plan
Filing takeaways
Ways to act on Verizon Management Pension Plan's numbers.
- By total assets, Verizon Management Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Verizon Corporate Services Group Inc.'s sponsor-wide assets have declined 44.3% since 2022 across 3 plan years on file. More Information & Media plans