Defined Benefit (Pension) · DOL Form 5500 · 2023

Verizon Corporate Services Group Inc. Pension Plan

Data updated 2026-08-25

$2.9B
Total assets Very large vs avg
12,474
Participants Very large workforce
100th
Percentile by assets National rank
$231,004
Avg per participant Above avg balance/head
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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.

  • #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.

#2,783
in Information & Media (2,818 peers)
-2.2%
assets change YoY
29×
vs typical plan assets (national mean)

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.

Verizon Management Pension Plan's outsized position by total assets

Verizon Management Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,881,542,356 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Verizon Management Pension Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verizon Management Pension Plan is a mega filing (12,474 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 131675522 · Verizon Corporate Services Group Inc. PY 2023 · Defined Benefit (Pension)

Verizon Management Pension Plan · $2.9B · 12,474 · 100th

  • EOY $2.9B
  • EOY 12,474
  • EOY 100th
  • EOY Defined Benefit (Pension)
  • EOY near Factory Mutual Insurance Company Pension Plan
  • EOY ind #2783

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Information & Media retirement plans → · Plans in New Jersey →

Verizon Management Pension Plan in the asset neighbourhood

Factory Mutual Insurance Company Pension PlanFactory Mutual Insurance Com…$2.9BVerizon Management Pension PlanVerizon Management Pension P…$2.9BThe Retirement Benefit Plan of American Airlines, Inc. for Agent, Management, Specialist, Support Personnel and OfficersThe Retirement Benefit Plan …$2.9BNew York State Teamsters Conference Pension & Retirement FundNew York State Teamsters Con…$2.8BUpmc Basic Retirement Plan$2.8B
End-of-year total assets ($B) among Verizon Management Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$2.9B
Net Income-$66M
Employer EIN131675522
Plan Effective Date1940-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Verizon Corporate Services Group Inc.)

Sponsor-wide plan assets over time

All Verizon Corporate Services Group Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.6B 44.31548967149169% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B$3.5B 202220232024 $2.95B $1.64B ▼ -44.4%
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 Scatter plot of 6 data points. 020000400006000080000100000 0510152025 Total assets ($B) Participants Verizon Management Pension Plan, Total assets ($B): 2.881542356 · Participants: 12474Verizon Management Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
Verizon Management Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Verizon Management Pension Plan side-by-side with 3 peers →

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's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Factory Mutual Insurance Company Pension Plan in RI ($2.9B); by covered participants it is Principal Cash Balance Plan in IA (12,492 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12,474 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Verizon Management Pension Plan assets move in 2023? ▼
Verizon Management Pension Plan edged down modestly - down 2.2% during 2023, from $2.9B to $2.9B. Reported net income was -$66M.
How have Verizon Corporate Services Group Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Verizon Corporate Services Group Inc.'s sponsor-wide assets declined 44.3%, from $2.9B to $1.6B.
Where does Verizon Management Pension Plan rank by assets among Form 5500 filers? ▼
Verizon Management Pension Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Verizon Management Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Factory Mutual Insurance Company Pension Plan in RI ($2.9B, 3,478 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Verizon Management Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Principal Cash Balance Plan in IA (12,492 participants, $1.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 131675522.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.