Defined Benefit (Pension) · DOL Form 5500 · 2024
Verizon Corporate Services Group Inc. Pension Plan
Data updated 2026-07-24
- $1.6B
- Total assets
- 11,147
- Participants
- 99th
- Percentile by assets
- $147,230
- Avg per participant
Official DOL plan name: Verizon Management Pension Plan · Sponsored by Verizon Corporate Services Group Inc. · New Jersey · Information & Media
$1.6B in assets, 11,147 participants
Verizon Corporate Services Group Inc.'s Verizon Management Pension Plan reported $1.6B in total assets and 11,147 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 116,472 plans)
Coverage in New Jersey
Verizon Management Pension Plan covers 11,147 participants in New Jersey, 13x the typical New Jersey plan (state average ~865 per filing). Assets: $1.6B.
- $1.6B
- total plan assets (2024 EOY)
- 11,147
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $147,230
- avg assets per participant
The plan reported a net loss of $1.2B 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 2023 → plan year 2024
- Verizon Management Pension Plan reported net income fell from -$66M in the plan year 2023 filing to -$1.2B in the plan year 2024 filing.
- Verizon Management Pension Plan end-of-year assets fell from $2.9B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
- Verizon Management Pension Plan reported participants fell from 12,474 in the plan year 2023 filing to 11,147 in the plan year 2024 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. Verizon Management Pension Plan reports 11,147 participants - 13x that state average ($1.6B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | -$1.2B |
| 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 $21.1B · 37,882
- JPMorgan Chase Retirement Plan $16.1B · 83,812
- Nokia Retirement Income Plan $12.9B · 7,280
- The Prudential Merged Retirement Plan $12.0B · 16,233
- Merck US Pension Plan $10.1B · 26,843
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.
- Afscme Employees Pension Plan (DC) $1.6B · 1,688
- The Tjx Companies, Inc Retirement Plan (MA) $1.6B · 9,429
- SEIU Affiliates Officers and Employees Pension Plan (DC) $1.6B · 8,921
- Nissan Employee Retirement Plan (TN) $1.6B · 4,074
Frequently Asked Questions
How did Verizon Management Pension Plan assets move in 2024? ▼
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
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
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.