Verizon Communications Inc.
Updated Filing received by DOL a plan year 2025 filing was received August 24, 2026 for 7 of this employer's 11 plans; this record moves to 2025 when all have arrived
Verizon Communications Inc., an information & publishing employer in Basking Ridge, New Jersey, reported 78,885 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $5.5M in insurance premiums across 136 contracts and $518,756 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 5, 2025, within the extension window.
Who was paid on Verizon Communications Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Verizon Communications Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| American Benefits & Compensation · New York, NY | $352,816 | $0 | $352,816 | 7 |
| American Benefits & Compens System · New York, NY | $63,334 | $0 | $63,334 | 1 |
| American Benefits & Comp Systems · New York, NY | $57,887 | $75 | $57,962 | 3 |
| Mercer · New York, NY | $29,998 | $0 | $29,998 | 3 |
| Img · Indianapolis, IN | $0 | $14,646 | $14,646 | 4 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
The 24 largest of 136 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Verizon Communications Inc. compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 85,739 | 78,885 | −8.0% |
| Premiums filed | $5,561,502 | $5,477,889 | −1.5% |
| Broker commissions + fees | $593,860 | $518,756 | −12.6% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
The 8 largest of 11 plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| The Plan for Group Insurance#580 · insurance, general assets, trust | December 31, 2024 | October 5, 2025 | within extension | 78,885 |
| The Verizon Retiree Group Health Plan for MGMT & Non-Union Hourly Employees#581 · insurance, general assets | December 31, 2024 | July 18, 2025 | before deadline | 68,551 |
| Verizon New York and New England Retiree Health (post-1992 Retirees) and Group Life Insurance Plan for Active and Retired Associates#576 · insurance, general assets | December 31, 2024 | July 11, 2025 | before deadline | 51,311 |
| Verizon Welfare Benefit Plan for Mid-Atlantic Associates#588 · insurance, general assets | December 31, 2024 | October 5, 2025 | within extension | 46,621 |
| The Verizon Choices Plan#579 · general assets | December 31, 2024 | April 14, 2025 | before deadline | 23,540 |
| Verizon Welfare Benefit Plan for New York and New England Associates#587 · insurance, general assets | December 31, 2024 | April 15, 2025 | before deadline | 15,541 |
| Retiree Group Health Plan for West Associates#582 · insurance, general assets, trust | December 31, 2024 | October 5, 2025 | within extension | 13,628 |
| Verizon Medical Expense Plan for New York and New England Associates#556 · general assets | December 31, 2024 | April 14, 2025 | before deadline | 13,557 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Verizon Communications Inc. pay in health insurance broker commissions in 2024?
Verizon Communications Inc.'s 2024 Form 5500 reports $518,756 in broker commissions and fees across 136 insurance contracts ($504,035 in commissions, $14,721 in fees), with American Benefits & Compensation receiving the largest share.
Is Verizon Communications Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Aetna Health Inc, Aetna Life Insurance Co., Cigna Health and Life Insurance Company.
How does Verizon Communications Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Verizon Communications Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
Send the full findings to your inbox.
A specialist writes up every finding for Verizon Communications Inc. with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.