Form 5500 · Employee benefit plan · BASKING RIDGE, NJ
VERIZON COMMUNICATIONS INC.
The filing calls this plan THE PLAN FOR GROUP INSURANCE.
VERIZON COMMUNICATIONS INC. of BASKING RIDGE, NJ files a Form 5500 with the U.S. Department of Labor disclosing its employee benefit plan. Its broker of record is AMERICAN BENEFITS & COMPENSATION. Coverage is written through AETNA LIFE INSURANCE COMPANY and 20 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 23-2259884 · plan 580 · plan year 2024, filed Oct 5, 2025
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1,512 other employer plans in New Jersey have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: the largest of the 16 insured health contracts, with KAISER FOUNDATION HEALTH PLAN, INC. (SOUTHERN CA), covers 2,440 of 78,885 participants (3.1%) on Schedule A.
Vision: the largest of the 2 insured vision contracts, with METROPOLITAN LIFE INSURANCE COMPANY (DAVIS VISION), covers 728 of 78,885 participants (0.9%) on Schedule A.
3 contracts on this filing do not say which benefits they cover, so a line above may be insured by one of them.
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 30 insured contracts covering health, dental, vision and life; the largest, with AETNA LIFE INSURANCE COMPANY, covers 160,964 people.
The filing declares health, dental, vision, life and disability. Disability appears with no insured contract on Schedule A. That coverage may be self-funded, placed with a carrier that is not on this filing, or written on one of the 3 contracts here that do not say what they cover.
Reported premium across the insured contracts is $158,116,155, with $155,965 in disclosed broker commissions — about 0.1% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
AMERICAN BENEFITS & COMPENSATION is the broker of record on 2 of the 30 contracts; the rest name a different broker or none.
Schedule A insurance contracts
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.
Reported to OSHA
Reported to OSHA for 2025: 28,530 employees, 60 recordable cases, 2,297 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Money the plan held and paid out
Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H
These are the plan's own figures from Schedule H, the financial statement it files. They are not the premium on Schedule A.
Other plans filed by this employer
How this plan compares
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Renewal calendar
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