Verizon Communications Inc.benefits
Verizon Severance Program for Management Employees · BASKING RIDGE, NJ · plan year 2025
Broker compensation reported · 2025
$204,786
Verizon Communications Inc.'s benefits plans covered 55,318 active participants in 2025. Insurance premiums totaled $970,975. Insurance brokers and agents were paid $204,786 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.1% of premiums. That is $4 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 74% from $783,598 in 2024.
Insurance contracts · 202528
METROPOLITAN LIFE INSURANCE COMPANY$971K · 703 covered
JOHN HANCOCK LIFE INSURANCE COMPANYpremiums n/a · 920 covered
MUTUAL OF OMAHA INSURANCE COMPANYpremiums n/a · 1,792 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICApremiums n/a · 18 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 7,068 covered
AETNA LIFE INSURANCE CO. · dentalpremiums n/a · 24 covered
HAWAII MEDICAL SERVICE ASSOCIATION - HMSA · health hmopremiums n/a · 4 covered
KAISER FOUNDATION HEALTH PLAN, INC. (NORTHERN CA) · health hmopremiums n/a · 1 covered
KAISER FOUNDATION HEALTH PLAN, INC. (NORTHERN CA) · health hmopremiums n/a · 2 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 160 covered
TAKECARE · health hmopremiums n/a · 14 covered
FALLON HEALTH · health hmopremiums n/a · 3 covered
GEISINGER HEALTH PLAN · health hmopremiums n/a · 4 covered
HUMANA INSURANCE COMPANY · health ppopremiums n/a · 4 covered
INDEPENDENT HEALTH · health hmopremiums n/a · 53 covered
KAISER FOUNDATION HEALTH PLAN, INC. (SOUTHERN CA) · health hmopremiums n/a · 2 covered
TUFTS ASSOCIATED HEALTH MAINTENANCE ORGANIZATION, INC. · health hmopremiums n/a · 42 covered
UNITEDHEALTHCARE BENEFITS OF TEXAS, INC. · health hmopremiums n/a · 3 covered
UNITEDHEALTHCARE OF WISCONSIN, INC. · health hmopremiums n/a · 6 covered
UHC - SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC. · health ppopremiums n/a · 3,909 covered
AETNA LIFE INSURANCE CO. · dentalpremiums n/a · 6 covered
AETNA HEALTH INC. · health hmopremiums n/a · 6 covered
GEISINGER HEALTH PLAN · health hmopremiums n/a · 1 covered
HIGHMARK INC. · health hmopremiums n/a · 1 covered
KAISER FOUNDATION HEALTH PLAN OF THE MID-ATLANTIC STATES, INC. · health hmopremiums n/a · 3 covered
KAISER FOUNDATION HEALTH PLAN, INC. (SOUTHERN CA) · health hmopremiums n/a · 1 covered
UNITED HEALTHCARE OF ARIZONA · health hmopremiums n/a · 1 covered
SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC. · health ppopremiums n/a · 921 covered
Brokers & agents paid · 20252
MARSH USA, INC.$170,454 · incl $170,454 fees
AMERICAN BENEFITS & COMP. SYST. INC$34,332
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643
Truist Financial Corporation NC$2,912,639
The Goodyear Tire & Rubber Company OH$1,999,036
Netcracker Technology Corporation MA$1,935,435
Breeze Aviation Group, Inc UT$1,518,374
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 232259884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.