VERIZON COMMUNICATIONS INC.
EIN 23-2259884 · NJ · Other
Benchmarked against: Other · 50,000+ employees · same industry, nationwide · n=17 employers (your plan plus 16 peers)
Your exact in-state peer group was below the 10-plan minimum, so the comparison broadens to same industry, nationwide within Other.
68,030
(2024)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$2,345,679
Broker pay, employer-paid lines (2024)
$2.87
2024 · 4th highest of 17 comparable plans (your plan plus 16 peers)
Lines disclosed: Life · Low disclosure
Broker pay as a share of insured premium: 1.8% (peer median 2.4%, 10th highest of 17 comparable plans (your plan plus 16 peers)).
Without the 2 low-disclosure peers, this plan is 4th highest of 15 comparable plans (your plan plus 14 peers).
Per-participant and share-of-premium comparisons differ because your plan insures fewer lines than most peers. The line-by-line rates below are the most direct comparison.
Showing 2024, the latest year with a complete peer group. A 2025 filing is on file and appears in broker history; it is not benchmarked yet.
Why 2024?
The figures above use 2024, the latest year we can compare with similar employers. A filing for 2025 is on file. Only a smaller plan has filed for 2025 so far. The main plan's filing is not in yet, so that year cannot carry the comparison. 2025 broker pay on file so far totals $453,375 across all lines, about 81% less than the $2,345,679 for 2024. Rows for 2025 stay in the broker history and stay out of the headline and the peer comparison.
Self-funded medical. This figure is commissions on the insured ancillary lines (life, disability, dental, vision, stop-loss). A self-funded employer's medical advisor is typically paid a fee outside these filings, so total broker pay is usually higher than the figure shown.
Broker commission rate by benefit line
What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.
Life
0.3%
Peer median 4.4%
No commission on this contractDental and Vision are not on this filing as their own contracts, so there is no peer rate to show for them.
This page shows what was filed. The report shows what it means.
- What the gap is worth — the dollar difference vs. peer median, including a 3-year view
- The current structure compared against levels comparable plans actually reported
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Where the $2,345,679 across all lines goes
Each broker and each benefit line, in dollars
How much broker pay rides inside the premium
Base commission against bonuses and other carrier payments, all funded through premium
Whether this number is drifting
Compensation across every filed year, against the peer median
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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).
Disclosure opacity
What this filing doesn't show
This filing discloses no compensation on a health or stop-loss contract for 2025 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.
Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.
Broker history
Benefit lines covered by year — broker identity limited on public pages
Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized lines below are the insured ancillary coverages — dental, vision, life, disability. Self-funded medical broker or consultant fees paid from plan assets are reported on Schedule C — shown below, tagged Sch. C. What Schedule C does not capture is advisor pay the employer makes from its own corporate funds instead of plan assets, which is not reportable, so the filed figure can be lower than what an advisor is paid in total.
The 2025 filings on file so far are from smaller plans; the main plan has not filed 2025 yet. The analysis year is 2024, the latest year that is complete and benchmarked.
Broker identity on this page is limited for public viewers. Sign in with your work email or share your plan basics for the full breakdown on your company.
Commission rates by benefit line
Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.
Analysis year 2024 — the same year as the headline figure and per-participant rate above. The 2025 filings on file so far are from smaller plans; the main plan has not filed 2025 yet.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 581 · 40,346 lives · Life | 0.3% | med 4.4% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 588 · 30,745 lives · Life | 0.2% | med 4.4% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 581 · 16,218 lives · Life | 0.2% | med 4.4% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 589 · 8,199 lives · Life | 1.7% | med 5.9% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 580 · 22,062 lives · Life | 0.3% | med 4.4% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 576 · 5,761 lives · Life, Other (ACCIDENTAL DEATH AND … | 1.1% | med 5.9% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 580 · 32,567 lives · Life | 1.1% | med 4.4% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 580 · 35,945 lives · Life | 0.8% | med 4.4% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 588 · 19,027 lives · Life, Other (ACCIDENTAL DEATH AND … | 1.1% | med 4.4% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 587 · 6,973 lives · Life, Other (ACCIDENTAL DEATH AND … | 0.2% | med 5.9% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 581 · 383 lives · Life | <0.1% | med 13.0% | No commission on this contract |
| Life ($0 premium) | Ace American Insurance CompanyPlan 580 · 75,655 lives · Other (ACCIDENTAL DEATH & DISMEMBE… | 10.0% | med 2.6% | Above peer range |
| Life ($0 premium) | Metropolitan Life Insurance Company | 0.2% | med 13.0% | No commission on this contract |
| Life ($0 premium) | Ace American Insurance CompanyPlan 588 · 12,184 lives · Other (ACCIDENTAL DEATH & DISMEMBE… | 10.0% | med 4.4% | Above peer range |
| Life ($0 premium) | Ace American Insurance CompanyPlan 587 · 11,753 lives · Other (ACCIDENTAL DEATH & DISMEMBE… | 10.0% | med 4.4% | Above peer range |
How the peer group for each line was built
- Life: n=214 contracts, Northeast, 10001-50000 covered lives
- Life: n=408 contracts, Northeast, 2501-10000 covered lives
- Life: n=2,313 contracts, Northeast, 101-500 covered lives
- Life: n=35 contracts, Northeast, 50000+ covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2024 filing. These 15 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on bundled multi-line contracts, contracts with no premium reported, or Schedule C service-provider fees, none of which carry a comparable single-line rate. 2025 is not rated here. Its rows appear in Broker history above as filed — pick 2025 on the year chips there to see them.
Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. A rate on bundled multi-line premium is not comparable to a single-line rate, so bundled contracts are never given a peer position. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.
Plans on file
Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.
PN 580THE PLAN FOR GROUP INSURANCE68K participants (2024)HealthDentalLife insuranceShort-term disabilityLong-term disabilityApprenticeship / trainingSeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 579THE VERIZON CHOICES PLAN18K participants (2025)HealthLife insuranceShort-term disabilityOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 576VERIZON NEW YORK AND NEW ENGLAND RETIREE HEALTH (POST-1992 RETIREES) AND GROUP LIFE INSURANCE PLAN FOR ACTIVE AND RETIRED ASSOCIATES12K participants (2025)HealthDentalLife insuranceSeveranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 556VERIZON MEDICAL EXPENSE PLAN FOR NEW YORK AND NEW ENGLAND ASSOCIATES12K participants (2025)HealthLife insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 587VERIZON WELFARE BENEFIT PLAN FOR NEW YORK AND NEW ENGLAND ASSOCIATES12K participants (2025)OtherShort-term disabilityLong-term disabilityApprenticeship / trainingSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 588VERIZON WELFARE BENEFIT PLAN FOR MID-ATLANTIC ASSOCIATES12K participants (2024)HealthDentalLife insuranceShort-term disabilityLong-term disabilityApprenticeship / trainingSeveranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 589VERIZON GROUP UNIVERSAL LIFE PLAN7.1K participants (2025)DentalFully insured · 15 years on file
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PN 585VERIZON ASSOCIATE LONG-TERM CARE PLAN1.4K participants (2025)OtherFully insured · 5 years on file
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PN 581THE VERIZON RETIREE GROUP HEALTH PLAN FOR MGMT & NON-UNION HOURLY EMPLOYEES— participants (2025)HealthDentalLife insuranceShort-term disabilitySelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 584VERIZON BUSINESS HEALTH AND WELFARE PLAN— participants (2025)HealthDentalLife insuranceShort-term disabilitySelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 567VERIZON POST 1995 COLLECTIVELY BARGAINED RETIREE HEALTH PLAN (PRE-1993 RETIREES)— participants (2025)HealthLife insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 583VERIZON MID-ATLANTIC GROUP HEALTH PLAN FOR RETIRED ASSOCIATES (PRE 1990)— participants (2025)HealthLife insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 590VERIZON NEW YORK AND NEW ENGLAND ASSOCIATE RETIREE-ONLY HEALTH REIMBURSEMENT ARRANGEMENT PLAN— participants (2025)OtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 591VERIZON MID-ATLANTIC ASSOCIATE RETIREE-ONLY HEALTH REIMBURSEMENT ARRANGEMENT PLAN— participants (2025)OtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 582RETIREE GROUP HEALTH PLAN FOR WEST ASSOCIATES0 participants (2024)HealthShort-term disabilitySelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.
At a glance
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How do similar employers compare?
Employers in the same peer group (Other, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
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Browse more: New Jersey employer health plans · Other plans in New Jersey · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2024; newest plan year with a filing on file: 2025. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.
Report a data discrepancy
Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.