BrightScope Rating
Company:
Avaya Inc.
Plan:
Avaya Inc. Savings Plan for Salaried Employees
Avaya Inc.
85
Plan:
17
63
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (85) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $247,900 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Avaya Inc. Savings Plan for Salaried Employees is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 85, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, and Account Balances. Avaya Inc. Savings Plan for Salaried Employees currently has over 5,800 active participants and over $1.0B in plan assets.
Plan Details
| Address | 211 Mount Airy Road, Room 3E029 Basking Ridge, NJ 07920 |
| Industry | Telecommunications |
| Administrator | Michele Jardine Gruber |
| Net Plan Assets | $1,030,000,000 |
| Total Participants | 11,000 |
| Avg Account Balance | $93,000 |
Top 3 Investment Holdings
| 1. | Dodge & Cox Stock | 12% |
| 2. | Avaya Inc. Common Stock Fund | 8% |
| 3. | Vanguard Institutional Total Stock Market Index | 8% |
Other Companies in Peer Group
| 84.8 | |
| Telcordia Technologies | 80.7 |
| Alltel | 66.4 |
| Telephone and Data Systems | 65.5 |
| Charter Communications | 58.0 |
| Tribune Company | 52.4 |
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