Verizon Communications Inc.
79
Plan:
10
72
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (79) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $6,500 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.
Retirement Plan Description
Verizon Savings and Security Plan for New York and New England Associates is a defined contribution plan with a stock bonus component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 79. This plan is in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Verizon Savings and Security Plan for New York and New England Associates currently has over 35,100 active participants and over $3.7B in plan assets.
Retirement Plan Details
| Address |
One Verizon Way, Mail Code Vc63n009
Basking Ridge, NJ 07920 |
| Industry | Information |
| Administrator | Donna Chiffriller |
| Net Plan Assets | $3,700,000,000 |
| Total Participants | 35,000 |
| Avg Account Balance | $100,000 |
Compare Other Companies in Peer Group
| Telcordia Technologies | 83.2 |
| Qualcomm | 82.2 |
| Qwest Communications International | 74.2 |
| National Telecommunications... | 68.5 |
| Sprint Nextel | 66.7 |
| BellSouth | 60.9 |
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