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Company:
Verizon Communications, Inc.
Plan:
Verizon Savings Plan for Management Employees
 

Verizon Communications, Inc.

87 Plan:

 
 
87
43
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 4 point difference between this plan's BrightScope Rating (87) and the top rated plan (91) could equate to:
[How is this calculated?]
4 additional years of work
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 Plan for Management Employees is a defined contribution plan with a profit-sharing component, 401k feature, ESOP component, and leveraged ESOP component. This plan has a BrightScope Rating of 87, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Verizon Savings Plan for Management Employees currently has over 73,600 active participants and over $13.1B in plan assets.


 Investment Menu Statistics

No. of Investment Options
61
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Verizon Communications, Inc. Common Stock 25%
2. BNY Mellon Daily Liquidity Stock Index 9%
3. Verizon Management Income 4%

 Retirement Plan Details

Address One Verizon Way, Mail Code Vc34e249
Basking Ridge, NJ 07920 
Industry Information
Administrator Jonathan Hayes
Net Plan Assets $13,100,000,000
Total Participants 74,000
Avg Account Balance $180,000

 Compare Other Companies in Peer Group

Bank of America 87.7
Fmr LLC 84.8
Microsoft 84.4
Morgan Stanley Domestic Holdings 83.5
Citigroup 78.7
State Farm Mutual Automobile... 71.4

  Plan Service Providers

Recordkeeper Fidelity
Investment Adviser Verizon
Administration Verizon
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Legal Counsel Proskauer Rose LLP
Consultant S&P Indicies
Legal Counsel Duane Morris
Consultant Evestment Alliance LLC
Auditor Mitchell & Titus, LLP