Verizon Communications Inc.
82
Plan:
43
72
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (82) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
4 additional years of work Up to $101,500 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 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 82, 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 87,300 active participants and over $10.7B 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 | $10,700,000,000 |
| Total Participants | 87,000 |
| Avg Account Balance | $120,000 |
Compare Other Companies in Peer Group
| CBS | 77.7 |
| Qwest Communications International | 74.2 |
| Cellco Partnership d/b/a Verizon... | 72.8 |
| Sprint Nextel | 66.7 |
| AT&T | 65.3 |
| BellSouth | 60.9 |
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