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 84, 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, Participation Rate, Salary Deferral, and Total Plan Cost. Verizon Savings Plan for Management Employees currently has over 144,500 active participants and over $19.9B in plan assets.
|1.||Verizon Communications, Inc. Common Stock||24%|
|2.||BNY Mellon Daily Liquidity Stock Index||10%|
|3.||Fidelity Stable Value Fund||6%|
One Verizon Way, Mail Code Vc34e249
Basking Ridge, NJ 07920
|Net Plan Assets||$19,900,000,000|
|Avg Account Balance||$140,000|
|Board of Trustees Heavy & General...||66.4|
|Time Warner Cable||65.9|
|Consultant||Xerox HR Solutions, LLC|
|Consultant||FactSet Research Systems Inc.|
|Legal Counsel||Thompson Hine|
|Consultant||Standard & Poors Investment Advisory Services LLC|
|Legal Counsel||Covington & Burling|
|Legal Counsel||Duane Morris|
|Consultant||Evestment Alliance LLC|
|Legal Counsel||Kirkpatrick & Lockhart|
|Auditor||Mitchell & Titus, LLP|
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.