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.
|1.||Verizon Communications, Inc. Common Stock||25%|
|2.||BNY Mellon Daily Liquidity Stock Index||9%|
|3.||Verizon Management Income||4%|
One Verizon Way, Mail Code Vc34e249
Basking Ridge, NJ 07920
|Net Plan Assets||$13,100,000,000|
|Avg Account Balance||$180,000|
|Bank of America||87.7|
|Morgan Stanley Domestic Holdings||83.5|
|State Farm Mutual Automobile...||71.4|
|Consultant||FactSet Research Systems Inc.|
|Legal Counsel||Thompson Hine|
|Consultant||Xerox HR Solutions, LLC|
|Legal Counsel||Covington & Burling|
|Legal Counsel||Proskauer Rose LLP|
|Consultant||Standard & Poors Investment Advisory Services LLC|
|Legal Counsel||Duane Morris|
|Consultant||Evestment Alliance LLC|
|Auditor||Mitchell & Titus, LLP|
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