4 additional years of work Up to $101,100 in lost retirement savings.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.
| 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 |
| 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 |
| 1. | Verizon Communications, Inc. Common Stock | 25% |
| 2. | Fidelity Stable Value Fund | 8% |
| 3. | BNY Mellon Daily Liquidity Stock Index | 8% |
| Recordkeeper | Fidelity |
| Investment Adviser | Verizon Communications |
| Administration | Verizon Communications |
| Consultant | Curcio Webb |
| Administration | Aon Hewitt EnnisKnupp |
| Auditor | Mitchell & Titus, LLP |
| Corporate Trustee | Fidelity |
| Corporate Trustee | BNY Mellon |
BrightScope Rating
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