Verizon Communications Inc.
73
Plan:
10
72
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (73) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $106,700 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 and Security Plan for West Hourly Employees is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Total Plan Cost. Verizon Savings and Security Plan for West Hourly Employees currently has over 21,300 active participants and over $1.1B 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 | $1,140,000,000 |
| Total Participants | 21,000 |
| Avg Account Balance | $54,000 |
Compare Other Companies in Peer Group
| Ericsson | 83.2 |
| Qualcomm | 82.2 |
| Avaya | 81.4 |
| National Telecommunications... | 68.5 |
| Embarq | 66.7 |
| AT&T | 62.3 |
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