Overview

Plan Rating

BrightScope Rating
78
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (43)
Average in Peer Group (77)
Highest in Peer Group (92)

Plan Description

Verizon Savings Plan for Management Employees is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 78. This plan is 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 158,900 active participants and over $24.0B in plan assets.

Did you know?

For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (78) and the top rated plan (92) could equate to:
12
Additional years of work
11,286
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address One Verizon Way,
  • Location
    Basking Ridge , NJ
  • 07920
  • Industry
    Information
  • Administrator
    Jonathan Hayes
  • Net Plan Assets
    $24,000,000,000
  • Total Participants
    160,000
  • Avg Account Balance
    $160,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Above Average

Peer Group Plans

Company Rating
Microsoft 89.0
American Express Company 87.0
Oracle 83.8
Citigroup 79.9
Humana 79.6
JPMorgan Chase Bank, National Association 76.5
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

7

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Total US Government Securities 48%
N/A
Total Other Investments 47%
N/A
Participant Loans 2%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Fidelity
Investment Adviser
Verizon
Administration
Verizon
Consultant
Aon Hewitt
Recordkeeper
Databank Imx LLC
Consultant
Kpmg, LLP
Legal Counsel
Thompson Hine
Consultant
Mitchell & Titus, LLP
Consultant
Zeno Consulting
Consultant
Xerox HR Solutions, LLC
Consultant
Bloomberg Inc.
Legal Counsel
D. Brennan Riley
Consultant
R.R. Donnelley
Consultant
State Street Global Advisors
Consultant
Alternativesoft
Consultant
Resource Global Professionals (Rgp
Consultant
Standard & Poors Investment Advisory Services LLC
Consultant
Guidespark Inc
Legal Counsel
Kirkpatrick & Lockhart
Legal Counsel
Proskauer Rose LLP
Legal Counsel
Curtis Mallet Prevost Colt Mosle Ll
Legal Counsel
Thompson, Sizemore, Gonzalez & Hear
Auditor
Mitchell & Titus, LLP

Articles and Questions

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