Overview

Plan Rating

BrightScope Rating
82
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (37)
Average in Peer Group (76)
Highest in Peer Group (90)

Plan Description

Verizon Savings Plan for Management Employees is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 82. 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 166,800 active participants and over $19.9B in plan assets.

Did you know?

For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (82) and the top rated plan (90) could equate to:
6
Additional years of work
131,310
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 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address One Verizon Way, Mail Code Vc34w419
  • Location
    Basking Ridge , NJ
  • 07920
  • Industry
    Information
  • Administrator
    Jonathan Hayes
  • Net Plan Assets
    $19,900,000,000
  • Total Participants
    170,000
  • Avg Account Balance
    $120,000

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:
Low Fees
Company Generosity:
Above Average

Performance

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

Investment Menu Stats

# of Investment Options

74

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Verizon Communications, Inc. Common Stock 23%
N/A
BNY Mellon Daily Liquidity International Stock Index 10%
N/A
PIMCO Global Fixed Income 3%
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
FactSet Research Systems Inc.
Consultant
Xerox HR Solutions, LLC
Legal Counsel
Thompson Hine
Consultant
Bloomberg Inc.
Consultant
PricewaterhouseCoopers LLP
Consultant
Zeno Consulting
Consultant
Aon Hewitt
Consultant
Kpmg, LLP
Consultant
Standard & Poors Investment Advisory Services LLC
Legal Counsel
D. Brennann Riley
Consultant
Evestment Alliance LLC
Consultant
R.R. Donnelley
Auditor
Mitchell & Titus, LLP

Articles and Questions

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