Verizon Communications, Inc.

LocationBasking Ridge, NJ
Asset Size$20 billion (Savings Plan for Management)
Number of Participants10,000 or more participants
Business Telecommunications
Participation rate97%
Avg. deferral rate7.0%
No. of funds offered16
Investment ReviewQuarterly
True-up MatchNo
Match Vesting Period3 years
EligibilityImmediately
Default deferral rate3%
Default investmentCustom TDF
Auto escalationOpt-in
Ret. Income offeringNone
Fee equalizationNot Applicable
Match Rate100% of first 6% of salary
% receiving full match>75%
Max Employer Contribution9%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College savingx
Credit/debt mgtx
Tax/estate planningx
Retiree health costs/savings optionsx
  
RecordkeeperFidelity Investments
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