XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN
Plan Contact
- Address: ONE VERIZON WAY,BASKING RIDGE,NJ
- Contact person: MAUREEN SCHAFFER
- Phone: (972) 509-2306
Plan General Information
XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2017, the total number of retirement plan participants in XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN is 3590
XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN is $2,990.00.
XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN is approximately $424.00
Investing in this additonal $424.00 for 20 years would give you extra $27,150.00, assuming a 10% annual return.
Investing in this additonal $424.00 for 20 years would give you extra $27,150.00, assuming a 10% annual return.
XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2017, XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN allocates $1,522,991.00 to match its employees' contributions, providing an employer match rate of 28.37% of their contributions
Enrollment Features
XO COMMUNICATIONS 401(K) SAVINGS AND RETIREMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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