Verizon Communications Inc. is headquartered in New York, United States, and it provides communication and technology services to businesses, consumers, and government branches. They offer wireless and wired communication solutions, data transfer, cloud, and security services.
Verizon serves consumers like small businesses, global enterprises, and the public sector. Verizon Communications Inc. has 117,100 employees, they get access to a 401k plan:
Here is the information about the 401k Plan:
| Verizon 401k Provider | Fidelity Investments |
| Verizon 401k Plan Name | VERIZON SAVINGS PLAN FOR MANAGEMENT EMPLOYEES |
| Verizon 401k Login | https://nb.fidelity.com/static/mybenefits/netbenefitslogin/#/login |
| Verizon 401k Phone Number | 800-835-5095 |
| Verizon 401k Provider Address | PO Box 770002, Cincinnati, OH, 45277-0090 |
| Verizon 401k Plan Administrator Address & Phone | ONE VERIZON WAY, BASKING RIDGE, NJ, 07920Phone: 908-559-3342 |
About Verizon Communications
Verizon Communications Inc. is a major American telecommunications company headquartered in New York City. Established through the merger of Bell Atlantic and GTE in 2000, Verizon has grown to become one of the largest providers of wireless and wireline communications services in the United States.
The company operates through two main segments: Verizon Consumer Group, which focuses on retail customers, and Verizon Business Group, which serves enterprise and government clients. With a revenue of approximately $134 billion for the fiscal year 2023, Verizon is recognized for its extensive network coverage and innovative technology solutions, including 4G LTE and 5G services.
The company has set ambitious goals, such as achieving net-zero operational emissions by 2035 and providing digital skills training to millions of youths by 2030. As of mid-2024, Verizon serves customers in over 150 countries and has been acknowledged for its workplace environment, ranking highly on lists of military-friendly employers and organizations committed to diversity and inclusion.
With a workforce of around 118,400 employees, Verizon continues to adapt to the evolving telecommunications landscape while focusing on delivering reliable services to its vast customer base.
What benefits do Verizon employees get?
Verizon offers a comprehensive benefits package designed to support the diverse needs of its employees. Here are some of the key benefits available to Verizon team members:
Health and Wellness Benefits
Verizon provides extensive health insurance options, including medical, dental, and vision coverage, which start on the first day of employment. Employees can also access wellness programs that promote healthy living and preventive care.
The Employee Assistance Program (EAP) offers free counseling and support services for mental health, legal, and financial issues, ensuring that employees and their families have resources to manage personal challenges.
Financial Support and Retirement Plans
Employees can participate in a 401(k) retirement savings plan with a company match, which helps them prepare for their financial future. Verizon also offers an Employee Stock Purchase Plan, allowing employees to buy company stock at a discounted rate.
For those pursuing higher education, the company provides tuition assistance up to $8,000 per year for eligible courses, along with resources to help manage student debt.
Time Off and Additional Perks
Verizon employees enjoy generous paid time off (PTO), starting with five weeks for new hires, which includes holidays, personal days, and vacation time. The company also offers flexible working arrangements, including remote and hybrid work options.
Additional perks include discounts on Verizon products and services through the Employee Phone Program, as well as partner discounts on various services such as travel, electronics, and entertainment.
These benefits reflect Verizon’s commitment to fostering a supportive work environment that prioritizes the health, financial security, and overall well-being of its employees.