Goldman Sachs Wins $70 Billion in Retirement Asset Mandates from Verizon and Lockheed Martin

GS2.60%
LMT-1.80%
VZ-0.53%
According to Goldman Sachs, the firm won deals Thursday to manage $70 billion in combined retirement assets for Verizon Communications and Lockheed Martin. The mandates include approximately $30 billion in pension assets for both companies and $40 billion in Verizon's defined-contribution retirement plan (401k) assets.
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