Goldman Sachs Wins $70 Billion Retirement Assets Mandate from Verizon and Lockheed Martin

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Goldman Sachs announced yesterday it has secured a mandate to manage $70 billion in retirement assets for Verizon Communications and Lockheed Martin. The contract includes approximately $30 billion in pension assets from both companies and $40 billion in Verizon's defined contribution retirement plan assets, typically comprising employee 401(k) accounts.
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