diff --git a/panelizer.module b/panelizer.module
index 6389b3f..8e313ab 100644
--- a/panelizer.module
+++ b/panelizer.module
@@ -1715,6 +1715,16 @@ function panelizer_form_panels_ipe_edit_control_form_alter(&$form, &$form_state)
     }
   }
 
+  // If this panelizer has a choice, the save_default button text should
+  // use the name of the panel
+  if ($handler->has_panel_choice($bundle)) {
+    $default_name = $panelizer->title;
+  }
+  else {
+    // Otherwise, we just use the bundle name.
+    $default_name = $entity_info['bundles'][$bundle]['label'];
+  }
+
   // Add another button to save as the default instead:
   $form['buttons']['save_default'] = array(
     '#type' => 'submit',