Retirement plan
THE BOEING COMPANY EMPLOYEE RETIREMENT PLAN
THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #001PY 2018
P.O. BOX 3707 M/C 6X7-04 - SEATTLE, WA 981242207866-473-2016
Prospect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
HEATHER HAYNES-O'BRIEN
Signed 09/09/2019
Plan administrator entity
EMPLOYEE BENEFIT PLANS COMMITTEE THE BOEING COMPANY
EIN 582405861
100 N. RIVERSIDE PLAZA · CHICAGO, IL 606061596
(312) 544-2297Summary metrics
Total assets (EOY)
$18763.8M
-1.4% from 2016
Total participants
138,815
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
-4.08%
-8.03 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort223 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $34
0
Employer contribution / active EE
$0
median $5,100
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $7,764,297
0
Admin fee / account holder
$0
median $62,356
44
Annual return
-4.08%
median -3.72%
Overall peer rank
44of 100
44th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$15.38B
Average account balance
Total assets / participants with a balance (line 6g)
$133K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
85,193
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$1.75B
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$47K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.79%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CONDUENT HR SERVICES, LLC2 years Service code 13 · EIN 20-2185976 | Contract Administrator | $5,441,026 |
Service code 10 · EIN 91-0425694 | Accounting | $2,170,503 |
Service code 13 · EIN 04-1867445 | Contract Administrator | $455,371 |
WILLIS TOWERS WATSON4+ years Service code 11 · EIN 53-0181291 | Actuarial | $206,682 |
PLANTE & MORAN, PLLC4+ years Service code 10 · EIN 38-1357951 | Accounting | $37,276 |
DELOITTE & TOUCHE, LLP4+ years Service code 10 · EIN 13-3891517 | Accounting | $27,022 |
ALIGHT SOLUTIONS LLC1 year Service code 38 · EIN 82-1061233 | Participant Communication | $24,375 |
FOLEY & LARDNER LLP3 years Service code 29 · EIN 39-0473800 | Legal | $23,197 |
GUIDESPARK1 year Service code 49 · EIN 26-2229814 | Other Services | $9,750 |
Enrolled actuary
1 attachment
SB
EMILY L. CARLSON
WILLIS TOWERS WATSON US LLC
Enrollment #1706985
600 UNIVERSITY STREET
SUITE 3100
SEATTLE, WA 981011176
(206) 625-1125
Signed 2019-05-16
Reportable transactions (Schedule G)
5 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | J O HAMBRO | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER | — | — |
| Part 3 Non-exempt transaction | J.P. MORGAN | TRUSTEE PLAN ASSETS WERE INADVERTENTLY USED TO MAKE OVERPAYMENTS TO THE TRUSTEE | — | — |
| Part 3 Non-exempt transaction | J.P. MORGAN | TRUSTEE PLAN ASSETS WERE INADVERTENTLY RECEIVED BY THE TRUSTEE | — | — |
| Part 3 Non-exempt transaction | FINANCIAL RECOVERY TECHNOLOGIES | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER. | — | — |
| Part 3 Non-exempt transaction | DRINKER BIDDLE | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER. | — | — |
Top hat statement on fileNQDC
Filed March 17, 2022 (most recent of 7 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
100 North Riverside Plaza, MC 5002-8421
Chicago, IL 60606
Plans declared (1)
- Excess Compensation Contribution Plan24 emp
Plan features & details
Pension benefit codes1A3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$42.9M
$927 / participant
- Investment mgmt$1M3.2%
- Contract admin$6M13.7%
- Other / not subdivided$36M83.0%
% of EOY assets
0.229%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- DELOITTE & TOUCHE, LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified