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Retirement plan

THE BOEING COMPANY EMPLOYEE RETIREMENT PLAN

THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #001PY 2019
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P.O. BOX 3707 M/C 6X7-04 - SEATTLE, WA 981242207866-473-2016
Other plans on this EIN
8 filings
#002Retirement-$67.17B assets#100Retirement-$30.95B assets#048Retirement-$3.36B assets#102Retirement-$2.16B assets#103Retirement-$1.80B assets#060Retirement-$1.15B assets#005Retirement-$682.1M assets#061Retirement-$218.4M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(866) 473-2016
Plan administrator signer
HEATHER HAYNES-O'BRIEN
Signed 04/02/2021
Plan administrator entity
EMPLOYEE BENEFIT PLANS COMMITTEE
EIN 582405861
100 N. RIVERSIDE PLAZA · CHICAGO, IL 606061596
(312) 544-2297
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Summary metrics

Total assets (EOY)
$20800.3M
-1.4% from 2016
Total participants
135,274
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
18.94%
-8.03 pp from 2016

Benchmarks

See 222 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort222 peers
Snapshot2019
Participant deferral / active EE
$0
median $57
Employer contribution / active EE
$0
median $5,966
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $894,319,009
Admin fee / account holder
$0
median $2,968,729
Annual return
18.94%
median 16.59%
Overall peer rank
69th 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 7 by compensation
ProviderService typeCompensation
CONDUENT HR SERVICES, LLC3 years
Service code 15 · EIN 20-2185976
Recordkeeping
$6,495,591
THE BOEING CO AND CONSOLIDATED SUBS5+ years
Service code 10 · EIN 91-0425694
Accounting
$1,724,168
STATE STREET BANK AND TRUST1 year
Service code 13 · EIN 04-1867445
Contract Administrator
$510,698
WILLIS TOWERS WATSON US LLC1 year
Service code 11 · EIN 53-0181291
Actuarial
$182,338
DELOITTE & TOUCHE, LLP5+ years
Service code 10 · EIN 13-3891517
Accounting
$99,527
FOLEY & LARDNER LLP4 years
Service code 29 · EIN 39-0473800
Legal
$44,442
HERRONPALMER1 year
Service code 16 · EIN 46-5438594
Consulting
$26,062

Enrolled actuary

1 attachment
SB

EMILY L. CARLSON

WILLIS TOWERS WATSON US LLC
Enrollment #2006985
600 UNIVERSITY STREET
SUITE 3100
SEATTLE, WA 981011176
(206) 625-1125
Signed 2020-12-08

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
ERNST & YOUNG
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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Excess Compensation Contribution Plan24 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan 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
$95.3M
$2147 / participant
  • Investment mgmt$1M1.5%
  • Contract admin$7M7.4%
  • Other / not subdivided$87M91.2%
% of EOY assets
0.458%
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