PlanOptica
Retirement plan

NON-CONTRIBUTORY RETIREMENT PLAN

THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #005PY 2020
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P.O. BOX 3707 M/C 6X7-04 - SEATTLE, WA 981242207866-473-2016
Other plans on this EIN
10 filings
#002Retirement-$68.80B assets#100Retirement-$34.62B assets#001Retirement-$24.07B assets#048Retirement-$3.57B assets#102Retirement-$2.38B assets#103Retirement-$1.97B assets#060Retirement-$1.03B assets#061Retirement-$206.3M assets#104Retirement-$151.8M assets#003Retirement-$93.7M assets
Prospect flagsHigh retiree %Low employer contribution

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 09/10/2021
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)
$756.8M
-0.6% from 2016
Total participants
4,174
+3.0% from 2016
Average account balance
$0
No prior year
Annual return
16.05%
-8.03 pp from 2016

Benchmarks

See 134 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort134 peers
Snapshot2020
Participant deferral / active EE
$0
median $211
Employer contribution / active EE
$2,211
median $5,885
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
16.05%
median 13.96%
Overall peer rank
45th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$513.84M
Average account balance
Total assets / participants with a balance (line 6g)
$145K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,638
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
$3.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
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
+1.89%
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 6 by compensation
ProviderService typeCompensation
CONDUENT HR SERVICES,LLC2 years
Service code 15 · EIN 20-2185976
Recordkeeping
$215,413
WILLIS TOWERS WATSON US LLC2 years
Service code 11 · EIN 53-0181291
Actuarial
$63,356
THE BOEING CO AND CONSOLIDATED SUBS6+ years
Service code 10 · EIN 91-0425694
Accounting
$37,778
DELOITTE & TOUCHE LLP2 years
Service code 10 · EIN 13-3891517
Accounting
$31,045
STATE STREET BANK AND TRUST2 years
Service code 13 · EIN 04-1867445
Contract Administrator
$15,095
FOLEY & LARDNER LLP5 years
Service code 29 · EIN 39-0473800
Legal
$11,158

Enrolled actuary

1 attachment
SB

SUZANNE C WYATT

WILLIS TOWERS WATSON US LLC
Enrollment #2005885
300 SOUTH GRAND
SUITE 2000
LOS ANGELES, CA 90071
(702) 898-5797
Signed 2021-08-12

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 codes1B1I3F3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$728K
$536 / participant
  • Investment mgmt$40K5.4%
  • Contract admin$231K31.7%
  • Other / not subdivided$457K62.9%
% of EOY assets
0.096%
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