Retirement plan
THE PENSION VALUE PLAN FOR EMPLOYEES OF THE BOEING COMPANY
THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #100PY 2016
P.O. BOX 3707 M/C 9U7-03 - 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 09/06/2017
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)
$29028M
-0.9% from 2016
Total participants
175,567
+1.8% from 2016
Average account balance
$0
No prior year
Annual return
7.07%
-8.27 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort32 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $61
0
Employer contribution / active EE
$0
median $5,746
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
35
Annual return
7.07%
median 7.59%
Overall peer rank
35of 100
35th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$23.34B
Average account balance
Total assets / participants with a balance (line 6g)
$202K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
88,420
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
$1.22B
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$33K
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
+1.75%
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 10 of 12 by compensation
| Provider | Service type | Compensation |
|---|---|---|
XEROX HR SOLUTIONS, LLC2+ years Service code 13 · EIN 16-4068020 | Contract Administrator | $8,356,697 |
Service code 10 · EIN 91-0425694 | Accounting | $3,006,919 |
Service code 13 · EIN 04-3581074 | Contract Administrator | $1,150,028 |
AYCO2+ years Service code 49 · EIN 33-1187432 | Other Services | $412,450 |
WILLIS TOWERS WATSON2+ years Service code 11 · EIN 53-0181291 | Actuarial | $281,324 |
PLANTE & MORAN, PLLC2+ years Service code 10 · EIN 38-1357951 | Accounting | $98,556 |
DCG ONE2+ years Service code 36 · EIN 91-2132033 | Direct payment from the plan; Copying... | $91,528 |
DELOITTE & TOUCHE, LLP2+ years Service code 10 · EIN 13-3891517 | Accounting | $42,155 |
HERRONPALMER, LLC1 year Service code 16 · EIN 45-4725418 | Consulting | $18,923 |
FOLEY & LARDNER LLP1 year Service code 29 · EIN 39-0473800 | Legal | $13,818 |
Enrolled actuary
1 attachment
SB
SUZANNE C. WYATT
TOWERS WATSON DELAWARE, INC.
Enrollment #1705855
300 SOUTH GRAND AVENUE, SUITE 2000
LOS ANGELES, CA 90071
(702) 898-5797
Signed 2017-08-17
Reportable transactions (Schedule G)
11 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 | AYCO | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO PAY EXPENSES THAT SHOULD NOT HAVE BEEN PAID BY THE PLAN | — | — |
| Part 3 Non-exempt transaction | WILLIAM BLAIR | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
| Part 3 Non-exempt transaction | PIMCO | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
| 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 | DRINKER BIDDLE REATH LLP | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
| Part 3 Non-exempt transaction | THE BOEING COMPANY | PLAN SPONSOR PLAN ASSETS WERE INADVERTENTLY RECEIVED BY THE PLAN SPONSOR | — | — |
| Part 3 Non-exempt transaction | KIRKLAND & ELLIS | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
| Part 3 Non-exempt transaction | DRINKER BIDDLE REATH | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
| Part 3 Non-exempt transaction | GUNDERSON DETTMER | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
| 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 | BLOOMBERG | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY | — | — |
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 codes1C1I3F3H
Plan features
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1IFrozen planAs 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.
- 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
$114.3M
$2040 / participant
- Investment mgmt$2M1.8%
- Contract admin$10M8.3%
- Other / not subdivided$103M89.9%
% of EOY assets
0.394%
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
- PLANTE & MORAN, PLLC
- Auditor EIN
- 381357951
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified