Retirement plan
THE PENSION VALUE PLAN FOR EMPLOYEES OF THE BOEING COMPANY
THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #100PY 2017
P.O. BOX 3707 M/C 9U7-03 - SEATTLE, WA 981242207866-473-2016
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
HEATHER HAYNES-O'BRIEN
Signed 06/16/2019
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)
$32319.5M
-0.9% from 2016
Total participants
153,868
+1.8% from 2016
Average account balance
$0
No prior year
Annual return
14.80%
-8.27 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $19
53
Employer contribution / active EE
$33,810
median $14,389
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $14,491,905
0
Admin fee / account holder
$0
median $81,210
73
Annual return
14.80%
median 12.93%
Overall peer rank
63of 100
63rd 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 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 20-2185976 | Contract Administrator | $6,964,350 |
Service code 10 · EIN 91-0425694 | Accounting | $3,249,868 |
Service code 13 · EIN 04-1867445 | Contract Administrator | $1,005,662 |
WILLIS TOWERS WATSON3+ years Service code 11 · EIN 53-0181291 | Actuarial | $634,386 |
AON HEWITT1 year Service code 17 · EIN 36-3109431 | Pension Consulting | $181,240 |
Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $135,000 |
PLANTE & MORAN, PLLC3+ years Service code 10 · EIN 38-1357951 | Accounting | $84,116 |
K&L GATES1 year Service code 29 · EIN 25-0921018 | Legal | $67,302 |
DELOITTE & TOUCHE, LLP3+ years Service code 10 · EIN 13-3891517 | Accounting | $42,154 |
HERRONPALMER, LLC2 years Service code 16 · EIN 46-5438594 | Consulting | $16,853 |
Enrolled actuary
1 attachment
SB
SUZANNE C WYATT
TOWERS WATSON DELAWARE INC.
Enrollment #1705855
300 SOUTH GRAND, SUITE 2000
LOS ANGELES, CA 90071
(702) 898-5797
Signed 2018-08-16
Reportable transactions (Schedule G)
7 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 | GUNDERSON DETTMER | 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 | BLOOMBERG | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER | — | — |
| Part 3 Non-exempt transaction | DEUTSCHE BANK | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER | — | — |
| 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 | — | — |
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
1 tripped
- 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
$115.3M
$2266 / participant
- Investment mgmt$2M1.9%
- Contract admin$8M6.9%
- Other / not subdivided$105M91.1%
% of EOY assets
0.357%
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