Retirement plan
THE PENSION VALUE PLAN FOR EMPLOYEES OF THE BOEING COMPANY
THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #100PY 2019
P.O. BOX 3707 M/C 6X7-04 - SEATTLE, WA 981242207866-473-2016
Prospect flagsHigh retiree %High feesLow participationLow assets / participantHigh assets / participantWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
HEATHER HAYNES-O'BRIEN
Signed 09/14/2020
Plan administrator entity
EMPLOYEE BENEFIT PLANS COMMITTEE
EIN 582405861
100 N. RIVERSIDE PLAZA · CHICAGO, IL 606061596
(312) 544-2297Summary metrics
Total assets (EOY)
$30949.7M
-0.9% from 2016
Total participants
132,745
+1.8% from 2016
Average account balance
$1,719,429,966
No prior year
Annual return
19.22%
-8.27 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort222 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $57
0
Employer contribution / active EE
$0
median $5,966
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$1,719,429,966
median $894,319,009
0
Admin fee / account holder
$5,483,086
median $2,968,729
72
Annual return
19.22%
median 16.59%
Overall peer rank
18of 100
18th 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 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CONDUENT HR SERVICES, LLC3 years Service code 15 · EIN 20-2185976 | Recordkeeping | $6,835,922 |
Service code 10 · EIN 91-0425694 | Accounting | $2,646,203 |
Service code 13 · EIN 04-1867445 | Contract Administrator | $740,872 |
Service code 11 · EIN 53-0181291 | Actuarial | $380,007 |
DELOITTE & TOUCHE LLP1 year Service code 10 · EIN 13-3891517 | Accounting | $123,391 |
AON CONSULTING, INC.1 year Service code 17 · EIN 22-2232264 | Pension Consulting | $90,153 |
STATE STREET GLOBAL ADVISORS3 years Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $90,153 |
K&L GATES LLP1 year Service code 29 · EIN 25-0921018 | Legal | $54,092 |
FOLEY & LARDNER LLP4 years Service code 29 · EIN 39-0473800 | Legal | $30,678 |
HERRONPALMER1 year Service code 16 · EIN 46-5438594 | Consulting | $28,688 |
Enrolled actuary
1 attachment
SB
SUZANNE C WYATT
WILLIS TOWERS WATSON US LLC
Enrollment #2005855
300 SOUTH GRAND
SUITE 2000
LOS ANGELES, CA 90071
(213) 337-6000
Signed 2020-08-13
Reportable transactions (Schedule G)
2 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 | WILLIS TOWERS WASTON | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER | — | — |
| 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
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
6 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
- OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
- 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
$98.7M
$2253 / participant
- Investment mgmt$2M2.1%
- Contract admin$8M7.7%
- Other / not subdivided$89M90.2%
% of EOY assets
0.319%
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