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Retirement plan

THE PENSION VALUE PLAN FOR EMPLOYEES OF THE BOEING COMPANY

THE BOEING CO. AND CONSOLIDATED SUBSIDIARIESEIN 91-0425694Plan #100PY 2022
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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-$63.50B assets#001Retirement-$17.06B assets#048Retirement-$2.53B assets#102Retirement-$1.80B assets#103Retirement-$1.46B assets#005Retirement-$574.6M assets#060Retirement-$549.4M assets#061Retirement-$122.4M assets#104Retirement-$105.1M assets#003Retirement-$66.4M 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
INGRID J WILLIAMS
Signed 09/29/2023
Plan administrator entity
EMPLOYEE BENEFIT PLANS COMMITTEE
EIN 582405861
100 N. RIVERSIDE PLAZA · CHICAGO, IL 606061596
(312) 544-2297
How to read this page

Summary metrics

Total assets (EOY)
$25232.7M
-0.9% from 2016
Total participants
121,408
+1.8% from 2016
Average account balance
$0
No prior year
Annual return
-19.69%
-8.27 pp from 2016

Benchmarks

See 204 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort204 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$0
median $6,003
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,469,698
Admin fee / account holder
$0
median $19,323
Annual return
-19.69%
median -13.75%
Overall peer rank
22nd 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 8 by compensation
ProviderService typeCompensation
CONDUENT HR SERVICES, LLC6 years
Service code 15 · EIN 20-2185976
Recordkeeping
$5,892,062
FIDELITY INV INST'L OP CO, LLC1 year
Service code 15 · EIN 04-3532603
Recordkeeping
$2,219,913
THE BOEING CO AND CONSOLIDATED SUBS8+ years
Service code 10 · EIN 91-0425694
Accounting
$1,900,270
STATE STREET BANK AND TRUST4 years
Service code 13 · EIN 04-1867445
Contract Administrator
$525,562
WILLIS TOWERS WATSON US LLC4 years
Service code 11 · EIN 53-0181291
Actuarial
$458,328
HERRONPALMER4 years
Service code 16 · EIN 46-5438594
Consulting
$299,018
DELOITTE & TOUCHE LLP4 years
Service code 10 · EIN 13-3891517
Accounting
$140,180
FOLEY & LARDNER LLP7 years
Service code 29 · EIN 39-0473800
Legal
$45,188

Enrolled actuary

1 attachment
SB

ERIK A HEISKANEN

WILLIS TOWERS WATSON US LLC
Enrollment #2307772
600 UNIVERSITY STREET
SUITE 3100
SEATTLE, WA 981011125
(206) 625-1125
Signed 2023-07-26

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 codes1C1I3F3H
Plan features
  • 1C
    Cash balance or similar plan
    A 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).
  • 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
  • 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
$97.7M
$3096 / participant
  • Investment mgmt$2M1.6%
  • Contract admin$9M8.8%
  • Other / not subdivided$87M89.5%
% of EOY assets
0.387%
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