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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 2023
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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-$72.25B assets#001Retirement-$16.33B assets#048Retirement-$2.48B assets#102Retirement-$1.81B assets#103Retirement-$1.46B assets#005Retirement-$551.9M assets#060Retirement-$489.7M assets#061Retirement-$115.5M assets#104Retirement-$104.9M assets#003Retirement-$67.3M 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
GREGORY D. MARCHAND
Signed 09/09/2024
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)
$25042.2M
-0.9% from 2016
Total participants
118,601
+1.8% from 2016
Average account balance
$0
No prior year
Annual return
7.49%
-8.27 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$0
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
7.49%
median 8.27%
Overall peer rank
39th 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
FIDELITY INV INST'L OP CO, LLC2 years
Service code 15 · EIN 04-3532603
Recordkeeping
$3,641,904
THE BOEING CO AND CONSOLIDATED SUBS9+ years
Service code 10 · EIN 91-0425694
Accounting
$2,941,558
WILLIS TOWERS WATSON US LLC5 years
Service code 11 · EIN 53-0181291
Actuarial
$259,947
DELOITTE & TOUCHE LLP5 years
Service code 10 · EIN 13-3891517
Accounting
$150,570
CONDUENT HR SERVICES LLC1 year
Service code 99 · EIN 04-3609848
Other Fees
$129,252
HERRONPALMER5 years
Service code 16 · EIN 46-5438594
Consulting
$80,332
FOLEY & LARDNER LLP8 years
Service code 29 · EIN 39-0473800
Legal
$76,025
STATE STREET BANK AND TRUST5 years
Service code 49 · EIN 04-1867445
Other Services
$60,950

Enrolled actuary

1 attachment
SB

SUZANNE C. WYATT

WILLIS TOWERS WATSON US LLC
Enrollment #2305855
300 SOUTH GRAND
SUITE 2000
LOS ANGLES, CA 90071
(213) 337-5741
Signed 2024-07-22

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
$98.2M
$3323 / participant
  • Legal$76K0.1%
  • Actuarial$237K0.2%
  • Salaries / allowances$3M3.0%
  • Contract admin$4M3.9%
  • Other / not subdivided$91M92.8%
% of EOY assets
0.392%
all-in expense ratio
Categories reported
4 / 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
$150,570
Opinion code
Unqualified