Discover the Potential of a Boeing Retirement Benefits Website
Justin Fitzpatrick- Boeing's pension plan has funded status, with a funded ratio of 111%, and continues to grow.
- That means Boeing has $1.1 trillion in assets, which is equal to 111% of the $1 trillion in liabilities.
- However, Boeing has 40,000 U.S. employees who are covered by the company's 401(k) plan.
Boeing Corporation (BA) is the world's largest aerospace company, with revenue of nearly $100 billion in 2019. They also support one of the largest privately held pension plans in the United States, with 72,000 participants, or retirees. The company's pension plan covers employees who have worked for the company for 30 years or more.
Boeing's pension plan has funded status, with a funded ratio of 111%, and continues to grow. That means Boeing has $1.1 trillion in assets, which is equal to 111% of the $1 trillion in liabilities. However, Boeing has 40,000 U.S. employees who are covered by the company's 401(k) plan.
The Boeing Retirement Plan
Boeing's retirement plan also offers a website that allows employees to view their retirement plan investments, balances, and account details. The website also features interactive tools, such as calculators and fund information.
Boeing's 401(k) Plan
Boeing's 401(k) retirement plan is available to all eligible employees. As of 2022, Boeing offers employees the option to choose from a selection of funds provided by the company's retirement plan provider. Employees are eligible to contribute up to 10% of their salary pre-tax, and Boeing will match 50% up to 7% of an employee's salary. For 2022, Boeing matched 6%.
Boeing Gives Back
On the Boeing Retirement Benefits website, retirees can find answers to common questions about their benefits, including:
Retirement and pension information
Eligibility for survivor benefits
Retirement and pension forms
Eligibility for other benefits
Check the Boeing Retirement Benefits website to find the information you need about your retirement and pension benefits.
Boeing Creates A Modern Website
Boeing's website hosts the retirement plan for Active Employees, Retirees, and Former Employees.
The Boeing Retirement Plans website (www.boeing.com) provides an easy-to-use navigation bar for quick access to plan details, forms, and documents.
The home page displays links to plan details, enrollment, forms, and documents.
Boeing's Retiree Website
Website: Retirees.boeing.com
Boeing's Retiree Website is a free resource that assists retired Boeing employees and their families with a wide range of resources. The Retiree Website provides information on various forms of health care, including Medicare, as well as helpful financial resources.
Boeing's Retiree Website Pricing
Retired employees can obtain a login to the Retiree Website by using their Boeing ID number. Retirees don't have to pay to access the website. In fact, the Boeing Retiree Website is a benefit the company provides to its employees at no cost.
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The Bottom Line
Boeing's retirement website offers a few benefits to current and future employees. For those who need guidance, the website provides much more information than what is available through the Boeing website. However, Boeing's retirement website does not offer much in terms of retirement planning, which leaves some room for the website to improve.
