Language Selector
Log Out
Menu

CURRENT UNION-REPRESENTED EMPLOYEES AND BAO C2

The Boeing Company 401(k) Retirement Plan, Boeing 401(k) for short is available to eligible employees. Fidelity is your service provider for the plan. Edelman Financial Engines continues to provide Boeing 401(k) participants with retirement planning tools and advice.

Catch-up contributions are not a separate election. You only need to elect your contribution percentage once (which may include a catch-up if desired). If the pre-tax/Roth IRS contribution limit is reached in the Boeing 401(k), contributions will automatically spillover into catch-up contributions before after-tax contributions. If you previously elected catch-up contributions, then you will need to increase your total contribution by that value to continue saving the same amount. 

Automated Roth conversion: Fidelity will automatically convert any after-tax contributions you make to a Roth account in the Boeing 401(k) if you opt-in. With a Roth account, your contributions grow tax-free and, as long as you meet certain requirements*, all your withdrawals are tax-free. This may be an option for those who expect to be in a higher tax bracket after retiring.

 

*A distribution from a Roth 401(k) is federally tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, or death.

Withdrawal options: You can now withdraw up to $5,000 from your 401(k) account following the birth or adoption of a child without having to pay an early withdrawal penalty.

Go to the FAQs to learn more about the Boeing 401(k) plan features.

For questions about your personal retirement options or to learn more about the retirement investment and planning services available to you, please contact Edelman Financial Engines. You may reach them by calling Worklife at 866-473-2016 and requesting Retirement Benefits, then Edelman Financial Engines.

Investing involves risk, including risk of loss.

Every effort has been made to provide accurate information in this summary. This summary is for informational purposes only; it does not constitute a contract or contractual obligation. In the event of a conflict between this summary and applicable retirement plan documents sponsored by The Boeing Company, the terms of the applicable retirement plan documents will control. Copies of plan-related documents are available by written request to the Plan Administrator at the address provided in the applicable plan’s summary plan description booklet. The Boeing Company reserves the right to change, modify, amend, or terminate any or all of the provisions of the plan at any time and for any reason for employees, former employees, retirees, and their dependents and/or beneficiaries, subject to an applicable collective bargaining agreement.

Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. Used with permission. Edelman Financial Engines is not affiliated with Fidelity Investments or its affiliates.

The Boeing Company and Fidelity Investments are not affiliated. Fidelity is a service provider to Boeing.

The third parties mentioned herein and Fidelity Investments are independent entities and are not legally affiliated.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

©2021-2023 FMR LLC. All rights reserved.

993582.8.1