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CURRENT NONUNION EMPLOYEES AND CMM & IC LOCAL 721, SPFPA 159, IAM 725, IUOE LOCAL 302 (POWER PLANT), AND IUOE LOCAL 501 (WELDORS)


The Boeing Company 401(k) Retirement Plan, Boeing 401(k) for short, is an industry leading plan to help you have a great career and a great life in retirement. The Boeing 401(k) includes many best-in-class features including 100% immediate vesting, an automated after-tax to Roth conversion feature and an in-service withdrawal option for a qualifying birth or adoption. Learn about key features below. For quick overviews, check out the and FAQs and Fact Sheets:

  • Fact Sheet (IUOE Local 302 (Power Plant))
  • Fact Sheet (IUOE Local 501 (Weldors))

  • Fact Sheet (Current nonunion employees and CCM & IC Local 721, SPFPA 159, and IAM 725)

     

How does the Boeing match impact your retirement savings?

See Examples

How you maximize the company match

How does Boeing match impact your savings? Review the chart below and these examples to see ways to maximize your match.

 

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Things to remember

Keep these key program features in mind as you review your retirement goals and how the Boeing 401(k) can you help you meet them. 

Annual Increase Program (AIP): If you enroll in Annual Increase Program (AIP) in the The Boeing Company 401(k) Retirement Plan, your contribution rate will increase on April 1 of each year. Your contributions will escalate until you reach the 10% Company Match cap. 

Catch-up Contributions: 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. Remember catch-up contributions are eligible for the Company Match (up to 10%).

Roth Account Auto Conversion: Fidelity will automatically convert any after-tax contributions you make to a Roth account in the Boeing 401(k). 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.

Birth/ Adoption Withdrawals: 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.

Hardship Withdrawals: Eligible employees who take a hardship withdrawal, will continue receiving the company match without interruption on their contributions following a withdrawal.

Student Loan Payment Match into Your 401(k): Helps eligible employees with student loan debt stay on track with retirement savings by providing special matching contributions to the 401(k) plan based on an employee’s student loan repayments. Enrollment will open Fall 2024 and additional program information will be provided.

Please note: Boeing Aerospace Operations employees also transitioned to Fidelity in 2022, but continue to remain with their pre-2022 401(k) benefits.

Go to the FAQs to learn more about the redesigned Boeing 401(k) plan features and other Boeing retirement plans with Fidelity.
Investing involves risk, including risk of loss.

Every effort has been made to provide accurate information in this summary. The information is for informational purposes only; it does not constitute a contract or contractual obligation. In the event of a conflict between this summary and The Boeing Company 401(k) Retirement Plan document, the terms of The Boeing Company 401(k) Retirement Plan document will control. Copies of plan-related documents are available by written request to the Plan Administrator at the address provided in the 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.

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