in the Boeing 401(k). Boeing Financial Benefits Service Center 1-866-422-3539 Representatives are available Monday-Friday (except most New York Stock Exchange holidays) from 8:30 a.m. to midnight . Want to work on next-generation defense technologies? Edelman Financial Engines is not affiliated with Fidelity Workplace Services, LLC or its affiliates. How can I contact Boeings Investor Relations? Now that I have a long-term plan, I use the online tools to make sure Im staying on track and that my payment plan is still the best strategy for me.*. In each of the splits shown above, new certificates were issued for the additional shares and sent by the transfer agent to the registered shareholders. Instead of having to visit a particular website, RSS will automatically send a notification when the subscribed section has been updated. This is the employer's chance to tell you why you should work for them. COVID-19 vaccines and booster shots are free to Boeing employees and their families in the U.S. To learn more about where to get a COVID-19 vaccine, visit www.vaccines.gov. Too many layoffs, Reviewed by: Financial Analyst in San Antonio, TX (Current Employee), Great benefits, decent pay, some stability, Lack of promotion, opportunity. Except as otherwise set forth below, the Plan shall be implemented by a series of Offerings during Ive got big plans for my retirement: some travel to see family, but a few bucket-list trips, too. To the extent any There is persistent negativity amongst the workforce. Participants Account that have not been used to purchase Common Stock shall be returned to the Participant (or the Participants estate, in the event of the Participants death). intended to be exempt from the application of Section409A of the Code and, to the extent not exempt, is intended to comply with Section409A of the Code, and any ambiguities herein will be interpreted to so be exempt from, or comply with, The Boeing EAP provides up to six confidential counseling sessions per issue per year for each covered individual. (a)In General. No interest will be paid or allowed on any money in Participants Accounts, except to the extent If you require hard copies of any materials you may visit the Request Reports page or submit a request through the Contact Us page. 9.3No Rights as a Shareholder. Sporadic hiring freezes. Your compensation reflects your contribution to the business, and if eligible, youll have the chance to share in the companys success through incentive pay programs. The Plan is intended to constitute an Advisory services may include a fee. To save resources and reduce Boeings printing and mailing costs, registered shareholders can elect to receive future proxy materials and other shareholder communications at Computershare Investor Services. The Committee shall have the power to: payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company. to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all the business and/or assets of the Company. employee while the individual is on military leave, sick leave or other leave of absence approved by the Company or a Participating Subsidiary or Affiliate or is legally protected under applicable laws. . Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. If a leave of absence exceeds three months, or From fitness classes to quality health care coverage, flexible work arrangements and tuition assistance . distribution, and Options shall be exercisable during the Participants lifetime only by the Participant. Compensation. The buyer of an ex-dividend stock is not entitled to the next dividend payment. Why did I not receive a 1099-DIV this year? Edelman Financial Engines does not guarantee results. How many absolute shares are outstanding? A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. with respect to any Offering means one or more consecutive purchase periods within an Offering Period as designated by the Committee for any Offering, the last day of which shall be the Purchase Date for such Purchase Period as further described in Boeing Investor Relations We generally hold our Annual Meeting of Shareholders in the month of April or May. Adjustments. If you are a beneficial owner of Boeing stock, please contact your broker, bank or other nominee for assistance with any questions concerning ownership or dividends. 9.5Successors. Employee Assistance Program (EAP): The Boeing EAP offers tools, webinars, educational articles and assessments that can help you understand and learn strategies for managing stress. "Layoff" means "Layoff" as defined by the Committee or the Company's vice president of compensation and benefits for purposes of the Plan or an Award or in the instrument evidencing . After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. holders of shares of Common Stock entitled to vote at the 2022 annual meeting of shareholders of the Company. of an Option or to receive shares of Common Stock under the Plan may be assigned, transferred, sold, exchanged, encumbered, pledged, or otherwise hypothecated or disposed of by a Participant other than by will or the laws of descent and (a)In General. Really Simple Syndication (RSS) is a technology that allows you to receive updated news from preferred websites, which are sent directly to the user's news reader. How can I choose electronic delivery of shareholder materials? Correspondence should be mailed to: Computershare. of all classes of stock in one of the other corporations in the chain, as described in Section424(f) of the Code but substituting 100% for the 50% threshold described therein. If you want to know how much Boeing employees make, head to their Salaries page to see a list of salaries per occupation, along with bonuses. Replace Senior Management and junior executives and put a REAL emphasis on safety! The Boeing Company offers a Dividend Reinvestment and Optional Cash Purchase Plan administered by Boeing's transfer agent, Computershare ("Computershare Plan") for shareholders of record. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. Along with Boeings contribution, I can set aside up to $7,300 in 2022, because I enrolled myself and my wife in the Advantage+ health plan option. No interest will be 5.4Non-U.S. Employees and Transfers. Providence, RI 02940-3006. Average pay, no stock options. The VIP offers a convenient and flexible way to help eligible employees save for their retirement. For purposes of the foregoing, alternative eligibility requirements may include or exclude an individual if they (a)have been employed 9.7Choice of Law. Your broker can provide you with the details regarding the transfer process. If you hold shares directly, please contact Boeings Transfer Agent, Computershare. If you pass a policy it should be applied equally amongst all employees. Please note that any opinions, estimates, or forecasts regarding Boeings performance made by these analysts are theirs alone and do not represent opinions, forecasts, or predictions of Boeing or its management. Stock in any Offering Period. Our Compensation Philosophy Incentive Pay: Rewarding Performance Recognition: Celebrating Your Career Boeing Employee Stock Purchase Plan The information provided is from their perspective. Participating Affiliate means any Affiliate designated by the Committee from time to time as eligible to participate in the Non-423 Component of the Plan, and that adopts the Plan as a Participating Affiliate. Overall, it's a horrible company to work for unless you enjoy being lied to, misled by senior leadership, and covering up clearly illegal activity. Boeing is awarding non-union employees shares in company stock instead of pay raises. Health insurance is average. Eligible Compensation in advance of an Offering Period. good health care Great benefits, decent pay, some stabilityRead More, Reviewed by: Communications in Seattle, WA (Current Employee), Somewhat stable income, opportunities to bounce around the company, newly introduced remote working options. 3.3Eligible Employees Outside the United States. There is persistent negativity amongst the workforce. adopt such rules, procedures and sub-plans as are necessary or appropriate to permit the participation in the Plan by Eligible Employees who are citizens or residents of a A 98% term over in just under a year should give you insight that perhaps that manager shouldn't be in management. New for 2023! jurisdiction, or as to any person, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or If your spouse/domestic partner is enrolled in a Boeing-sponsored medical plan option, they can enroll on the Total Brain website using your BEMSID. shareholders or agents of the Company or any subsidiary, as a result of any such action. The Health insurance is average. as a beneficial owner of stock that is held in "street name. *, Once I started working, I quickly realized paying off my student loans wasnt going to be easy. its business, (b)any merger, consolidation or change in the ownership of the Company or any subsidiary, (c)any issue of bonds, debentures, capital, preferred or prior preference stocks ahead of or affecting the Companys or any Many employees mentally give up on trying hard. Code for Participants in the 423 Component. or take such other action the Committee determines is necessary or appropriate, in each case, without the Participants consent, to exempt any outstanding Option or future Option that may be granted under the Plan from or to allow any such account established and maintained by the Company to which shall be credited pursuant to Section6.1(c) amounts received from Participants for the purchase of Common Stock under the Plan. Read More, Reviewed by: Procurement Agent in Seattle, WA (Current Employee), Join us as an intern and youll be part of a team thats building the future of aerospace. Its one more way Im preparing for tomorrow today. interest, establishment of the exchange rate applicable to payroll deductions taken and other contributions made in a currency other than U.S. dollars, obligations to pay payroll tax, determination of beneficiary designation requirements, tax Please visit our Analyst Coverage page for additional details. The Company shall be under no obligation to any Participant to register for offering or resale or You must make your initial stock purchase through a broker. There are two alternative ways to own stock, other than in mutual funds, which are: Copyright 1995 - 2019 Boeing. You receive dividend checks written on the Boeing account with Computershare Investor Services, or Direct Deposit of your dividends to your bank account through the Automated Clearing House, or you may qualify to have your dividends reinvested through the Dividend Reinvestment and Stock Purchase Plan administered by Computershare Investor Services. Stop promoting the same people and give more POC a chance to grow. Unless sooner terminated by the Board or the Committee, the Plan shall terminate upon the date on which all shares available for issuance under the Plan have been sold. Offering Date means, for any Offering Period, the first day of such Offering Period. If chronic back or joint pain is keeping you from being as active as youd like, our Hinge Health program can help you heal. The Committee shall have discretion to determine the application of the definition to Participants outside the United States, and in accordance with the requirements of Section423 of the The maximum employee discount for purchasing stock is 15%. SEC Filing RSS Feed. Boeings SEC filings are available on our SEC Filings page. Free money Boeing matches your contributions dollar for dollar, up to 10% of eligible pay for most nonunion employees. Glassdoor is your resource for information about the 401K Plan benefits at Boeing. High company overall turnover is extremely expensive and you lose a wealth of valuable knowledge. or event that affects the Common Stock such that an adjustment is necessary or appropriate in order to prevent dilution or enlargement of benefits or potential benefits intended to be made available under the Plan, the Board shall equitably adjust Neither amounts credited to a Participants Account nor any rights with respect to the exercise Copyright 1995 - 2019 Boeing. withholding procedures and handling of stock certificates that vary with applicable local requirements. Investment & savings advice Complimentary Retirement Checkups and Online Advice, as well as fee-based services, No waiting Youre immediately 100% vested in Boeings contributions. The employee stock purchase plan (ESPP) is the unsung hero of financial benefits. Section6.1(a). ". Subsidiary means any Subsidiary designated by the Committee from time to time as eligible to participate in the 423 Component of the Plan, and that adopts the Plan as a Participating Subsidiary. Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. reasonably incurred by them in connection with or resulting from any claim, action, suit or proceeding to which they may be a party or in which they may be involved by reason of any action taken or failure to act under the Plan and against and from Boeing Retirement Plan 1578 employees reported this benefit 4.0 131 Ratings Available to US-based employees Change location Employer Summary Boeing offers retirement plans. Participating Subsidiary or Affiliate will be treated as having terminated participation in the 423 Component. Effective Date means April29, 2022, the date on which the Plan was approved by the Board means the Board of Directors of the Company. Reviewed by: Systems Engineering (Current Employee). Purchase Price with respect to any Offering or any Purchase Period has the meaning set forth in Recognize and Reward. In order to participate, you must make your initial purchase through a broker. or deliver any shares of Common Stock under the Plan unless, in the opinion of the Companys counsel, such issuance, delivery or distribution would comply with all applicable laws (including, without limitation, the requirements of the for such Offering of the Non-423 Component. Stand behind what you say - stop the lies. Or, I could save my HSA money to use in the future even in retirement. PO Box 43006 They're terrible at retention. If you do unsubscribe from email alerts, you can subscribe again at any time by using the sign up process above. For example, assume that a dividend is declared payable to stockholders of record on a given Friday. Lack of racial diversity in the management, especially at the executive level. designates a stated whole percentage equaling at least 1%, but no more than 15%, of their Eligible Compensation during the Offering Period to be deposited periodically in their Account under Section6.1(c). Affiliate means any entity, whether now or hereafter existing, in which the Company owns, directly or indirectly, 100% of the combined Each Eligible Employee who elects to participate in the Plan shall communicate to the Company, in accordance with procedures established by the Committee, an election to participate in the Plan whereby the Eligible Employee pay, hiring and relocation bonuses, equity compensation income, imputed income arising under any Company group insurance or benefit program or any other special payments. same manner as the 423 Component. The 423 Component of the Plan is The discount is taken on the average of the high and low trading prices of Boeing stock on the applicable purchase date. I dont use much health care, so why pay for more coverage than I need? The most effective way to prevent serious illness or death due to COVID-19 is to get vaccinated. After the stock is transferred to your name, an account will be established for you at Computershare. existing, that is in an unbroken chain of corporations beginning with the Company if, on an Offering Date, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 100% of the total combined voting power Section 1. The Company makes no representation that any Option to purchase Common In October, Boeing announced that it would use stock rather than cash to fund the company contribution to employees' 401 (k) plans for the foreseeable future, which it said would preserve. principles of conflict of laws thereof, except as otherwise expressly provided in an applicable sub-plan. Subject to the limitation in Section6.1(a), all amounts credited to a Participants Account shall be used to purchase Common Stock; provided, however, a Participants Account may be refunded to them on receipt by the Company prior to the Company, any Participant, any shareholder and any eligible person. Management needs to pay overtime for expected additional hours worked. shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. Toll Free: 1-888-777-0923 The leadership is .css-nlq8ii{background-color:#ffebba;}ignorant to the fact that other companies are now designing airplanes and drones, pay a lot more, and have better stock/compensation options. Edelman Financial Engines is a registered trademark of Edelman Financial Engines, LLC. Total Brain*: Find short learning videos, guided meditation and other training exercises that can help you manage stress and increase your positivity, focus and attention. Nothing in the Plan or any Option shall be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the (c)Changes to Stock. Offering means an offer under the Plan of an Option that may be exercised during an Offering Period as further described in Anyone who bought it on or after that Thursday would not be entitled to that dividend. Boeing has a compensation and benefits rating of 3.9. Our best-in-class benefits and programs set us apart and help you and your family live great lives. Purpose of the Plan . or an option under any other employee stock purchase plan of the Company or of any Participating Subsidiary or Affiliate which is intended to qualify under Section423 of the Code, at a rate which exceeds $25,000 in Common Stock (determined by Boeing gave no raises to non-union employees for the year 2020, they committed to an out of sequence inflationary adjustment to employees and silently didn't implement it and when asked about it employees were told they were not getting that inflation adjusted out of sequence raise. What are other benefits and incentives like at Boeing. Section6.1(a). A Participant shall not be deemed to be a shareholder of the Company, nor have any rights Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. You can sign up for additional subscriptions at any time. To the point that the federal government has filed formal charge of discrimination against three managers and the company and yet, those three managers still have jobs - yet the zero tolerance policy states immediate termination for discrimination of any kind. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. Join #TeamBoeing at our virtual career event on Jan. 17. You can receive your dividend checks faster, avoid the risk of your dividend checks being lost in the mail and eliminate the inconvenience of having to endorse and deposit your paper dividend checks in your bank account by signing up for direct deposit of your dividends. There is no such thing as linear growth, and assuming linear growth, of course we don't want to purchase weekly. Tools to help you reach your goals, manage life events and develop fulfilling relationships. willing to pay for school. case of the 423 Component, for purposes of employment taxes and wage withholding for federal income taxes, regardless of any subsequent reclassification by the Company or any Participating Related Company, any governmental agency or any court. All answers shown come directly from Boeing Reviews and are not edited or altered. Computershare Plan means The Boeing Company Global Stock Purchase Plan. Authorized Officer means the Companys chief human The program is available to your eligible covered family members, including children, at no cost. Meeting with a Tuition.io coach, who was able to answer my questions and show me my options, helped alleviate a lot of the stress. In each of the splits shown above, new certificates were issued for the additional shares and sent by the transfer agent to the registered shareholders. The Company may issue certificates for shares with such legends and subject to such restrictions on transfer and stop-transfer instructions as counsel for the Company deems determinations made and actions taken pursuant thereto, to the extent not otherwise governed by the laws of the United States, shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to the Depending on your role, you could earn a cash bonus when Boeing meets its financial and business goals, or be rewarded when you and the company perform well. change shall become effective in accordance with the Committees rules and procedures as soon as administratively practicable after the Company receives the election. We offer a wealth of plans and programs that can help you live a great life. Their 'Zero tolerance policy ' is not enforced at all. Scheduling was terrible for needs. Learn about Boeing Employee Stock Purchase Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Boeing employees. 9.9No Interest. Have questions about working at Boeing? Offering Period means each period designated by the Committee as further described in Section6.1(a). Boeings benefits are designed to help you thrive. Charitable Gift Matching. The maximum offering period is three years. Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. Additional information can be found in our proxy statement for the relevant year or on our Events page. A Participants election to participate in the Plan shall continue in effect during the current and An array of health and insurance benefits to help you and your family be well. . Log into Worklife from work or home and click on My Total Rewards & Benefits in the Quick Access box. 9.6Severability. (f)any other corporate act or proceeding by the Company or any subsidiary. (b)Source of Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Boeing. income and payroll withholding taxes imposed by any jurisdiction), the Committee may implement appropriate procedures to ensure that such tax withholding obligations are met. TeamBoeing air safety investigator, and former Royal Air Force member, Chris Gray, explains how even a 1% difference in the way we think about safety will help see real change. Well reward your contributions to our success. Im protecting those plans by fully funding my Health Savings Account. In the 3 for 2 splits, a shareholder who had an odd number of shares . Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. After the stock is transferred to your name, an account will be established for you at Computershare. Your spouse/domestic partner can also take part if theyre enrolled in a Boeing-sponsored medical plan option. #TeamBoeing air safety investigator, and former Royal Air Force member, Chris Gray, explains how even a 1% difference in the way we think about safety will help us see real change. under Section 423 of the Code (the 423 Component), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code When and where is the Boeing Annual Shareholders Meeting? Either way, youve got options for working toward a healthier you. The Boeing Company is not responsible for the accuracy or completeness of the information contained herein. Offerings, Participation and Payroll Deductions. other objectives for Eligible Employees, the Company, and its Participating Affiliates, as applicable. A Participant who transfers outside the U.S. and is no longer on a U.S. payroll of the Company or a that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. 7.2Recapitalization Used with permission. Having a top leader who knows nothing about contracting, leading the contracting organization is absolutely insane and everyone knows it - why do you think so many people are leaving to go work for suppliers or other airplane manufacturers? What message do you think that says to the employees? (although the Company makes no representation of such qualification or undertaking to maintain such qualification); and (b) a component that does not qualify as an employee stock purchase plan under Section 423 of the Code (the Non-423 Component), under which options may be granted pursuant to rules, procedures or sub-plans adopted by the Committee designed to achieve tax effectiveness or Benefits are good - but getting worse year-over-year. Option to comply with Section409A of the Code. The Committee may What Employee Stock Purchase Plan benefit do Boeing employees get? 462 South 4th Street, Suite 1600 The maximum yearly contribution total for each employee is $25,000. Boeing Commercial Next-Generation 737 737 MAX 747-8 767 777 777X 787 Freighters Commercial Services Boeing Business Jets Introducing the 777X The world's largest and most efficient twin-engine jet Learn more Commercial Home Defense AH-6 Light Attack Helicopter AH-64 Apache E-7 AEW&C Air Force One Air & Missile Defense Autonomous Systems Computershare Investor Services Get started with your Free Employer Profile, Engineering Support Technician in San Antonio, TX, Contracts Procurement Agent in Everett, WA. If leadership were to Listen and act in accordance to what the vast majority of individual contributors said, you would see a much healthier company. non-U.S. jurisdiction and/or employed outside the United States, the terms of which sub-plans may take precedence over other provisions of this Plan, with the exception The purpose of The Boeing Company Global Stock Purchase Plan (the "Plan") is to attract and retain employees of The Boeing Company (the "Company") and its Participating Subsidiaries or Affiliates, and enable them to acquire a stock ownership interest in the Company. Are you a go-it-alone person who prefers to work out at home, or do you enjoy in-person classes and being around others at the gym? You can invest in Boeing stock at a discount by participating in the Boeing Employee Stock Purchase Plan (BESPP). Whom should I contact regarding my stock certificate(s)? When are the next quarterly financials released? Fair Market Value means the average of the high and low per share trading prices (or the average of the opening and closing per share No Participant or any other person shall have any claim against any member of the Board or the Committee, the Company or any subsidiary, or any employees, officers, Please visit the Stock Split section for a complete history of Boeings stock splits. In order to enroll in an ESPP, it is beneficial to first educate yourself on eligibility, deduction, and taxation. They assign unreasonable statements of work and then give you bad performance reviews. 5.2Leaves of Absence. A. participate and a payroll deduction authorization with the Committees designee. Fractional share certificates are not issued. Exhibit 99.1 . You receive dividend checks written on the Boeing account with Computershare Investor Services, or Direct Deposit of your dividends to your bank account through the Automated Clearing House, or you may qualify to have your dividends reinvested through the Dividend Reinvestment and Stock Purchase Plan administered by Computershare Investor Services. (b)Purchase Price Defined. No Eligible Employee shall be permitted to purchase Common Stock pursuant to an Option under the 423 Component sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. RSS is an easy way to be notified about updated content on a website. We'll reward your contributions to our success and structure your total compensation package so that we're all focused on Boeing's strength and value to shareholders. In some cases, a holding period will be required for the purchased stock in order to receive favorable long-term capital gains tax treatment on . (1)determine when the initial and subsequent Offering Periods and any Purchase Periods will commence; (2)interpret the Plan and the Offerings; (3)adopt such rules for the administration, interpretation, and application of the Plan Boeing provides Annual Reports for the last 10 years on the Annual Reports page. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the