I don’t work for Boeing or any affiliated companies nor do I receive any compensation from them. You did not mentioned that if you got laid off at 55 years old or older and unemployed, you can withdraw to your 401k and not get penalized. Boeing Commercial Satellite Services Major Move for U.S. Return to Human Space Flight CST-100 Starliner Test Article domes mated into full capsule for first time at Kennedy Space Center. If the plan changes and you see one on this review please reach out and let me know. We would like to show you a description here but the site won’t allow us. Many financial solutions. Age 59 1/2 withdrawals from your Boeing VIP can help you customize your investment strategy to fit your needs. My name is John Weninger and I’m a fee-based financial planner at Endowment Wealth Management, a multi-family office, currently serving clients in 12 states. + authentication.errorMessage) | translate:authentication.errorMessageParams}} {{"logon.logonTitle" | translate}} Company matches the first 8% of your contribution. From tax breaks to the 401(k) employer match, there's a long list of 401(k) benefits. If you know of anyone who works at this company and might benefit from this educational review, please share this post with them. Note: This post was originally written in April, 2014. I make getting answers super easy without having to talk to some high-pressure sales person. Lifecycle 2045 Fund.41% Then, every year after on April 1st, that amount increases by 1% per year until you reach 8% of your base pay. Bond Market Index Fund.06% good matching, unsure of what % they have at the moment. While some companies require you to be employed for a certain number of years before vested, Boeing contributions are immediately vested. Learn how to enable cookies. Check out my blog on the 5 Mistakes Employees Make with Company Stock. Check that out here! VIP Stable Value Fund.29%. Lifecycle 2040 Fund.39% That means that you cannot transfer funds into or out of the Boeing Stock Fund if you are aware of material nonpublic information about Boeing. Pretty neat! good match and stock price is going back up, good company matching and lots of plan choices. The fees that the funds within the Boeing VIP plan charge vary from .05% to .72%. Another consideration is that since the Boeing Stock Fund is only one investment, it’s going to be more volatile than other funds and since you are already relying on Boeing for your livelihood (paycheck) you’ll want to make sure you are properly diversified. Since I’m not tied to the company in any way, I offer an impartial and objective view. Diversified Real Asset Fund.72% On Monday, Boeing, its employee benefits plans and investment committees and certain high-ranking company officers moved to dismiss the Employee Retirement Income … Glassdoor will not work properly unless browser cookie support is enabled. But the anti-diversification move of tying retirees’ and future beneficiaries’ benefits partly to the company’s future performance (the stock peaked in early 2019) seemed a stratospheric folly. After doing the review of the Boeing Pension Value Plan (you can check that out here), I’ve been receiving a number of questions about the Boeing VIP 401(k) or Voluntary Investment Plan. The VIP offers a convenient and flexible way to help eligible employees save for their retirement. Worried Boeing retirees are asking what happens to their pensions if Boeing does not survive this tragedy. Remember Me; Use a saved username; Password. 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