This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Employee Comments Showing 1-10 of 131 Jan 7, 2023 3.0 Current Site Leader in nullnull 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. If you elect to reinvest your dividends, you may also make "optional cash investments" (minimum of $50.00). Participating Subsidiary or Affiliate will be treated as having terminated participation in the Non-423 Component. Edelman Financial Engines is not affiliated with Fidelity Workplace Services, LLC or its affiliates. Current and former employees report that Boeing provides the following benefits. The stock plan allows U.S. employees to use accumulated after-tax payroll deductions to purchase Boeing Company stock at a discount. Subject to the limitation in 6.1(a), on each Purchase Date, the entire Account of each Participant International: 1-781-575-2879, Correspondence should be mailed to: *Total Brain and Vida Health are not available to part-time employees. Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. Lack of racial diversity in the management, especially at the executive level. The maximum offering period is three years. High company overall turnover is extremely expensive and you lose a wealth of valuable knowledge. To the extent inconsistent with the requirements of Section423, any such sub-plan shall be considered part of the Non-423 Component, and rights granted thereunder shall not be required by the terms of the Plan to comply with Section423 of the https://boeing.wd1.myworkdayjobs.com/HIRE/. any and all amounts paid by them in settlement thereof, with the Companys approval, or paid by them in satisfaction of any judgment in any such claim, action, suit or proceeding against them; provided, however, that they shall give the Company Purchase Period Employee may purchase with up to 15% of the Eligible Compensation he or she receives during the Offering Period (or during any portion of the Offering Period as the Eligible Employee may elect to participate). Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. Scheduling was terrible for needs. A Participant who transfers outside the U.S. and is no longer on a U.S. payroll of the Company or a participate and a payroll deduction authorization with the Committees designee. Committee means the Compensation Committee of the Board, provided that to the extent the Committee has delegated any or all of its 9.9No Interest. Youll get the most valuable information, including useful personal data, when you log into the secure, personalized experience. Thereafter, all amounts credited to such a But I can use the tax-free money Boeing contributes to my Health Savings Account (HSA) to pay any medical bills. As you keep tabs on your spending, investments and debts, make sure youre also checking in on your retirement savings. To obtain more information about the Computershare Plan or to enroll in Direct Deposit of your dividends, please contact Boeings Transfer Agent, Computershare. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. Credits to an Eligible Employees Account shall be made by payroll deduction or by other alternate payment How do I enroll in a Dividend Reinvestment and/or Cash Purchase Plan? I've had several managers lie to me in order to get me to continue taking on more work. Health insurance is average. Want to work on next-generation defense technologies? Event RSS Feed The program is available to your eligible covered family members, including children, at no cost. leadership is old school - being a millennial is tough in Boeing. Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions Human Resources Generalist salaries ($56k), Aviation Maintenance Technician salaries ($64k), Supply Chain Management Analyst salaries ($57k). Each Participant automatically and without any act on their part will be deemed to have exercised their Option on each Purchase When and where is the Boeing Annual Shareholders Meeting? 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. 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. When you participate in the Boeing 401(k), youll have access to investment advice, including: Advisory services are provided only by Financial Engines Advisors L.L.C., a federally registered investment advisor. 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 If you were a shareholder of KLX Inc. as of September 14, 2018, the Form 8937 related to the spinoff of KLX Energy Services Holdings, Inc. can be found here. Any registered shareholder (one whose Boeing shares are held in an account with Computershare, the Company's transfer agent) can have dividends deposited directly into a checking, money market or savings account at any U.S. bank, credit union or other financial institution that participates in the Automated Clearing House ("ACH") system. Boeing is followed by a number of industry analysts, including the analysts listed below in alphabetical order by firm. 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. same manner as the 423 Component. Talk with an Edelman Financial Engines financial advisor and take the first step to develop a comprehensive financial plan so you can track progress toward your goals. Amount of required overtime can be excessive although it is well paid. (c)Changes to Stock. Section6.1(a). Fractional share certificates are not issued. Our best-in-class benefits and programs set us apart and help you and your family live great lives. Adjustments. other objectives for Eligible Employees, the Company, and its Participating Affiliates, as applicable. Many employees mentally give up on trying hard. Solutions that help you save for retirement and help you get or stay financially fit. After the stock is transferred to your name, an account will be established for you at Computershare. Option to comply with Section409A of the Code. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the The Company shall be under no obligation to any Participant to register for offering or resale or Employees contribute to the plan. Net Unrealized Appreciation (NUA) refers to gain in the value of a security after purchase but before selling the security. If a Participant terminates employment for any reason, or if the entity that employs a participant ceases to be a Participating Subsidiary or Affiliate, as the case may be, Offering Periods shall begin and end on the dates specified in advance by the Committee. The Purchase Price per share of Common Stock to be paid by each Participant on each Computershare which shares of Common Stock may be purchased by Participants. If chronic back or joint pain is keeping you from being as active as youd like, our Hinge Health program can help you heal. 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 . The Boeing Company is not responsible for the accuracy or completeness of the information contained herein. Overtime, Premiums . It's ok for a few years but if you don't want to your career to stagnate, go somewhere else. Without limiting the generality of the foregoing, the Committee is specifically authorized to adopt rules and procedures regarding eligibility to participate, the application of the definition of Eligible Compensation to participants on Please visit our Analyst Coverage page for additional details. Decisions of the Committee shall be final, conclusive and binding on all persons, including 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. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 4.3 678 Ratings Employer Verified Dental Insurance 4.1 Have questions about working at Boeing? Relocation assistance is available. The Boeing EAP provides up to six confidential counseling sessions per issue per year for each covered individual. Terrible executive leadership who lines their own pockets with huge bonuses and stock options and could care less about all the individual contributors who make that possible. 7.2Recapitalization reliable for a single trading day. Participate. Presentation RSS Feed Unless you suck up to management there's zero possibility of promotion. 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. Many employees mentally give up on trying hard. trading prices, or the closing trading price, if so determined by the Committee) for the Common Stock on the New York Stock Exchange during regular session trading as reported by The Wall Street Journal or such other source the Committee deems 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 Employee stock purchase plan administration solutions. To subscribe to an RSS feed, select the location of the website of interest and click the small orange button (these buttons usually only exist on the Events, Press Releases, and Presentations) to subscribe to the RSS feed. The maximum yearly contribution total for each employee is $25,000. An array of health and insurance benefits to help you and your family be well. 9.12Section 409A of the Code. Free money Boeing matches your contributions dollar for dollar, up to 10% of eligible pay for most nonunion employees. Join #TeamBoeing at our virtual career event on Jan. 17. of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. subsidiarys capital stock or the rights thereof, (d)any dissolution or liquidation of the Company or any subsidiary, (e)any sale or transfer of all or any part of the Companys or any subsidiarys assets or business, or Computershare Investor Services prohibited by applicable law or the applicable rules of any stock exchange. RSS is an easy way to be notified about updated content on a website. Computershare is Boeings transfer agent: Company or any Subsidiary or Affiliate or limit in any way the right of the Company or any Subsidiary or Affiliate to terminate a Participants employment or other relationship at any time, with or without cause. (a)In General. In furtherance of the foregoing and notwithstanding any other provision in the Plan to the contrary, if the Committee determines that an Option granted under the Plan may be subject to Section409A of the Code or When are the next quarterly financials released? Building resilience can help you navigate stressful periods and find more moments of calm and joy. Our compensation programs are designed to pay you competitively. No Eligible Employee shall be permitted to purchase Common Stock pursuant to an Option under the 423 Component 3reasons to invest Under the Computershare Plan, you are eligible to participate in Dividend Reinvestment only if you own 50 or more shares. The information provided is from their perspective. After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. the Account during an Offering Period with respect to any Eligible Employee may not exceed the limitation stated in Section6.1(a). 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 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.*. Unless you suck up to six confidential counseling sessions per issue per year for covered! Money Boeing matches your contributions dollar for dollar, up to six confidential sessions... You make a choice before applying to a job offer periods and find more moments of calm joy! 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