n Call Boeing TotalAccess at 1-866-473-2016 (TTY/TDD services are available at 1-800-755-6363) and enter your BEMS ID number (or Social Security number).
n When the automated phone system asks “How may I help you today?” say “I would like to speak to the savings department.”
n Enter your TotalAccess password, and you will be transferred to the Boeing Savings Service Center.
n Once you are in the Boeing Savings Service Center, press zero to be transferred to a customer service representative who will process your election to contribute your bonus to your VIP account.
You will be sent a confirmation statement of your election to contribute your bonus to your VIP account soon after you have made the election.
Your 2009 lump-sum bonus is scheduled to be paid on November 19, 2009. If you choose to contribute your bonus to your VIP account, it will be credited to your account on that same day, and you can view it in your VIP account the following day. (Note: If you transfer to a nonunion position, your bonus is scheduled to be contributed to your VIP account on November 27, 2009, and you can view it in your VIP account the following day.)
If you transfer to another position that is not an IAM 751–, 24–, or 70–represented position, you will still be eligible to receive the bonus and contribute it to your VIP account as long as you were eligible for the bonus payment on September 4, 2009.
If you terminate your employment after September 4, 2009, you will still be eligible to contribute your 2009 lump-sum bonus to your VIP account if you choose. However, if you have not made your election before your termination of employment, you must make your election before the election period ends on October 30, 2009, by calling a Boeing Savings Service customer service representative. See directions above.
Frequently Asked Questions
Q. Will the Company match my bonus if I contribute it to my VIP account?
A. No, the bonus deferral is not eligible to receive employer matching contributions.
Q. When can I elect to contribute my lump-sum bonus to my VIP account?
A. The special enrollment period for electing to contribute your 2009 lump-sum bonus will begin 9 a.m. Eastern time on October 1, 2009, and will end at 4 p.m. Eastern time on October 30, 2009.
Q. I am close to reaching, or have reached, the annual pretax limit for the year. Can I still contribute my bonus if I will, or have, gone over the annual pretax limit?
A. Yes, if you have elected to contribute your bonus to your VIP account and you have reached the annual pretax limit ($16,500 in 2009), any contribution in excess of that amount will be made on an aftertax basis.
This is true for your regular contributions as well as the contribution of your bonus. If this occurs, taxes will be withheld on the portion of the contribution that exceeds the annual pretax limit.
If you reach the annual pretax limit, you will not have the option to contribute your bonus as catch-up contributions.
Benefits Information (continued)
Q. Do I need to contribute my entire bonus ($1,500), or can I elect to contribute a percentage or dollar amount of my bonus?
A. The only options are to contribute your entire bonus, or none of it. When you go online to elect to contribute your bonus, your options will be to enter either 0% or 100%.
Q. If I elect to contribute my bonus, can I change my mind and cancel that election?
A. Yes, as long as the enrollment period is still open (through 4 p.m. Eastern time on October 30), you may change your election. However, once the enrollment period ends, you will not have the ability to change your election.
Q. If my bonus is contributed to the VIP and I later need the money and want to take it out of my VIP account, can I do that?
A. Once the contribution is made to your VIP account, all of the rules regarding other pretax contributions will apply. You will only be able to withdraw these funds under certain hardship conditions, or when you reach age 59 ½, or terminate employment. If your bonus was contributed on an aftertax basis, the rules regarding aftertax contributions will apply. See your summary plan description for details.
Q. Will I still be eligible to contribute my bonus if I transfer to a position that is not represented by the IAM 751, 24, or 70?
A. Yes, as long as you meet the qualifications to receive the bonus, you will be eligible to contribute your bonus to your VIP account.
Q. Will I be eligible to contribute my bonus if I am laid off or leave the Company after I become eligible to receive the bonus on September 4?
A. Yes, anyone who is eligible to receive a bonus may elect to contribute the bonus to their VIP account. However, if you have not made your election before your termination of employment, you will need to make your election by calling the Boeing Savings Service Center through Boeing TotalAccess and speaking to a customer service representative during the election period, which ends at 4 p.m. Eastern time on October 30, 2009.
Q. Will I need to make an election in 2010 to contribute my bonus to my VIP, or will my election this year automatically apply for next year?
A. Yes, you will need to make a new election in 2010; the election you make in 2009 will not be retained. A reminder will be provided to you before the 2010 enrollment period assuming you are then eligible to receive the 2010 lump-sum bonus.
For More Information
Contact the Boeing Savings Service Center through Boeing TotalAccess.
n On the Boeing Web: Log on to https://my.boeing.com and click the TotalAccess tab. In the top right column, under Contact TotalAccess, click TotalAccess Online Form to submit questions.
n On the World Wide Web: Log on to http://www.boeing.com/express using your BEMS ID number (or Social Security number) and your Boeing TotalAccess password. Click the TotalAccess tab. In the top right column, under TotalAccess, click TotalAccess Online Form to submit questions.
By telephone: Call 1-866-473-2016. You must have your BEMS ID number (or Social Security number) and your Boeing TotalAccess password when you call. When the system asks “How may I help you today?” say,
“I would like to speak to the savings department.” Once you are in the Boeing Savings Service Center, press zero to be transferred to a customer service representative. Hearing impaired callers with a telephone typewriter can access TTY/TDD services at 1-800-755-6363. Customer service representatives are available weekdays between 8 a.m. and 8 p.m. Central time.
Benefits Information (continued)
Plan Amendment Information
This Update is a summary of material modifications to your summary plan description for The Boeing Company Voluntary Investment Plan (Plan 002).
This document is provided to you in accordance with the Employee Retirement Income Security Act of 1974, as amended (ERISA).
Every effort has been made to provide accurate information in this Update. In the event of a conflict between this Update and the Plan document listed above, the terms of the Plan document listed above will control.
Copies of the summary plan description may be obtained by contacting the Boeing Service Center through Boeing TotalAccess.
Although the Company fully intends to continue the Plan described in this Update, the Company reserves the right to change, modify, amend, or terminate it at any time for any reason for employees, former employees, retirees, and their dependents and/or beneficiaries.
Update
Benefits Information November 2009
Summary of Savings Plan Changes
Participants in the Boeing Savings Plans
This Update describes the addition of the 2050 Lifecycle Fund and the 2010 Lifecycle Fund merging into the Lifecycle Retirement Fund.
This Update summarizes plan changes that affect your savings plans(s) and updates your summary plan description(s). The effective date of these changes is December 18, 2009, unless otherwise noted.
This Update is for your information and is being provided to you as required by Federal law. No action on your part is required.
The changes in this Update apply to the following plans:
n The Boeing Company Voluntary Investment Plan (Plan 002) (VIP)*
n The Boeing Company Employee Financial Security Plan (Plan 003) (FSP)
n Employee Retirement Income Plan of McDonnell Douglas Corporation—Salaried Defined Contribution Plan (Plan 022) (DC RIP Salaried)
n Employee Retirement Income Plan of McDonnell Douglas Corporation—Hourly Defined Contribution Plan (Plan 024) (DC RIP Hourly)
*The BAO Voluntary Savings Plan (BAO VSP) merged into the VIP on November 2, 2009. If you previously had an account in the BAO VSP, it has now been merged into the VIP, and information in this Update regarding the VIP applies to you.
All savings plans are intended to constitute self-directed plans under Section 404(c) of ERISA and 29 U.S.C.
Section 2550.404c-1. Accordingly, the fiduciaries of the Plans are relieved of liability for any losses that are the direct and necessary result of your investment instructions. This means you are responsible for your own investment decisions.