Enrollment
When are you considered Vested in your VIP?
Since day 1.
Do I need to be contributing to the VIP to receive Employer Match?
Yes, you must be contributing to the VIP.
Is there a fee for taking a loan?
Yes, $50.
Is a Form Required in order to Rollover my previous Employers 401k?
Yes, a Rollover Contribution form is required.
Do I need to be working for Boeing to Enroll in the VIP?
How old do I need to be to make catch up contributions?
50+
What types of Loans are available in the VIP?
a General Purpose Loan and Residential Loan
What name is the Rollover Check need to be made out too?
Boeing Voluntary Investment Plan or Boeing VIP
What happens if I do not make an enrollment election?
You will automatically be enrolled as 4% pretax to increase 1% yearly until target date of 8% is reached
What are the 3 main contribution types I can choose from?
Pretax, Aftertax and Roth (if eligible)
How long do I have to payoff a General Purpose Loan or a Residential Loan?
up to 5 Years (60 months) for a General Purpose Loan and up to 20 years (240 months) for a Residential Loan
If I am now a Terminated Employee (no longer working for Boeing) can I still rollover into the VIP?
Yes, as long as you have a balance over $1,000.00
How many days do I have to opt out of Auto (or Passive) Enrollment ?
60 days from date of hire.
What are FSP Contributions?
Contributions made on behalf of certain union-represented employees for accrued sick and vacation leave.
Do I need to pay taxes on the money I borrow?
No, taxes are not paid unless you default the loan.
Where can I get the Rollover Contribution Form?
What is PPA Unwind provisions?
This allows you to unwind the initial contributions within 60 days after the date of the first contribution.
If I reach the Pretax/Roth limit for the year what happens to my contributions the remainder of the year?
Your contributions will spillover as Aftertax for the remainder of the year.
Can I make additional payments to payoff my loan faster?
No, additional payments can not be made.
Can I roll my Boeing PVP into my 401k?
Yes you can.