A brace of 401(k)s will take the final hit.
Certainly not.
1. Last year Boeing employees took a significant hit in their Performance Incentive Award (annual bonuses for good performance) because of the write downs on the KC-46 program despite huge gains elsewhere. This year, despite the KC-46 write downs, Boeing employees are expected to get near 100% of their Performance Incentive Awards.
2. 401(k)s belong 100% to the employee. Unlike traditional company pension plans (defined benefit plans) that can get wiped out when a company falters, 401(k) plans (defined contribution plans) cannot get wiped out even if the company goes completely bankrupt.