# Textron INC. 401(k) Plan
Source: https://planprovider.pro/companies/textron-inc-401k-plan

> Textron INC.'s 401(k) plan: 26,117 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Textron INC.

- **Sponsor EIN:** 050315468

- **Sponsor Address:** 40 WESTMINSTER STREET, PROVIDENCE, RI, 02903

- **Plan Type:** 401(k)

- **Total Participants:** 26,117

- **Total Assets:** $6.1B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|26,117|$6.1B|$153.8M|$221.7M|

| 2023|26,609|$5.7B|$146.5M|$209.6M|

| 2022|26,580|$5.0B|$133.1M|$197.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$1,659,769|—|$1,659,769|

| PROSKAUER ROSE LLP|LEGAL|$88,984|—|$88,984|

| ERNST & YOUNG|ACCOUNTANT/AUDITOR|$67,000|—|$67,000|

| CEM BENCHMARKING|CONSULTANT|$15,000|—|$15,000|

| CIEBA|CONSULTANT|$6,495|—|$6,495|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [PROSKAUER ROSE LLP](https://planprovider.pro/provider/proskauer-rose-llp) — LEGAL

- [ERNST & YOUNG](https://planprovider.pro/provider/ernst-and-young-llp) — ACCOUNTANT/AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,837,248

- **Estimated Expense Ratio:** 0.030% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$1,693,956|—|—|-$4,085|—|

| 2023|$2,065,478|—|—|—|—|

| 2022|$2,266,930|—|—|—|—|

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