Plan Snapshot
- Plan Sponsor: Textron INC.
- Sponsor EIN: 050315468
- Sponsor Address: 40 WESTMINSTER STREET, PROVIDENCE, RI, 029032525
- Plan Type: DB
- Plan Number: 006
- Total Participants: 11,295
- Total Assets: $2.5B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 11,295 | $2.5B | $0 | $0 |
| 2024 | 2,461 | $2.3B | $0 | $0 |
| 2023 | 2,671 | $2.2B | $0 | $0 |
| 2022 | 2,800 | $2.1B | $0 | $0 |
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 | Other Service Provider | $594,606 | — | $594,606 |
| TEXTRON INC. | Recordkeeper | $409,358 | — | $409,358 |
| WILLIS TOWERS WATSON, LLC | Other Service Provider | $79,540 | — | $79,540 |
| ERNST & YOUNG | Other Service Provider | $75,739 | — | $75,739 |
| PROSKAUER ROSE, LLP | Other Service Provider | $9,377 | — | $9,377 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,168,620
- Estimated Expense Ratio: 0.046% 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 |
|---|---|---|---|---|---|
| 2025 | $127,369,538 | — | — | $75,739 | — |
| 2024 | $2,580,766 | — | — | $74,396 | — |
| 2023 | $10,224,044 | — | — | $73,482 | — |
| 2022 | $2,365,097 | — | — | — | $1,279,888 |