# Textron INC. DB Plan
Source: https://planprovider.pro/companies/textron-inc-plan-006

> Textron INC.'s DB plan: 2,461 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, 029032525

- **Plan Type:** DB

- **Total Participants:** 2,461

- **Total Assets:** $2.3B

## 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.|

| 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|

| TEXTRON INC.|ADMINISTRATOR|$1,714,076|—|$1,714,076|

| FIDELITY INVESTMENTS|NONE|$676,786|—|$676,786|

| WILLIS TOWERS WATSON, LLC|NONE|$86,593|—|$86,593|

| ERNST & YOUNG|NONE|$74,396|—|$74,396|

| PROSKAUER ROSE, LLP|NONE|$28,916|—|$28,916|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS](https://planprovider.pro/provider/fidelity-investments) — NONE

- [WILLIS TOWERS WATSON, LLC](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [ERNST & YOUNG](https://planprovider.pro/provider/ernst-and-young-llp) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $2,580,767

- **Estimated Expense Ratio:** 0.111% 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|$2,580,766|—|—|$74,396|—|

| 2023|$10,224,044|—|—|$73,482|—|

| 2022|$2,365,097|—|—|—|$1,279,888|

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