Plan Snapshot
- Plan Sponsor: Textron INC.
- Sponsor EIN: 050315468
- Sponsor Address: 40 WESTMINSTER STREET, PROVIDENCE, RI, 02903
- Plan Type: DB
- Plan Number: 020
- Total Participants: 768
- Total Assets: $124.9M
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 | 768 | $124.9M | $0 | $0 |
| 2024 | 82 | $112.6M | $0 | $0 |
| 2023 | 88 | $105.3M | $0 | $0 |
| 2022 | 97 | $97.2M | $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 | $34,752 | — | $34,752 |
| TEXTRON INC. ADMIN | Other Service Provider | $20,344 | — | $20,344 |
| WILLIS TOWERS WATSON | Other Service Provider | $6,140 | — | $6,140 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,236
- Estimated Expense Ratio: 0.049% 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 | $2,679,788 | — | — | $3,647 | — |
| 2024 | $161,264 | — | — | $3,486 | — |
| 2023 | $159,268 | — | — | $3,345 | — |
| 2022 | $164,611 | — | — | — | $79,402 |