Plan Snapshot
- Plan Sponsor: Textron INC.
- Sponsor EIN: 050315468
- Sponsor Address: 40 WESTMINSTER STREET, PROVIDENCE, RI, 029032525
- Plan Type: DB
- Plan Number: 076
- Total Participants: 48,782
- Total Assets: $5.9B
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 | 48,782 | $5.9B | $0 | $0 |
| 2024 | 6,381 | $5.5B | $0 | $0 |
| 2023 | 6,888 | $5.2B | $0 | $0 |
| 2022 | 7,320 | $5.0B | $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 | $2,354,149 | — | $2,354,149 |
| TEXTRON INC. ADMIN | Other Service Provider | $961,385 | — | $961,385 |
| WILLIS TOWERS WATSON, LLC | Other Service Provider | $305,126 | — | $305,126 |
| ERNST & YOUNG | Other Service Provider | $177,444 | — | $177,444 |
| PROSKAUER ROSE, LLP | Other Service Provider | $47,659 | — | $47,659 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,845,763
- Estimated Expense Ratio: 0.065% 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 | $283,399,409 | — | — | $177,444 | — |
| 2024 | $9,548,881 | — | — | $172,833 | — |
| 2023 | $16,965,606 | — | — | $171,183 | — |
| 2022 | $9,126,328 | — | — | — | $4,292,725 |