Plan Snapshot
- Plan Sponsor: Textron, INC.
- Sponsor EIN: 050315468
- Sponsor Address: 40 WESTMINSTER STREET, PROVIDENCE, RI, 02903
- Plan Type: DC
- Plan Number: 077
- Total Participants: 11,068
- Total Assets: $388.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 11,068 | $388.0M | $0 | $0 |
| 2024 | 8,937 | $353.3M | $10.4M | $0 |
| 2023 | 9,563 | $332.4M | $10.7M | $0 |
| 2022 | 10,046 | $291.0M | $11.5M | $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 INSTITUTIONAL | Recordkeeper | $144,693 | — | $144,693 |
| ERNST & YOUNG | Auditor | $28,400 | — | $28,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $173,093
- Estimated Expense Ratio: 0.045% 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 | $15,973,336 | — | $900 | — | — |
| 2024 | $180,104 | — | $1,500 | -$4,085 | — |
| 2023 | $204,098 | — | $3,600 | — | — |
| 2022 | $207,324 | — | — | — | — |