Textron Savings Plan — Form 5500 plan (Textron Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Textron Savings Plan is a benefit plan reported by Textron Inc. under EIN 05-0315468 and plan number 030. The latest loaded filing year is 2023. The filing reports 36,751 participants and $5,714,708,993 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Textron Inc.
- EIN
- 05-0315468
- Plan number
- 030
- Plan type
- 2
- Location
- Providence, RI
- Latest filing year
- 2023
- Participants
- 36,751
- End-of-year plan assets
- $5,714,708,993
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 36,751 | H, C | 20240625125724NAL0008045313001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,714,708,993
- Total liabilities (EOY)
- $345,508
- Net assets (EOY)
- $5,714,363,485
- Net assets (BOY)
- $4,979,766,395
Income & contributions
- Employer contributions
- $146,508,431
- Participant contributions
- $209,637,976
- Total contributions
- $372,434,151
- Total income / additions
- $1,213,262,875
Expenses & distributions
- Benefits paid
- $476,429,601
- Administrative expenses
- $2,065,478
- Total expenses
- $478,665,785
- Net increase / (decrease)
- $734,597,090
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $1,891,441 | $0 | 2023 |
| Ernst & Young | ACCOUNTANT/AUDITOR | $130,000 | not reported in the loaded dataset | 2023 |
| Proskauer Rose Llp | LEGAL | $118,401 | not reported in the loaded dataset | 2023 |
| Textron Inc | PLAN SPONSOR | $51,515 | not reported in the loaded dataset | 2023 |
| Cem Benchmarking | CONSULTANT | $30,000 | not reported in the loaded dataset | 2023 |
| Cieba | CONSULTANT | $12,490 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Textron Inc.
- 2023 Form 5500 filing
- Form 5500 filings in RI
- 401(k) and benefit plan filings in Providence, RI
- Fidelity Investments Institutional — Schedule C compensation
- Ernst & Young — Schedule C compensation
- Proskauer Rose Llp — Schedule C compensation
- Textron Inc — Schedule C compensation
- Cem Benchmarking — Schedule C compensation
- Cieba — Schedule C compensation