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Retirement plan

CWC CASTINGS DIV OF TEXTRON INC HRY-RATED EES' PEN PLAN

TEXTRON INC.EIN 05-0315468Plan #020PY 2019
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40 WESTMINSTER STREET - PROVIDENCE, RI 02903401-421-2800LinkedIn11-50 employees
Other plans on this EIN
6 filings
#076Retirement-$5.09B assets#030Retirement-$4.43B assets#006Retirement-$2.18B assets#077Retirement-$272.0M assets#228Retirement-$467K assets#303Retirement--
Prospect flagsHigh retiree %Low participationWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 421-2800
Plan administrator signer
JOYCE LAFOND
Signed 09/28/2020
Plan administrator entity
TEXTRON INC.
EIN 050315468
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Summary metrics

Total assets (EOY)
$93.3M
-4.6% from 2016
Total participants
1,036
+4.0% from 2016
Average account balance
$0
No prior year
Annual return
19.44%
-8.62 pp from 2016

Benchmarks

See 258 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants100-249
Cohort258 peers
Snapshot2019
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $5,755
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,029
Admin fee / account holder
$0
median $153
Annual return
19.44%
median 17.47%
Overall peer rank
34th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$112.56M
Average account balance
Total assets / participants with a balance (line 6g)
$139K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
730
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.26%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS1 year
Service code 15 · EIN 04-2647786
Recordkeeping
$52,253
PROSKAUER ROSE, LLP1 year
Service code 29
ONE INTERNATIONAL PLACE · BOSTON, MA 021102600
Legal
$17,686
TEXTRON INC. ADMIN1 year
Service code 14 · EIN 05-0315468
Plan Administrator
$11,210

Enrolled actuary

1 attachment
SB

JOSEPH A GRONDIN

WILLIS TOWERS WATSON US LLC
Enrollment #2006662
26555 EVERGREEN ROAD
SUITE 1600
SOUTHFIELD, MI 48076
(248) 936-7700
Signed 2020-07-31

Top hat statement on fileNQDC

Filed December 15, 1995 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1B3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$171K
$1452 / participant
  • Other / not subdivided$171K100.0%
% of EOY assets
0.184%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified