Retirement plan
CWC CASTINGS DIV OF TEXTRON INC HRY-RATED EES' PEN PLAN
TEXTRON INC.EIN 05-0315468Plan #020PY 2022
Prospect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOYCE LAFOND
Signed 07/24/2023
Plan administrator entity
TEXTRON INC.
EIN 050315468
Summary metrics
Total assets (EOY)
$97.2M
-4.6% from 2016
Total participants
897
+4.0% from 2016
Average account balance
$0
No prior year
Annual return
-16.20%
-8.62 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants25-99
Cohort461 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $6,667
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $19,435
0
Admin fee / account holder
$0
median $52
38
Annual return
-16.20%
median -14.47%
Overall peer rank
38of 100
38th 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
| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS4 years Service code 15 · EIN 04-2647786 | Recordkeeping | $39,998 |
TEXTRON INC. ADMIN4 years Service code 14 · EIN 05-0315468 | Plan Administrator | $34,280 |
PROSKAUER LEGAL FEE3 years Service code 29 · EIN 35-1840454 | Legal | $5,748 |
Enrolled actuary
1 attachment
SB
JOSEPH A GRONDIN
WILLIS TOWERS WATSON US LLC
Enrollment #2306662
26555 EVERGREEN ROAD
SUITE 1600
SOUTHFIELD, MI 48076
(248) 936-7700
Signed 2023-06-28
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.
Plan features & details
Pension benefit codes1B3H
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- 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
$165K
$1697 / participant
- Other / not subdivided$165K100.0%
% of EOY assets
0.169%
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