PlanOptica
Retirement plan

TEXTRON SAVINGS PLAN

TEXTRON INC.EIN 05-0315468Plan #030PY 2015
Sign in to saveView 5500 PDF
40 WESTMINSTER STREET - PROVIDENCE, RI 02903401-421-2800LinkedIn11-50 employees
Other plans on this EIN
5 filings
#076Retirement-$4.35B assets#006Retirement-$1.64B assets#077Retirement-$197.1M assets#020Retirement-$75.7M assets#228Retirement-$324K assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 421-2800
Plan administrator signer
JOYCE LAFOND
Signed 07/25/2016
How to read this page

Summary metrics

Total assets (EOY)
$3506.5M
-6.6% from 2016
Total participants
35,750
-1.8% from 2016
Average account balance
$103,665
-3.1% from 2016
Annual return
1.01%
-8.00 pp from 2016

Benchmarks

See 87 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort87 peers
Snapshot2015
Participant deferral / active EE
$6,343
median $5,946
Employer contribution / active EE
$3,760
median $3,302
Participation rate
92.4%
median 92.4%
Avg account balance
$103,665
median $109,006
Admin fee / account holder
$51
median $47
Annual return
1.01%
median 0.55%
Overall peer rank
53rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.13B
Average account balance
Total assets / participants with a balance (line 6g)
$172K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
35,595
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.4%
Contributions (total)
Employer and participant dollars contributed each year
$375.57M
Contributions per participant
Average employer and participant contribution per enrolled participant
$14K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.20%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$48
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years
Service code 37 · EIN 04-2647786
Loan Processing
$1,437,416
COVINGTON & BURLINGTON1+ years
Service code 29 · EIN 53-0188411
Legal
$221,682
TEXTRON1+ years
Service code 14 · EIN 05-0315468
Plan Administrator
$94,873
ERNST & YOUNG1+ years
Service code 10 · EIN 34-6565596
Accounting
$62,000
NORTHGATE ARINSO1+ years
Service code 99 · EIN 65-1205969
Other Fees
$12,502

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 codes2E2F2H2J2K2O2R2S2T3F3H3I
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2H
    Partial participant-directed account plan
    Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3I
    Employer securities investment required
    Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$1.7M
$68 / participant
  • Contract admin$1M76.1%
  • Other / not subdivided$413K23.9%
% of EOY assets
0.049%
all-in expense ratio
Categories reported
1 / 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
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified