PlanOptica
Retirement plan

TEXTRON RETIREMENT ACCOUNT PLAN TRUST

TEXTRON, INC.EIN 05-0315468Plan #077PY 2017
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40 WESTMINSTER STREET - PROVIDENCE, RI 02903401-421-2800LinkedIn11-50 employees
Other plans on this EIN
7 filings
#076Retirement-$4.94B assets#030Retirement-$4.33B assets#006Retirement-$2.13B assets#020Retirement-$87.9M assets#228Retirement-$396K assets#301Retirement--#302Retirement--
Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 421-2800
Plan administrator signer
JOYCE LAFOND
Signed 07/27/2018
How to read this page

Summary metrics

Total assets (EOY)
$237.2M
-4.8% from 2016
Total participants
16,904
+8.0% from 2016
Average account balance
$26,880
-10.2% from 2016
Annual return
12.15%
-5.68 pp from 2016

Benchmarks

See 88 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort88 peers
Snapshot2017
Participant deferral / active EE
$0
median $6,623
Employer contribution / active EE
$975
median $3,607
Participation rate
40.7%
median 95.3%
Avg account balance
$26,880
median $139,863
Admin fee / account holder
$21
median $44
Annual return
12.15%
median 17.81%
Overall peer rank
16th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$353.33M
Average account balance
Total assets / participants with a balance (line 6g)
$60K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
5,889
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
35.2%
Contributions (total)
Employer and participant dollars contributed each year
$10.40M
Contributions per participant
Average employer and participant contribution per enrolled participant
$1K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.69%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$31
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 4 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years
Service code 64 · EIN 04-2647786
Recordkeeping Fees
$170,439
ERNST & YOUNG3+ years
Service code 10 · EIN 34-6565596
Accounting
$27,000
NORTHGATE ARINSO3+ years
Service code 99 · EIN 65-1205969
Other Fees
$10,858
TEXTRON, INC.2 years
Service code 14 · EIN 05-0315468
Plan Administrator
$9,279

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 codes2H2T3F3H2E
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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.
  • 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)).

Opportunity flags

5 tripped
  • OpportunityLow participation

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

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$185K
$14 / participant
  • Other / not subdivided$185K100.0%
% of EOY assets
0.078%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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