401(k) · DOL Form 5500 · 2022
Textron Inc. 401(k) Plan
Data updated 2026-08-11
- $5.0B
- Total assets
- 25,353
- Participants
- 100th
- Percentile by assets
- $196,437
- Avg per participant
Official DOL plan name: Textron Savings Plan · Sponsored by Textron Inc. · Rhode Island · Manufacturing
$5.0B in assets, 25,353 participants
Textron Inc.'s Textron Savings Plan reported $5.0B in total assets and 25,353 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,126 plans)
- #20,507 in Manufacturing (20,602 peers)
Coverage in Rhode Island
Textron Savings Plan covers 25,353 participants in Rhode Island, 17x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $5.0B.
- $5.0B
- total plan assets (2022 EOY)
- 25,353
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $196,437
- avg assets per participant
The plan reported a net loss of $905M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Rhode Island filers
In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Textron Savings Plan reports 25,353 participants - 17x that state average ($5.0B EOY assets).
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $5.9B |
|---|---|
| Net Assets (End of Year) | $5.0B |
| Net Income | -$905M |
| Employer EIN | 050315468 |
| Plan Effective Date | 1960-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Textron Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 46,672 | $12.5B |
| 2023 | 5 | 46,843 | $13.6B |
| 2024 | 5 | 45,819 | $14.4B |
Nearby 401(k) Plans in Rhode Island
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Textron Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants
- CVS Health Future Fund 401(k) Plan $24.2B · 273,274
- Cfg Retirement Savings Plan $2.5B · 17,454
- Unfi 401(k) Plan $2.5B · 24,670
- Fm Global 401(k) Savings Plan $1.4B · 3,865
- Igt 401(k) Retirement Savings Plan $1.0B · 5,633
Scale composition for Textron Savings Plan
Textron Savings Plan reports $5.0B in end-of-year assets across 25,353 participants (0.040% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 covered participants) - about $196,437 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2022 was -$905M.
This plan identity (EIN 050315468, plan #030) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.0B to $6.1B (+23.0%) while covered participants moved from 25,353 to 26,609 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 25,353 | $5.0B | This page |
| 2023 | 26,580 | $5.7B | Open filing |
| 2024 · index core | 26,609 | $6.1B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Textron Savings Plan (401(k), $6.1B, 26,609 participants)
- Textron Master Retirement Plan (Defined Benefit (Pension), $5.5B, 6,888 participants)
- Bell Helicopter Textron Master Retirement Plan (Defined Benefit (Pension), $2.3B, 2,671 participants)
- Textron Inc Retirement Account Plan (Profit Sharing, $353M, 9,563 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Textron Savings Plan by total assets, not by location.
- Hdr, Inc. Best Plan and ESOP (NE) $5.0B · 9,716
- Trane Technologies Employee Savings Plan (Esp) (NC) $5.0B · 17,017
- Verizon Savings & Security Plan for New York and New England Associates (NJ) $4.9B · 13,933
- Ntess Savings and Income Plan (NM) $5.0B · 14,007
Frequently Asked Questions
How did Textron Savings Plan assets move in 2022? ▼
How have Textron Inc. plan assets changed over time? ▼
Where does Textron Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Textron Savings Plan? ▼
Next read for Textron Savings Plan
Filing takeaways
Ways to act on Textron Savings Plan's numbers.
- By total assets, Textron Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Rhode Island. Compare plans
- Textron Inc.'s sponsor-wide assets have grown 15.3% since 2022 across 3 plan years on file. More Manufacturing plans