401(k)
2022 plan-year 401(k) DOL Form 5500

Textron Retirement Account Plan Trust

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Textron, Inc. · Rhode Island · Manufacturing

What the 2023 filing shows

Textron Retirement Account Plan Trust holds $291M for 10,515 participants — about $27,670 per participant, down 18.4% over the 2022 plan year.

$291M
total plan assets (2022 EOY)
10,515
covered participants
$27,670
avg assets per participant
-18.4%
assets change YoY

The plan reported a net loss of $56M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$291M
Participants
10,515
State
Industry
Manufacturing

What the Filing Says About Textron Retirement Account Plan Trust

Textron Retirement Account Plan Trust is a 401(k) retirement plan sponsored by Textron, Inc., headquartered in Rhode Island. As of the 2022 Form 5500 filing, the plan reports $291M in total end-of-year assets and covers 10,515 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 050315468, and the plan has been effective since 2007-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $356M at the beginning of 2022 to $291M at year-end — a decline of 18.4%. Net assets (after liabilities) closed the year at $291M, with reported net income of $-55,822,975 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$356M
Total Assets (End of Year)$291M
Net Assets (End of Year)$291M
Net Income$-55,822,975
Plan Type401(k)
Employer EIN050315468
Plan Effective Date2007-01-01
Filing StatusFILING 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.

Frequently Asked Questions

How much money is in the Textron Retirement Account Plan Trust?
As of the 2022 Form 5500 filing, Textron Retirement Account Plan Trust holds $291M in total assets with 10,515 participants. It is sponsored by Textron, Inc..
What type of plan is Textron Retirement Account Plan Trust?
Textron Retirement Account Plan Trust is a 401(k) plan. It has been effective since 2007-01-01. The plan is filed with the U.S. Department of Labor under EIN 050315468.
Who sponsors the Textron Retirement Account Plan Trust?
Textron Retirement Account Plan Trust is sponsored by Textron, Inc., located in Rhode Island. The sponsor's EIN is 050315468 and the plan operates in the Manufacturing industry.
How did Textron Retirement Account Plan Trust perform in 2022?
Textron Retirement Account Plan Trust declined by 18.4% during 2022, moving from $356M to $291M in total assets. Net income was $-55,822,975.
Where can I find official filings for Textron Retirement Account Plan Trust?
Official Form 5500 filings for Textron Retirement Account Plan Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 050315468 or plan name at efast.dol.gov.
How does Textron Retirement Account Plan Trust compare to other plans?
You can compare Textron Retirement Account Plan Trust against other 401(k) plans on the plan type page, or view plans in Rhode Island on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 050315468.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.