Profit Sharing · DOL Form 5500 · 2023
Textron, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $332M
- Total assets Above avg plan size
- 10,046
- Participants Very large workforce
- 96th
- Percentile by assets National rank
- $33,087
- Avg per participant Low balance/head
Official DOL plan name: Textron Retirement Account Plan Trust · Sponsored by Textron, Inc. · Rhode Island · Manufacturing
$332M in assets, 10,046 participants
Textron, Inc.'s Textron Retirement Account Plan Trust reported $332M in total assets and 10,046 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- #17,653 in Manufacturing (18,722 peers)
Coverage in Rhode Island
Textron Retirement Account Plan Trust covers 10,046 participants in Rhode Island, 6.9x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $332M.
- #17,653
- in Manufacturing (18,722 peers)
- +14.2%
- assets growth YoY
- 3.3×
- vs typical plan assets (national mean)
Textron Retirement Account Plan Trust's outsized position by total assets
Textron Retirement Account Plan Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$332,389,145 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Textron Retirement Account Plan Trust's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Textron Retirement Account Plan Trust is a mega filing (10,046 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Textron Retirement Account Plan Trust reported net income rose from -$56M in the plan year 2022 filing to $48M in the plan year 2023 filing.
- Textron Retirement Account Plan Trust end-of-year assets rose from $291M in the plan year 2022 filing to $332M in the plan year 2023 filing.
- Textron Retirement Account Plan Trust reported participants fell from 10,515 in the plan year 2022 filing to 10,046 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 050315468 · Textron, Inc. PY 2023 · Profit Sharing
Textron Retirement Account Plan Trust · $332M · 10,046 · 96th
- TYPE $332M
- NET 10,046
- BOOK 96th
- VS-ST Profit Sharing
- BOY near Retirement Plan for Employees Represented by Sheet Metal Workers Local Union 18
- SCH ind #17653
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Rhode Island →
Textron Retirement Account Plan Trust in the asset neighbourhood
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $291M |
|---|---|
| Net Assets (End of Year) | $332M |
| Net Income | $48M |
| Employer EIN | 050315468 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Textron, Inc.)
Sponsor-wide plan assets over time
All Textron, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $14.4B 15.259876876730171% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 46,672 | $12.5B |
| 2023 | 5 | 46,843 | $13.6B |
| 2024 | 5 | 45,819 | $14.4B |
Nearby Profit Sharing Plans in Rhode Island
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Care New England 403(b) Match & Savings Plan $516M · 7,471
- Brown Physicians, Inc. 401(a) Plan $281M · 1,274
- International Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan $179M · 694
- Iuoe Local 57 Annuity Plan $132M · 938
- Meeting Street Retirement Plan $22M · 302
Scale composition for Textron Retirement Account Plan Trust
Textron Retirement Account Plan Trust reports $332M in end-of-year assets across 10,046 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $33,087 per participant (24% of the national average assets-per-participant) . Net income for plan year 2023 was $48M.
This plan identity (EIN 050315468, plan #077) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $291M to $353M (+21.4%) while covered participants moved from 10,515 to 9,563 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,515 | $291M | Open filing |
| 2023 | 10,046 | $332M | This page |
| 2024 · index core | 9,563 | $353M | 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)
Textron Retirement Account Plan Trust's out-of-state Profit Sharing peers by assets and headcount
Outside Rhode Island, the nearest Profit Sharing by assets is Retirement Plan for Employees Represented by Sheet Metal Workers Local Union 18 in WI ($334M); by covered participants it is Accenture United States Discretionary Profit Sharing Plan in IL (10,078 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($332M here).
- Retirement Plan for Employees Represented by Sheet Metal Workers Local Union 18 (WI) $334M · 1,762
- North Mississippi Health Services Employer Savings Plan (MS) $335M · 7,302
- Asplundh Tree Expert, LLC Profit Sharing Plan (PA) $335M · 2,346
- Rensselaer Polytechnic Institute Defined Contribution Retirement Plan for Rensselaer Contributions (NY) $336M · 1,696
Similar participant headcount
Nearest other-state filings by covered participants (10,046 participants); asset peers above are excluded.
- Accenture United States Discretionary Profit Sharing Plan (IL) 10,078 · 32 off
- The Research Foundation for Suny Retirement Plan (NY) 10,120 · 74 off
- University of Notre Dame 403(b) Retirement Plan (IN) 9,969 · 77 off
- Scpmg Keogh Plan (CA) 10,125 · 79 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.