Profit Sharing · DOL Form 5500 · 2023
Textron, Inc. Profit Sharing Plan
Data updated 2026-08-11
- $332M
- Total assets
- 10,046
- Participants
- 96th
- Percentile by assets
- $33,087
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $332M
- total plan assets (2023 EOY)
- 10,046
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $33,087
- avg assets per participant
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.
Participants vs Rhode Island filers
In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Textron Retirement Account Plan Trust reports 10,046 participants - 6.9x that state average ($332M EOY assets).
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.)
| 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.
Textron Retirement Account Plan Trust vs. nearby Profit Sharing plans in Rhode Island, assets vs. participants
- 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)
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Textron Retirement Account Plan Trust by total assets, not by location.
- 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
Frequently Asked Questions
How did Textron Retirement Account Plan Trust assets move in 2023? ▼
How have Textron, Inc. plan assets changed over time? ▼
Where does Textron Retirement Account Plan Trust rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Textron Retirement Account Plan Trust? ▼
Next read for Textron Retirement Account Plan Trust
Filing takeaways
Ways to act on Textron Retirement Account Plan Trust's numbers.
- By total assets, Textron Retirement Account Plan Trust ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing 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