401(k) · DOL Form 5500 · 2023
Textron Inc. 401(k) Plan
Data updated 2026-08-25
- $5.7B
- Total assets Very large vs avg
- 26,580
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $215,000
- Avg per participant Above avg balance/head
Official DOL plan name: Textron Savings Plan · Sponsored by Textron Inc. · Rhode Island · Manufacturing
$5.7B in assets, 26,580 participants
Textron Inc.'s Textron Savings Plan reported $5.7B in total assets and 26,580 participants in its 2023 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.
- #18,625 in Manufacturing (18,722 peers)
Coverage in Rhode Island
Textron Savings Plan covers 26,580 participants in Rhode Island, 18x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $5.7B.
- #18,625
- in Manufacturing (18,722 peers)
- +14.7%
- assets growth YoY
- 57×
- vs typical plan assets (national mean)
Textron Savings Plan's outsized position by total assets
Textron Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$5,714,708,993 Highest reported value at or above every one 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 Savings Plan'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 Savings Plan is a mega filing (26,580 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Textron Savings Plan reported net income rose from -$905M in the plan year 2022 filing to $735M in the plan year 2023 filing.
- Textron Savings Plan end-of-year assets rose from $5.0B in the plan year 2022 filing to $5.7B in the plan year 2023 filing.
- Textron Savings Plan reported participants rose from 25,353 in the plan year 2022 filing to 26,580 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 050315468 · Textron Inc. PY 2023 · 401(k)
Textron Savings Plan · $5.7B · 26,580 · 100th
- IND $5.7B
- IND 26,580
- IND 100th
- IND 401(k)
- IND near State Street Salary Savings Program
- IND ind #18625
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 Savings Plan in the asset neighbourhood
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $5.0B |
|---|---|
| Net Assets (End of Year) | $5.7B |
| Net Income | $735M |
| Employer EIN | 050315468 |
| Plan Effective Date | 1960-07-01 |
| 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 401(k) Plans in Rhode Island
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- CVS Health Future Fund 401(k) Plan $27.6B · 265,760
- Cfg Retirement Savings Plan $2.9B · 19,047
- Unfi 401(k) Plan $2.7B · 25,475
- Fm Global 401(k) Savings Plan $1.7B · 4,295
- Igt 401(k) Retirement Savings Plan $1.2B · 5,645
Scale composition for Textron Savings Plan
Textron Savings Plan reports $5.7B in end-of-year assets across 26,580 participants (0.046% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $215,000 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $735M.
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 | Open filing |
| 2023 | 26,580 | $5.7B | This page |
| 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)
Textron Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Rhode Island, the nearest 401(k) by assets is State Street Salary Savings Program in MA ($5.7B); by covered participants it is Eaton Savings Plan in OH (26,555 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.7B here).
- State Street Salary Savings Program (MA) $5.7B · 12,168
- Cummins Retirement and Savings Plan (IN) $5.7B · 28,381
- Edison 401(k) Savings Plan (CA) $5.7B · 13,202
- Bechtel Trust & Thrift Plan (AZ) $5.7B · 7,448
Similar participant headcount
Nearest other-state filings by covered participants (26,580 participants); asset peers above are excluded.
- Eaton Savings Plan (OH) 26,555 · 25 off
- The 401(k) Plan (TX) 26,627 · 47 off
- Kellermeyer Bergensons Services Savings & Protection Plan (CA) 26,521 · 59 off
- American Express Retirement Savings Plan (NY) 26,493 · 87 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.