Defined Benefit (Pension) · DOL Form 5500 · 2023
Textron Inc. Pension Plan
Data updated 2026-08-25
- $5.2B
- Total assets Very large vs avg
- 7,320
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $716,446
- Avg per participant High balance/head
Official DOL plan name: Textron Master Retirement Plan · Sponsored by Textron Inc. · Rhode Island · Manufacturing
$5.2B in assets, 7,320 participants
Textron Inc.'s Textron Master Retirement Plan reported $5.2B in total assets and 7,320 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.
- #18,618 in Manufacturing (18,722 peers)
Coverage in Rhode Island
Textron Master Retirement Plan covers 7,320 participants in Rhode Island, 5.1x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $5.2B.
- #18,618
- in Manufacturing (18,722 peers)
- +5.5%
- assets growth YoY
- 53×
- vs typical plan assets (national mean)
Textron Master Retirement Plan's outsized position by total assets
Textron Master Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$5,244,382,313 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 Master Retirement Plan's large-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 Master Retirement Plan lands in the large band (7,320 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Textron Master Retirement Plan reported net income rose from -$1.3B in the plan year 2022 filing to $268M in the plan year 2023 filing.
- Textron Master Retirement Plan end-of-year assets rose from $5.0B in the plan year 2022 filing to $5.2B in the plan year 2023 filing.
- Textron Master Retirement Plan reported participants fell from 7,702 in the plan year 2022 filing to 7,320 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 050315468 · Textron Inc. PY 2023 · Defined Benefit (Pension)
Textron Master Retirement Plan · $5.2B · 7,320 · 100th
- SCH $5.2B
- SCH 7,320
- SCH 100th
- SCH Defined Benefit (Pension)
- SCH near Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund
- SCH ind #18618
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 Master Retirement Plan in the asset neighbourhood
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $5.0B |
|---|---|
| Net Assets (End of Year) | $5.2B |
| Net Income | $268M |
| Employer EIN | 050315468 |
| Plan Effective Date | 1945-12-28 |
| 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 Defined Benefit (Pension) Plans in Rhode Island
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- The Bank of America Pension Plan $19.2B · 56,519
- Factory Mutual Insurance Company Pension Plan $2.9B · 3,478
- Bell Helicopter Textron Master Retirement Plan $2.2B · 2,800
- Amica Pension Fund $1.8B · 2,338
- Cfg Pension Plan $1.1B · 3,296
Scale composition for Textron Master Retirement Plan
Textron Master Retirement Plan reports $5.2B in end-of-year assets across 7,320 participants (0.043% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $716,446 per participant (5.2x the national average assets-per-participant) . Net income for plan year 2023 was $268M.
This plan identity (EIN 050315468, plan #076) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.0B to $5.5B (+9.8%) while covered participants moved from 7,702 to 6,888 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,702 | $5.0B | Open filing |
| 2023 | 7,320 | $5.2B | This page |
| 2024 · index core | 6,888 | $5.5B | 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 Master Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Rhode Island, the nearest Defined Benefit (Pension) by assets is Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund in CA ($5.2B); by covered participants it is Consolidated Pension Plan of Hackensack Meridian Health in NJ (7,308 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.2B here).
- Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund (CA) $5.2B · 51,823
- The Bank of New York Mellon Corporation Pension Plan (PA) $5.3B · 7,374
- Nationwide Retirement Plan (OH) $5.3B · 22,311
- Mid-America Carpenters Regional Council Pension Fund (IL) $5.3B · 10,863
Similar participant headcount
Nearest other-state filings by covered participants (7,320 participants); asset peers above are excluded.
- Consolidated Pension Plan of Hackensack Meridian Health (NJ) 7,308 · 12 off
- Electrical Workers Local No. 26 Pension Fund (MD) 7,302 · 18 off
- Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees (MN) 7,301 · 19 off
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan (WI) 7,368 · 48 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.