401(k) · DOL Form 5500 · 2024
Textron Inc. 401(k) Plan
Data updated 2026-07-24
- $6.1B
- Total assets
- 26,609
- Participants
- 100th
- Percentile by assets
- $230,197
- Avg per participant
Official DOL plan name: Textron Savings Plan · Sponsored by Textron Inc. · Rhode Island · Manufacturing
$6.1B in assets, 26,609 participants
Textron Inc.'s Textron Savings Plan reported $6.1B in total assets and 26,609 participants in its 2024 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.
- 100th percentile by assets (of 116,472 plans)
Coverage in Rhode Island
Textron Savings Plan covers 26,609 participants in Rhode Island, 18x the typical Rhode Island plan (state average ~1,486 per filing). Assets: $6.1B.
- $6.1B
- total plan assets (2024 EOY)
- 26,609
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $230,197
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Textron Savings Plan reported net income fell from $735M in the plan year 2023 filing to $411M in the plan year 2024 filing.
- Textron Savings Plan end-of-year assets rose from $5.7B in the plan year 2023 filing to $6.1B in the plan year 2024 filing.
- Textron Savings Plan reported participants rose from 26,580 in the plan year 2023 filing to 26,609 in the plan year 2024 filing.
Participants vs Rhode Island filers
In Rhode Island, the average filing covers about 1,486 participants across 402 plans. Textron Savings Plan reports 26,609 participants - 18x that state average ($6.1B EOY assets).
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $5.7B |
|---|---|
| Net Assets (End of Year) | $6.1B |
| Net Income | $411M |
| Employer EIN | 050315468 |
| Plan Effective Date | 1960-07-01 |
| 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 401(k) Plans in Rhode Island
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Textron Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants
- CVS Health Future Fund 401(k) Plan $30.1B · 240,493
- Cfg Retirement Savings Plan $3.2B · 17,893
- Unfi 401(k) Plan $2.8B · 26,416
- Factory Mutual Insurance Company 401(k) Savings Plan $1.9B · 4,005
- Igt 401(k) Retirement Savings Plan $1.4B · 6,006
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Textron Savings Plan by total assets, not by location.
- Deseret 401(k) Plan (UT) $6.1B · 25,301
- Applied Materials, Inc. Employee Savings & Retirement Plan (CA) $6.2B · 14,940
- Takeda Pharmaceutical U.S.a., Inc. Savings and Retirement Plan (MA) $6.2B · 23,253
- Bechtel Trust & Thrift Plan (AZ) $6.1B · 7,971
Frequently Asked Questions
How did Textron Savings Plan assets move in 2024? ▼
How have Textron Inc. plan assets changed over time? ▼
Where does Textron Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Textron Savings Plan? ▼
Next read for Textron Savings Plan
Filing takeaways
Ways to act on Textron Savings Plan's numbers.
- By total assets, Textron Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 050315468.
Read our methodology - how this data is sourced, computed, and verified.