401(k) · DOL Form 5500 · 2024

Textron Inc. 401(k) Plan

Data updated 2026-08-25

$6.1B
Total assets Very large vs avg
26,609
Participants Very large workforce
100th
Percentile by assets National rank
$230,197
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #17,674 in Manufacturing (17,777 peers)

Coverage in Rhode Island

Textron Savings Plan covers 26,609 participants in Rhode Island, 18x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $6.1B.

#17,674
in Manufacturing (17,777 peers)
+7.2%
assets growth YoY
61×
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 2024 · DOL Form 5500

$6,125,315,140 Highest reported value at or above every one of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Textron Savings Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Textron Savings Plan is a mega filing (26,609 participants), the rightmost band on the breakdown.

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 050315468 · Textron Inc. PY 2024 · 401(k)

Textron Savings Plan · $6.1B · 26,609 · 100th

  • ASSETS $6.1B
  • ASSETS 26,609
  • ASSETS 100th
  • ASSETS 401(k)
  • ASSETS near Deseret 401(k) Plan
  • ASSETS ind #17674

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

Takeda Pharmaceutical U.S.a., Inc. Savings and Retirement PlanTakeda Pharmaceutical U.S.a.…$6.2BApplied Materials, Inc. Employee Savings & Retirement PlanApplied Materials, Inc. Empl…$6.2BDeseret 401(k) Plan$6.1BTextron Savings Plan$6.1BBechtel Trust & Thrift Plan$6.1B
End-of-year total assets ($B) among Textron Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Rhode Island filing particulars

Total Assets (Beginning of Year)$5.7B
Net Assets (End of Year)$6.1B
Net Income$411M
Employer EIN050315468
Plan Effective Date1960-07-01
Filing StatusFILING 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
$12B$13B$14B$15B 202220232024 $12.5B $14.4B ▲ +15.2%
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 Scatter plot of 6 data points. -1000000100000200000300000 -10010203040 Total assets ($B) Participants Textron Savings Plan, Total assets ($B): 6.12531514 · Participants: 26609Textron Savings PlanCVS Health Future Fund 401(k) Plan, Total assets ($B): 30.087909242 · Participants: 240493CVS Health Future Fund 401(k) PlanCfg Retirement Savings Plan, Total assets ($B): 3.249944772 · Participants: 17893Cfg Retirement Savings PlanUnfi 401(k) Plan, Total assets ($B): 2.764430113 · Participants: 26416Unfi 401(k) PlanFactory Mutual Insurance Company 401(k) Savings Plan, Total assets ($B): 1.916269037 · Participants: 4005Factory Mutual Insurance Company 401(k) Savings PlanIgt 401(k) Retirement Savings Plan, Total assets ($B): 1.3743391 · Participants: 6006Igt 401(k) Retirement Savings Plan
Textron Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants
Compare Textron Savings Plan side-by-side with 3 peers →

Scale composition for Textron Savings Plan

Textron Savings Plan reports $6.1B in end-of-year assets across 26,609 participants (0.050% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $230,197 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2024 was $411M.

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 Open filing
2024 · index core 26,609 $6.1B This page

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Textron Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Rhode Island, the nearest 401(k) by assets is Deseret 401(k) Plan in UT ($6.1B); by covered participants it is Sprouts Farmers Markets Holdings, LLC Employee 401(k) Savings Plan in AZ (26,444 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (26,609 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Textron Savings Plan assets move in 2024? ▼
Textron Savings Plan grew at a solid clip - up 7.2% during 2024, from $5.7B to $6.1B. Reported net income was $411M.
How have Textron Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Textron Inc.'s sponsor-wide assets grew 15.3%, from $12.5B to $14.4B.
Where does Textron Savings Plan rank by assets among Form 5500 filers? ▼
Textron Savings Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Textron Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Deseret 401(k) Plan in UT ($6.1B, 25,301 participants).
Which 401(k) plans cover a similar participant headcount to Textron Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sprouts Farmers Markets Holdings, LLC Employee 401(k) Savings Plan in AZ (26,444 participants, $265M in assets).

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.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.