Defined Benefit (Pension) · DOL Form 5500 · 2024

Textron Inc. Pension Plan

Data updated 2026-07-24

$5.5B
Total assets: 6,888
Participants: 100th
Percentile by assets: $792,427
Avg per participant

Official DOL plan name: Textron Master Retirement Plan · Sponsored by Textron Inc. · Rhode Island · Manufacturing

$5.5B in assets, 6,888 participants

Textron Inc.'s Textron Master Retirement Plan reported $5.5B in total assets and 6,888 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 Master Retirement Plan covers 6,888 participants in Rhode Island, 4.6x the typical Rhode Island plan (state average ~1,486 per filing). Assets: $5.5B.

$5.5B
total plan assets (2024 EOY): 6,888
covered participants: 100th
percentile by assets (of 116,472 plans): $792,427
avg assets per participant

Textron Master Retirement Plan reported net income fell from $268M in the plan year 2023 filing to $207M in the plan year 2024 filing.
Textron Master Retirement Plan reported participants fell from 7,320 in the plan year 2023 filing to 6,888 in the plan year 2024 filing.
Textron Master Retirement Plan end-of-year assets rose from $5.2B in the plan year 2023 filing to $5.5B in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Rhode Island

Industry

Manufacturing

Participants vs Rhode Island filers

In Rhode Island, the average filing covers about 1,486 participants across 402 plans. Textron Master Retirement Plan reports 6,888 participants - 4.6x that state average ($5.5B EOY assets).

Rhode Island filing particulars

Total Assets (Beginning of Year)	$5.2B
Net Assets (End of Year)	$5.5B
Net Income	$207M
Employer EIN	050315468
Plan Effective Date	1945-12-28
Filing Status	FILING RECEIVED

Sponsor Plan History (Textron Inc.)

Total plan assets by year, all Textron Inc. plans on file

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.

Textron Master Retirement Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants

The Bank of America Pension Plan $19.0B · 53,831
Factory Mutual Insurance Company Pension Plan $3.0B · 3,656
Bell Helicopter Textron Master Retirement Plan $2.3B · 2,671
Amica Pension Fund $1.7B · 2,172
Cfg Pension Plan $1.2B · 2,962

Compare Textron Master Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Textron Master Retirement Plan by total assets, not by location.

Pension Trust Fund for Operating Engineers (CA) $5.4B · 20,372
The PNC Financial Services Group, Inc. Pension Plan (PA) $5.5B · 58,779
Nextera Energy, Inc. Employee Pension Plan (FL) $5.3B · 14,419
Triad Defined Benefit Pension Plan (NM) $5.6B · 2,018

Frequently Asked Questions

How did Textron Master Retirement Plan assets move in 2024? ▼

Textron Master Retirement Plan edged up modestly - up 4.1% during 2024, from $5.2B to $5.5B. Reported net income was $207M.

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 Master Retirement Plan rank by assets among Form 5500 filers? ▼

Textron Master Retirement Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Textron Master Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Trust Fund for Operating Engineers in CA ($5.4B, 20,372 participants).

Next read for Textron Master Retirement Plan

Filing takeaways

Ways to act on Textron Master Retirement Plan's numbers.

By total assets, Textron Master Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.

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