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Company:
Textron, Inc.
Plan:
Textron Savings Plan
 
(Top 30 2009)

Textron, Inc.

79 Plan:

 
 
79
10
71
86
0
10
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70
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For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (79) and the top rated plan (86) could equate to:
[How is this calculated?]
3 additional years of work
Up to $7,600 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

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 Plan Component Ratings

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Retirement Plan Description

Textron Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 79. This plan is in the top 15% of plans for Total Plan Cost. Textron Savings Plan currently has over 35,600 active participants and over $2.3B in plan assets.

 Retirement Plan Details

Address 40 Westminster Street
Providence, RI 02903 
Industry Manufacturing
Administrator Douglas Stewart
Net Plan Assets $2,300,000,000
Total Participants 36,000
Avg Account Balance $65,000

 Compare Other Companies in Peer Group

Kimberly-Clark 82.5
Corning 80.2
Philips Electronics North America 78.3
Alliant Techsystems 73.6
Newell Rubbermaid 69.7
Estee Lauder 69.2

 Top 3 Funds in this 401k

1. Textron Inc. Common Stock 35%
2. Vanguard Institutional Index 11%
3. PIMCO Total Return 6%

  Plan Service Providers

Insurance Carrier Aegon
Insurance Carrier Prudential
Insurance Carrier New York Life
Insurance Carrier MetLife
Insurance Carrier Pacific Life Insurance
Administration Textron, Inc.
Legal Counsel Textron, Inc.
Consultant Textron, Inc.
Auditor Ernst & Young
Corporate Trustee Fidelity
Recordkeeper Fidelity

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