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Company:
Textron, Inc.
Plan:
Textron Savings Plan
 

Textron, Inc.

79 Plan:

 
 
79
32
65
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (79) and the top rated plan (88) could equate to:
[How is this calculated?]
4 additional years of work
Up to $21,700 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.

 

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, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Total Plan Cost. Textron Savings Plan currently has over 34,000 active participants and over $2.5B in plan assets.


 Investment Menu Statistics

No. of Investment Options
25
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Textron Inc. Common Stock 32%
2. Vanguard Institutional Index 11%
3. PIMCO Total Return 7%

 Retirement Plan Details

Address 40 Westminster Street
Providence, RI 02903 
Industry Manufacturing
Administrator Claudia Mojkowski
Net Plan Assets $2,480,000,000
Total Participants 34,000
Avg Account Balance $78,000

 Compare Other Companies in Peer Group

Rockwell Collins 83.1
Rockwell Automation 79.1
L-3 Communications 76.0
Apple 74.9
Pyromation 57.9
Mid-South Industries 37.4

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Legal Counsel Covington & Burling
Administration Textron, Inc.
Auditor Ernst & Young