Home  >   401k Directory   >   Textron Inc.
 
Company:
Textron Inc.
Plan:
Textron Savings Plan
 

Textron Inc.

76 Plan:

 
 
76
41
71
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (76) and the top rated plan (87) could equate to:
[How is this calculated?]
7 additional years of work
Up to $38,900 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 76. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. Textron Savings Plan currently has over 33,900 active participants and over $3.0B in plan assets.


 Investment Menu Statistics

No. of Investment Options
19
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Textron Inc. Common Stock 33%
2. Vanguard Institutional Index 12%
3. Fidelity Low-Priced Stock 7%

 Retirement Plan Details

Address 40 Westminster Street
Providence, RI 02903 
Industry Manufacturing
Administrator Joyce Lafond
Net Plan Assets $2,990,000,000
Total Participants 34,000
Avg Account Balance $92,000

 Compare Other Companies in Peer Group

Delphi 85.3
Texas Instruments 83.6
Rockwell Collins 82.0
Rockwell Automation 79.2
Johnson Controls 78.7
Alliant Techsystems 76.1

  Plan Service Providers

Insurance Carrier MetLife
Insurance Carrier New York Life
Insurance Carrier Prudential
Insurance Carrier Jackson National Life
Insurance Carrier Principal Financial Group
Recordkeeper Fidelity
Administration Textron, Inc.
Legal Counsel Covington & Burling
Auditor Ernst & Young