BrightScope Rating
Company:
Textron Inc.
Plan:
Textron Savings Plan
Textron Inc.
78
Plan:
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (78) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $289,600 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.
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 78, 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 31,300 active participants and over $1.3B in plan assets.
Plan Details
| Address | 40 Westminster Street Providence, RI 02903 |
| Industry | Other Miscellaneous Manufacturing |
| Administrator | Nancy Gilman |
| Net Plan Assets | $1,390,000,000 |
| Total Participants | 40,000 |
| Avg Account Balance | $35,000 |
Top 3 Investment Holdings
| 1. | Textron Inc. Common Stock | 54% |
| 2. | Vague Stable Value Fund | 11% |
| 3. | Vanguard Institutional Index | 8% |
Other Companies in Peer Group
| General Dynamics | 80.1 |
| Deere & Company | 78.6 |
| Medtronic | 77.6 |
| Dell | 74.0 |
| Parker Hannifin | 73.0 |
| Eaton | 72.8 |
Plan Service Providers
| Insurance Carrier | Metlife |
| Auditor | Ernst & Young |
| Recordkeeper | Fidelity |
| Recordkeeper | Fidelity |
| Legal Counsel | Covington & Burling |
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