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Company:
Textron Inc.
Plan:
Textron Savings Plan
 

Textron Inc.

78 Plan:

 
 
78
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?]
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.

 

 Comments

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

Address40 Westminster Street
Providence, RI 02903
IndustryOther Miscellaneous Manufacturing
AdministratorNancy Gilman
Net Plan Assets$1,390,000,000
Total Participants40,000
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

 Plan Data Vault

Plan Data Vault

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