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Company:
Textron Inc.
Plan:
Textron Savings Plan
 

Textron Inc.

76 Plan:

 
 
76
42
75
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (76) and the top rated plan (90) could equate to:
[How is this calculated?]
3 additional years of work
Up to $53,000 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 38,100 active participants and over $3.6B in plan assets.


 Investment Menu Statistics

No. of Investment Options
34
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Textron Inc. Common Stock 29%
2. Vanguard Group Target Retirement 23%
3. Vanguard Institutional Index 11%

 Retirement Plan Details

Address 40 Westminster Street
Providence, RI 02903 
Industry Manufacturing
Administrator Joyce Lafond
Net Plan Assets $3,580,000,000
Total Participants 38,000
Avg Account Balance $100,000

 Compare Other Companies in Peer Group

Boston Scientific 83.3
Philips Electronics North America 82.4
Kimberly-Clark 81.6
Corning 80.5
Alliant Techsystems 78.5
Johnson Controls 78.0

 
Plan Service Providers

Insurance Carrier Various
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Insurance Carrier Protective Life
Recordkeeper Fidelity
Legal Counsel Covington & Burling
Administration Textron, Inc.
Auditor Ernst & Young