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Company:
Textron, Inc.
Plan:
Textron Savings Plan
 

Textron, Inc.

79 Plan:

 
 
79
10
71
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (79) and the top rated plan (86) could equate to:
[How is this calculated?]
3 additional years of work
Up to $7,600 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.

 

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. This plan is in the top 35% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. Textron Savings Plan currently has over 35,600 active participants and over $2.3B in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
31
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. Textron Inc. Common Stock 35%
2. Vanguard Institutional Index 11%
3. PIMCO Total Return 6%

 Retirement Plan Details

Address 40 Westminster Street
Providence, RI 02903 
Industry Manufacturing
Administrator Douglas Stewart
Net Plan Assets $2,300,000,000
Total Participants 36,000
Avg Account Balance $68,000

  Plan Service Providers

Insurance Carrier Aegon
Insurance Carrier Prudential
Insurance Carrier New York Life
Insurance Carrier MetLife
Insurance Carrier Pacific Life Insurance
Administration Textron, Inc.
Legal Counsel Textron, Inc.
Consultant Textron, Inc.
Auditor Ernst & Young

 Comments