Department of Labor filing

TEXTRON INC.

TEXTRON SAVINGS PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Jul 8, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

76filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$5,890

Reported employer contributions per active participant.

Higher than about 74% of comparable plans

#People in the filing

26,117

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$46 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 83% of comparable plans

↗Investment performance

Not available

Plan assets changed 7.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202476out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions74th percentileTypical peer $3,888 · based on 117 comparable plans

Lower reported administrative expense83rd percentileTypical peer $80 · based on 111 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, TEXTRON INC. reported $153,828,040 in employer contributions across the plan and 26,117 active participants. That works out to $5,890 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy73%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 17.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 27.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context76/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $153,828,040
Participant contributions: $221,743,937
Other contributions: $14,992,748
Employer share of reported contributions: 41.0%
Beginning assets: $5,714,708,993
Ending assets: $6,125,315,140
Ending net assets: $6,125,127,428
Ending liabilities: $187,712
Total income: $1,017,682,780
Total expenses: $606,918,837
Administrative expenses: $1,693,956
Participant loans: $81,831,923

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$5,008

2023

$5,506

2024

$5,890

Plan-paid administrative expenses per participant

2022

$64

2023

$56

2024

$46

Active participants

2022

26,580

2023

26,609

2024

26,117

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$5,890	26,117	6.1B	20250708132051NAL0004714017001
2023	$5,506	26,609	5.7B	20240625125724NAL0008045313001
2022	$5,008	26,580	5B	20230724105010NAL0004313219001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 050315468-030

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jul 1, 1960
Industry: Industry group 339
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2H2J2K2O2S2T3F3H3I2R

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
BLACKROCK FINANCIAL MANAGEMENT	2024	Not reported	unknown
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown
GALLIARD CAPITAL MANAGEMENT, INC	2024	Not reported	unknown
STATE STREET GLOBAL ADVISORS TRUST	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250708132051NAL0004714017001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗