2023 Form 5500 filing — Textron Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240625125724NAL0008045313001) for Textron Savings Plan, reported by Textron Inc. under EIN 05-0315468 and plan number 030. It reports 36,751 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240625125724NAL0008045313001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Textron Inc.
- EIN
- 05-0315468
- Plan number
- 030
- Location
- Providence, RI
- Participants
- 36,751
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,714,708,993
- Total liabilities (EOY)
- $345,508
- Net assets (EOY)
- $5,714,363,485
- Employer contributions
- $146,508,431
- Participant contributions
- $209,637,976
- Total income / additions
- $1,213,262,875
- Benefits paid
- $476,429,601
- Administrative expenses
- $2,065,478
- Total expenses
- $478,665,785
- Net increase / (decrease)
- $734,597,090
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $1,891,441 | $0 |
| Ernst & Young | ACCOUNTANT/AUDITOR | $130,000 | not reported in the loaded dataset |
| Proskauer Rose Llp | LEGAL | $118,401 | not reported in the loaded dataset |
| Textron Inc | PLAN SPONSOR | $51,515 | not reported in the loaded dataset |
| Cem Benchmarking | CONSULTANT | $30,000 | not reported in the loaded dataset |
| Cieba | CONSULTANT | $12,490 | not reported in the loaded dataset |