Rhode Island › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Bell Helicopter Textron Master Retirement Plan
Sponsored by Textron Inc., Providence, RI
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Textron Inc. of Providence, Rhode Island sponsors Bell Helicopter Textron Master Retirement Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 11,295 participants (2,331 active) and $2.51B in net assets.
Net assets came to $201,448 per participant in plan year 2024, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $1.2M: $103 per participant, close to the same-size median of $232. Administrative expenses charged to the plan were $2.4M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.03B in 2009 to $2.51B in 2025 (up 143%), and participants from 15,896 to 11,295 (down 29%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $201,448 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $223 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.11% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $223 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 11,295 | $2.51B | $222,478 | — | — | $1.2M |
| 2024 | 11,560 | $2.33B | $201,448 | — | — | $2.6M |
| 2023 | 11,861 | $2.24B | $188,994 | — | — | $1.2M |
| 2022 | 11,881 | $2.13B | $179,601 | — | — | $1.3M |
| 2021 | 12,365 | $2.68B | $216,817 | — | — | $1.4M |
| 2020 | 12,642 | $2.46B | $194,332 | — | — | $1.3M |
| 2019 | 12,895 | $2.18B | $169,395 | — | — | $874K |
| 2018 | 13,253 | $1.93B | $145,274 | — | — | $0 |
| 2017 | 13,531 | $2.13B | $157,340 | — | — | $0 |
| 2016 | 13,726 | $1.98B | $143,970 | $300M | — | $0 |
| 2015 | 14,012 | $1.64B | $117,220 | $0 | — | $0 |
| 2014 | 14,453 | $1.73B | $119,975 | $0 | — | $0 |
| 2013 | 14,927 | $1.69B | $113,154 | $0 | — | $0 |
| 2012 | 15,248 | $1.57B | $102,840 | $121M | — | $0 |
| 2011 | 15,402 | $1.37B | $88,735 | $100M | — | $0 |
| 2010 | 15,564 | $1.32B | $84,867 | $236M | — | $0 |
| 2009 | 15,896 | $1.03B | $64,992 | $10.5M | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$2,328,742,539
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$307,173,229
- Benefits paid$124,975,663
- Administrative expenses$2,393,875
- Total expenses$127,369,538
- Net income$179,803,691
- Net transfers$4,338,199
- Net assets, end of year$2,512,884,429
Participants
- Active participants2,331
- Retired or separated, receiving benefits5,529
- Retired or separated, entitled to future benefits1,340
- Total participants, end of year11,295
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fidelity Investments | Recordkeeping and information management; Investment management; Participant loan processing | $594,606 | $0 |
| Textron Inc. | Plan Administrator | $409,358 | $0 |
| Willis Towers Watson, LLC | Actuarial | $79,540 | $0 |
| Ernst & Young | Accounting (including auditing) | $75,739 | $0 |
| Proskauer Rose, LLP | Legal | $9,377 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$1,634,613
- Recordkeeping fees$594,606
- Actuarial fees$79,540
- IQPA audit fees$75,739
- Legal fees$9,377
- Total administrative expenses$2,393,875
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$2.51B · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1BBenefits are primarily flat dollar (includes dollars per year of service)3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 339900: Other Miscellaneous Mfg.
Other plans of Textron Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Textron Master Retirement Plan | 48,782 | $5.90B |
| Textron Savings Plan | 35,189 | $6.82B |
| Textron Inc. Retirement Account Plan | 11,068 | $388M |
| Textron Automotive Functional Components CWC Division, a Division of Textron Inc. Hourly-Rated Employees' Pension Plan | 768 | $125M |
Similar plans in Rhode Island
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Textron Master Retirement Plan | Textron Inc. | 48,782 | $5.90B | $120,976 |
| The Teknor Apex Company Retirement Plan | Teknor Apex Company | 1,689 | $242M | $143,345 |
| Textron Automotive Functional Components CWC Division, a Division of Textron Inc. Hourly-Rated Employees' Pension Plan | Textron Inc. | 768 | $125M | $162,639 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Bell Helicopter Textron Master Retirement Plan?
11,295 participants at the end of the plan year ending 31 Dec 2025, of whom 2,331 were active employees, with net assets of $2,512,884,429. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Textron Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,168,620 in compensation to service provider organisations, $103 per participant or 0.05% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $2,393,875. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Textron Inc.. Recordkeeping or administration: Fidelity Investments and Textron Inc.. Investment advisory or management: Fidelity Investments. The financial statements were audited by Ernst & Young LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 20 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 05-0315468, plan 006, received 20 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.