Rhode Island › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
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 Master Retirement Plan is a defined benefit pension plan sponsored by Textron Inc. of Providence, Rhode Island. For the plan year ending 31 Dec 2025 it reported 48,782 participants, 5,967 of them active, and net assets of $5.90B.
Net assets came to $108,755 per participant in plan year 2024, above the $88,040 median for defined benefit plans with 25,000 or more 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 $3.8M: $78.84 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $9.2M. 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 $2.41B in 2009 to $5.90B in 2025 (up 145%), and participants from 71,306 to 48,782 (down 32%).
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 | $108,755 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | $190 | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.17% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $190 | $306 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 | 48,782 | $5.90B | $120,976 | — | — | $3.8M |
| 2024 | 50,168 | $5.46B | $108,755 | — | — | $9.5M |
| 2023 | 51,703 | $5.24B | $101,394 | — | — | $4.3M |
| 2022 | 53,000 | $4.97B | $93,789 | — | — | $4.2M |
| 2021 | 54,844 | $6.24B | $113,835 | — | — | $4.6M |
| 2020 | 56,311 | $5.72B | $101,665 | — | — | $4.4M |
| 2019 | 57,906 | $5.09B | $87,847 | — | — | $3.5M |
| 2018 | 59,646 | $4.47B | $75,005 | — | — | $0 |
| 2017 | 61,117 | $4.94B | $80,811 | — | — | $0 |
| 2016 | 62,375 | $4.51B | $72,249 | — | — | $0 |
| 2015 | 63,705 | $4.34B | $68,140 | $0 | $1,000 | $0 |
| 2014 | 65,355 | $4.53B | $69,315 | — | $6,000 | $0 |
| 2013 | 57,924 | $3.91B | $67,432 | $0 | $2,000 | $0 |
| 2012 | 60,178 | $3.59B | $59,625 | $207M | $3,000 | $0 |
| 2011 | 62,228 | $3.17B | $50,874 | $425M | $1,000 | $0 |
| 2010 | 64,780 | $2.84B | $43,849 | $287M | $2,000 | $0 |
| 2009 | 71,306 | $2.41B | $33,825 | — | $2,000 | $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$5,456,007,030
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$720,487,964
- Benefits paid$274,239,548
- Administrative expenses$9,159,861
- Total expenses$283,399,409
- Net income$437,088,555
- Net transfers$8,351,243
- Net assets, end of year$5,901,446,828
Participants
- Active participants5,967
- Retired or separated, receiving benefits26,610
- Retired or separated, entitled to future benefits10,043
- Total participants, end of year48,782
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fidelity Investments | Recordkeeping and information management; Investment management; Participant loan processing | $2,354,149 | $0 |
| Textron Inc. Admin | Plan Administrator | $961,385 | $0 |
| Willis Towers Watson, LLC | Actuarial | $305,126 | $0 |
| Ernst & Young | Accounting (including auditing) | $177,444 | $0 |
| Proskauer Rose, LLP | Legal | $47,659 | $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$6,275,483
- Recordkeeping fees$2,354,149
- Actuarial fees$305,126
- IQPA audit fees$177,444
- Legal fees$47,659
- Total administrative expenses$9,159,861
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$5.90B · 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 Savings Plan | 35,189 | $6.82B |
| Bell Helicopter Textron Master Retirement Plan | 11,295 | $2.51B |
| 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 |
|---|---|---|---|---|
| Bell Helicopter Textron Master Retirement Plan | Textron Inc. | 11,295 | $2.51B | $222,478 |
| 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 Textron Master Retirement Plan?
48,782 participants at the end of the plan year ending 31 Dec 2025, of whom 5,967 were active employees, with net assets of $5,901,446,828. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 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 $3,845,763 in compensation to service provider organisations, $78.84 per participant or 0.07% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $9,159,861. 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. Admin. 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 076, 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.