401k Plan data: TEXTRON 401(K) plan

TEXTRON 401(K) 401k Plan overview

Plan Name	TEXTRON 401(K)
Plan identification number	001

TEXTRON 401(K) Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TEXTRON INC has sponsored the creation of one or more 401k plans.

Company Name: TEXTRON INC

Employer identification number (EIN): 050315468

NAIC Classification: 339900

Additional information about TEXTRON INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 0660813

More information about TEXTRON INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEXTRON 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2010-01-01 CAMARYN FIORANE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2010-01-01	CAMARYN FIORANE

Plan Statistics for TEXTRON 401(K)

401k plan membership statisitcs for TEXTRON 401(K)

Measure Date Value
2010: TEXTRON 401(K) 2010 401k membership
Total participants, beginning-of-year 2010-01-01 102
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 0
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 0
Number of participants with account balances 2010-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2010: TEXTRON 401(K) 2010 401k membership
Total participants, beginning-of-year	2010-01-01	102
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	0
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	0
Number of participants with account balances	2010-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on TEXTRON 401(K)

Measure	Date	Value
2010 : TEXTRON 401(K) 2010 401k financial data
Transfers to/from the plan	2010-12-15	$-2,695,745
Total income from all sources	2010-12-15	$699,950
Expenses. Total of all expenses incurred	2010-12-15	$397,730
Benefits paid (including direct rollovers)	2010-12-15	$394,804
Total plan assets at end of year	2010-12-15	$0
Total plan assets at beginning of year	2010-12-15	$2,393,525
Value of fidelity bond covering the plan	2010-12-15	$100,000
Total contributions received or receivable from participants	2010-12-15	$369,329
Contributions received from other sources (not participants or employers)	2010-12-15	$4,786
Other income received	2010-12-15	$251,926
Net income (gross income less expenses)	2010-12-15	$302,220
Net plan assets at end of year (total assets less liabilities)	2010-12-15	$0
Net plan assets at beginning of year (total assets less liabilities)	2010-12-15	$2,393,525
Assets. Value of participant loans	2010-12-15	$0
Total contributions received or receivable from employer(s)	2010-12-15	$73,909
Value of corrective distributions	2010-12-15	$2,252
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-15	$674
Transfers to/from the plan	2010-08-31	$-2,695,745
Total income from all sources	2010-08-31	$699,950
Expenses. Total of all expenses incurred	2010-08-31	$397,730
Benefits paid (including direct rollovers)	2010-08-31	$394,804
Total plan assets at end of year	2010-08-31	$0
Total plan assets at beginning of year	2010-08-31	$2,393,525
Value of fidelity bond covering the plan	2010-08-31	$100,000
Total contributions received or receivable from participants	2010-08-31	$369,329
Contributions received from other sources (not participants or employers)	2010-08-31	$4,786
Other income received	2010-08-31	$251,926
Net income (gross income less expenses)	2010-08-31	$302,220
Net plan assets at end of year (total assets less liabilities)	2010-08-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2010-08-31	$2,393,525
Assets. Value of participant loans	2010-08-31	$0
Total contributions received or receivable from employer(s)	2010-08-31	$73,909
Value of corrective distributions	2010-08-31	$2,252
Expenses. Administrative service providers (salaries,fees and commissions)	2010-08-31	$674
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-08-31	$0

Form 5500 Responses for TEXTRON 401(K)

2010: TEXTRON 401(K) 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	This submission is the final filing	Yes
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	TEXTRON INC
Employer identification number (EIN):	050315468
NAIC Classification:	339900

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	0660813