Textron 401(k): Fidelity, match 5% max
Textron Savings Plan · TXT · CIK 217346
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
5%
Textron matches 50% of the first 10% of pay.
From the Form 11-K filed June 22, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Textron puts in, and what the plan costs
What Textron put into the plan, per active participant
$5,890
Textron put $5,890 into this plan for each of its 26,117 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Textron put in more per active participant than 69% of plans with 5,000+ participants in medical devices and other manufacturing. The middle plan in that group of 81 reported $4,432. Medical devices and other manufacturing comes from business code 339900, which Textron entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Textron pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 050315468, plan 030 · DOL EFAST2 ↗
The $5,890 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Textron also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Textron puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“Participants’ pre‑tax, after-tax, and Roth contributions, which are matched 50% on the first 10% of contributions to a maximum of 5% of eligible compensation by Textron, subject to certain ERISA restrictions and plan limits, are recorded when Textron makes payroll deductions from participants’ wages. Company matching contributions are made in the form of Textron Stock, deposited into the Textron Stock Fund and then allocated to participants' individual accounts.”
What you contribute to collect all of it
Contribute at least 10% of your pay to collect the full match.
That is $4,950 a year at a $49,500 salary, and it scales with your own.
Vesting score
50 out of 100
How fast the employer’s money becomes yours. Higher than 3% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 25%, 50%, 75%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Textron’s contributions vest based on the length of service in the Plan, as follows: Months of Service Vested Percentage 24 months but less than 36 months 25% 36 months but less than 48 months 50% 48 months but less than 60 months 75% 60 months or more 100%”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
41st percentile
$46.37 per participant in plan-paid administrative cost, cheaper than 59% of plans with 5,000+ participants.
What is Textron's 401(k) match formula?
Textron's 401(k) employer match tops out at 5% of pay. The match is deposited each payroll. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 50% of the first 10% of pay |
|---|---|
| Maximum employer match | 5% of compensation |
| Deposited | Each payroll |
| Paid in company stock | Yes |
| Conditions | Subject to certain ERISA restrictions and plan limits; catch-up contributions are not eligible for Company matching contributions; certain business and bargaining units have other provisions |
| Other employer contribution | Retirement cash contribution of 2% to 4% of eligible compensation (depending on employee status) for new hires at Textron locations that were formerly defined benefit pension eligible locations; these discretionary contributions are deposited by the end of the first quarter of the following plan year and vest under the Plan's graded schedule ($72,956,527 paid in 2026 for the 2025 plan year) |
At a $75,000 salary, contributing 10% ($7,500) earns the full employer match of $3,750 for the year.
What the filing says, word for word
“Participants’ pre‑tax, after-tax, and Roth contributions, which are matched 50% on the first 10% of contributions to a maximum of 5% of eligible compensation by Textron, subject to certain ERISA restrictions and plan limits, are recorded when Textron makes payroll deductions from participants’ wages. Company matching contributions are made in the form of Textron Stock, deposited into the Textron Stock Fund and then allocated to participants' individual accounts.”
Source: Form 11-K filed June 22, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Textron's 401(k) vesting schedule?
Textron vests the employer match on a graded schedule: 25% after two years, rising to 100% after five. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded: 25% at 2 yr, 50% at 3 yr, 75% at 4 yr, 100% at 5 yr |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Year of service | Vesting is based on months of service: 24 to 36 months 25%, 36 to 48 months 50%, 48 to 60 months 75%, 60 months or more 100% |
| Accelerated vesting | Full vesting upon termination of employment, other than for cause, within two years after a change in control of Textron; 100% vesting upon Plan termination |
| Other employer contributions | Retirement cash contributions vest in accordance with the same graded vesting schedule as matching contributions |
Vesting, word for word
“Textron’s contributions vest based on the length of service in the Plan, as follows: Months of Service Vested Percentage 24 months but less than 36 months 25% 36 months but less than 48 months 50% 48 months but less than 60 months 75% 60 months or more 100%”
Source: Form 11-K filed June 22, 2026, SEC EDGAR · SEC ↗
Who can join Textron's 401(k), and is enrollment automatic?
Textron enrolls new hires automatically at 3% of pay.
| Plan entry | The Plan covers all eligible employees of Textron Inc., as defined in the Plan; certain business and bargaining units have other provisions |
|---|---|
| Automatic enrollment | Yes: default deferral 3% of pay; 60-day opt-out window; default investment: The applicable Vanguard Target Retirement Trust Plus fund based on the participant's age, until they change their election |
Eligibility, word for word
“The Textron Savings Plan (the Plan) covers all eligible employees of Textron Inc. (Textron or the Company), as defined in the Plan. This Plan description includes provisions covering the majority of Plan participants. Participants should refer to the plan document for a more complete description of the Plan’s provisions, copies of which may be obtained from the Company. Certain business and bargaining units have other provisions.”
Automatic enrollment, word for word
“Eligible employees are subject to automatic enrollment on the 60th day after their date of hire, if they have not specifically elected to be excluded from the Plan. The automatic enrollment is for 3% of eligible compensation per pay period. An employee who is automatically enrolled may elect to change or suspend his/her enrollment in the Plan at any time.”
Source: Form 11-K filed June 22, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the Textron plan report on Form 5500?
The Textron plan reported $6.1B in assets and 36,530 participants for plan year 2024.
| Total plan assets | $6,125,315,140 |
|---|---|
| Participants | 36,530 |
| Plan-paid admin cost per participant | $46.37 |
How that cost compares
This plan pays $46.37 per participant. The median across plans in medical devices and other manufacturing is $125.72, from the 1,386 of 1,455 whose Form 5500 yields a per-participant cost.
Textron Savings Plan on its Form 5500 filing: fees, providers and financials
How does Textron's 401(k) match compare?
Textron's maximum 401(k) match of 5% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in medical devices and other manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in medical devices and other manufacturing.
Maximum match 6% of pay. Also in medical devices and other manufacturing.
Maximum match 4.5% of pay. Also in medical devices and other manufacturing.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 3% of pay. Also fully vested after 5 years, like Textron.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 22, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Textron's 401(k) match?
Textron matches 50% of employee contributions up to 10% of eligible pay (plan year ended December 31, 2025).
When does the Textron 401(k) match vest?
Graded: 25% at 2 yr, 50% at 3 yr, 75% at 4 yr, 100% at 5 yr.
Does Textron's 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay; 60-day opt-out window; default investment: The applicable Vanguard Target Retirement Trust Plus fund based on the participant's age, until they change their election.
Who is the recordkeeper for Textron's 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Textron Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Textron filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Textron |
| SEC CIK | 217346 |
| Accession number | 0000217346-26-000032 |
| Plan | Textron Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 22, 2026 |
401(k) Monitor is not affiliated with Textron, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Textron 401(k) plan facts”, from SEC Form 11-K accession 0000217346-26-000032, plan year ended December 31, 2025.
