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UIC 401(K) RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameUIC 401(K) RETIREMENT SAVINGS PLAN
Plan identification number 002

UIC 401(K) RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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 UIC 401(K) RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022009-01-01DOUGLAS STEWART

Plan Statistics for UIC 401(K) RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for UIC 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2009
Total participants, beginning-of-year2009-01-012,978
Total number of active participants reported on line 7a of the Form 55002009-01-012,079
Number of retired or separated participants receiving benefits2009-01-0144
Number of other retired or separated participants entitled to future benefits2009-01-01656
Total of all active and inactive participants2009-01-012,779
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0117
Total participants2009-01-012,796
Number of participants with account balances2009-01-012,664
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0170

Financial Data on UIC 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2010
Total transfer of assets from this plan2010-04-06$157,830,546
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-04-06$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-04-06$0
Total income from all sources (including contributions)2010-04-06$7,802,167
Total loss/gain on sale of assets2010-04-06$88,355
Total of all expenses incurred2010-04-06$9,569,529
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-04-06$9,564,232
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-04-06$1,973
Value of total assets at end of year2010-04-06$0
Value of total assets at beginning of year2010-04-06$159,597,908
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-04-06$5,297
Total interest from all sources2010-04-06$50,143
Total dividends received (eg from common stock, registered investment company shares)2010-04-06$133,003
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-04-06No
Total dividends received from registered investment company shares (eg mutual funds)2010-04-06$130,693
Was this plan covered by a fidelity bond2010-04-06Yes
Value of fidelity bond cover2010-04-06$10,000,000
If this is an individual account plan, was there a blackout period2010-04-06No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-04-06$0
Were there any nonexempt tranactions with any party-in-interest2010-04-06No
Participant contributions at end of year2010-04-06$0
Participant contributions at beginning of year2010-04-06$2,713,896
Income. Received or receivable in cash from other sources (including rollovers)2010-04-06$1,139
Administrative expenses (other) incurred2010-04-06$5,297
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-04-06No
Value of net income/loss2010-04-06$-1,767,362
Value of net assets at end of year (total assets less liabilities)2010-04-06$0
Value of net assets at beginning of year (total assets less liabilities)2010-04-06$159,597,908
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-04-06No
Were any loans by the plan or fixed income obligations due to the plan in default2010-04-06No
Were any leases to which the plan was party in default or uncollectible2010-04-06No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-04-06$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-04-06$118,781,827
Interest on participant loans2010-04-06$49,842
Value of interest in common/collective trusts at end of year2010-04-06$0
Value of interest in common/collective trusts at beginning of year2010-04-06$25,172,968
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-04-06$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-04-06$12,108,580
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-04-06$12,108,580
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-04-06$301
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-04-06$7,121,069
Net investment gain or loss from common/collective trusts2010-04-06$407,624
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-04-06No
Was there a failure to transmit to the plan any participant contributions2010-04-06No
Has the plan failed to provide any benefit when due under the plan2010-04-06No
Contributions received in cash from employer2010-04-06$834
Income. Dividends from common stock2010-04-06$2,310
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-04-06$9,564,232
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-04-06No
Assets. Corporate common stocks other than exployer securities at end of year2010-04-06$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-04-06$820,637
Did the plan have assets held for investment2010-04-06Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-04-06No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-04-06Yes
Aggregate proceeds on sale of assets2010-04-06$2,442,062
Aggregate carrying amount (costs) on sale of assets2010-04-06$2,353,707
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-04-06Yes
Opinion of an independent qualified public accountant for this plan2010-04-06Disclaimer
Accountancy firm name2010-04-06ERNST & YOUNG
Accountancy firm EIN2010-04-06346565596
2009
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses

2009
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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