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ABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 300

ABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type
Plan Features/Benefits

    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 ABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN

    Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
    3002016-01-01JON LABATE JON LABATE2017-07-13
    3002016-01-01 GREGG LEACH2017-06-13

    Plan Statistics for ABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN

    401k plan membership statisitcs for ABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN

    Measure Date Value
    2016
    Total participants, beginning-of-year2016-01-01549
    Total number of active participants reported on line 7a of the Form 55002016-01-010
    Number of retired or separated participants receiving benefits2016-01-010
    Number of other retired or separated participants entitled to future benefits2016-01-010
    Total of all active and inactive participants2016-01-010
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
    Total participants2016-01-010
    Number of participants with account balances2016-01-010
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

    Financial Data on ABLE ENGINEERING & COMPONENT SERVICES, INC. 401(K) PROFIT SHARING PLAN

    Measure Date Value
    2016
    Total unrealized appreciation/depreciation of assets2016-09-01$0
    Total transfer of assets from this plan2016-09-01$11,119,891
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-09-01$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-09-01$0
    Total income from all sources (including contributions)2016-09-01$2,159,535
    Total loss/gain on sale of assets2016-09-01$0
    Total of all expenses incurred2016-09-01$682,398
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-09-01$617,441
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-09-01$1,403,868
    Value of total assets at end of year2016-09-01$0
    Value of total assets at beginning of year2016-09-01$9,642,754
    Total of administrative expenses incurred including professional, contract, advisory and management fees2016-09-01$64,957
    Total interest from all sources2016-09-01$12,042
    Total dividends received (eg from common stock, registered investment company shares)2016-09-01$15,846
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-09-01Yes
    Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-09-01$0
    Total dividends received from registered investment company shares (eg mutual funds)2016-09-01$15,846
    Was this plan covered by a fidelity bond2016-09-01Yes
    Value of fidelity bond cover2016-09-01$500,000
    If this is an individual account plan, was there a blackout period2016-09-01No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-09-01$0
    Were there any nonexempt tranactions with any party-in-interest2016-09-01No
    Contributions received from participants2016-09-01$816,636
    Participant contributions at end of year2016-09-01$0
    Participant contributions at beginning of year2016-09-01$436,241
    Income. Received or receivable in cash from other sources (including rollovers)2016-09-01$69,811
    Other income not declared elsewhere2016-09-01$301
    Administrative expenses (other) incurred2016-09-01$64,957
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-09-01No
    Value of net income/loss2016-09-01$1,477,137
    Value of net assets at end of year (total assets less liabilities)2016-09-01$0
    Value of net assets at beginning of year (total assets less liabilities)2016-09-01$9,642,754
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-09-01No
    Were any loans by the plan or fixed income obligations due to the plan in default2016-09-01No
    Were any leases to which the plan was party in default or uncollectible2016-09-01No
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-09-01$9,135,022
    Interest on participant loans2016-09-01$12,042
    Value of interest in common/collective trusts at end of year2016-09-01$0
    Value of interest in common/collective trusts at beginning of year2016-09-01$71,491
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-09-01$726,208
    Net investment gain or loss from common/collective trusts2016-09-01$1,270
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-09-01No
    Was there a failure to transmit to the plan any participant contributions2016-09-01No
    Has the plan failed to provide any benefit when due under the plan2016-09-01No
    Contributions received in cash from employer2016-09-01$517,421
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-09-01$617,441
    Did the plan have assets held for investment2016-09-01No
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-09-01No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-09-01Yes
    Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-09-01Yes
    Opinion of an independent qualified public accountant for this plan2016-09-01Disclaimer
    Accountancy firm name2016-09-01ERNST & YOUNG
    Accountancy firm EIN2016-09-01346565596
    Total unrealized appreciation/depreciation of assets2016-08-31$0
    Total transfer of assets from this plan2016-08-31$11,119,891
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-08-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-08-31$0
    Total income from all sources (including contributions)2016-08-31$2,159,535
    Total loss/gain on sale of assets2016-08-31$0
    Total of all expenses incurred2016-08-31$682,398
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-08-31$617,441
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-08-31$1,403,868
    Value of total assets at end of year2016-08-31$0
    Value of total assets at beginning of year2016-08-31$9,642,754
    Total of administrative expenses incurred including professional, contract, advisory and management fees2016-08-31$64,957
    Total interest from all sources2016-08-31$12,042
    Total dividends received (eg from common stock, registered investment company shares)2016-08-31$15,846
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-08-31Yes
    Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-08-31$0
    Total dividends received from registered investment company shares (eg mutual funds)2016-08-31$15,846
    Was this plan covered by a fidelity bond2016-08-31Yes
    Value of fidelity bond cover2016-08-31$500,000
    If this is an individual account plan, was there a blackout period2016-08-31No
    Were there any nonexempt tranactions with any party-in-interest2016-08-31No
    Contributions received from participants2016-08-31$816,636
    Participant contributions at end of year2016-08-31$0
    Participant contributions at beginning of year2016-08-31$436,241
    Income. Received or receivable in cash from other sources (including rollovers)2016-08-31$69,811
    Other income not declared elsewhere2016-08-31$301
    Administrative expenses (other) incurred2016-08-31$64,957
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-08-31No
    Value of net income/loss2016-08-31$1,477,137
    Value of net assets at end of year (total assets less liabilities)2016-08-31$0
    Value of net assets at beginning of year (total assets less liabilities)2016-08-31$9,642,754
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-08-31No
    Were any loans by the plan or fixed income obligations due to the plan in default2016-08-31No
    Were any leases to which the plan was party in default or uncollectible2016-08-31No
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-08-31$9,135,022
    Interest on participant loans2016-08-31$12,042
    Value of interest in common/collective trusts at end of year2016-08-31$0
    Value of interest in common/collective trusts at beginning of year2016-08-31$71,491
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-08-31$726,208
    Net investment gain or loss from common/collective trusts2016-08-31$1,270
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-08-31No
    Was there a failure to transmit to the plan any participant contributions2016-08-31No
    Has the plan failed to provide any benefit when due under the plan2016-08-31No
    Contributions received in cash from employer2016-08-31$517,421
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-08-31$617,441
    Did the plan have assets held for investment2016-08-31No
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-08-31No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-08-31Yes
    Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-08-31Yes
    Opinion of an independent qualified public accountant for this plan2016-08-31Disclaimer
    Accountancy firm name2016-08-31ERNST & YOUNG
    Accountancy firm EIN2016-08-31346565596

    Form 5500 Responses

    2016
    2016-01-01Type of plan entitySingle employer plan
    2016-01-01Submission has been amendedYes
    2016-01-01This submission is the final filingYes
    2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
    2016-01-01Plan is a collectively bargained planNo
    2016-01-01Plan funding arrangement – TrustYes
    2016-01-01Plan benefit arrangement - TrustYes

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