401(k) · DOL Form 5500 · 2022
Illinois Tool Works Inc. 401(k) Plan
Data updated 2026-08-06
- $3.7B
- Total assets
- 16,064
- Participants
- 100th
- Percentile by assets
- $229,995
- Avg per participant
Official DOL plan name: Itw Savings and Investment Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Manufacturing
$3.7B in assets, 16,064 participants
Illinois Tool Works Inc.'s Itw Savings and Investment Plan reported $3.7B in total assets and 16,064 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,258 plans)
- #20,501 in Manufacturing (20,629 peers)
Coverage in Illinois
Itw Savings and Investment Plan covers 16,064 participants in Illinois, 21x the typical Illinois plan (state average ~768 per filing). Assets: $3.7B.
- $3.7B
- total plan assets (2022 EOY)
- 16,064
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $229,995
- avg assets per participant
The plan reported a net loss of $604M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. Itw Savings and Investment Plan reports 16,064 participants - 21x that state average ($3.7B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $3.9B |
|---|---|
| Net Assets (End of Year) | $3.7B |
| Net Income | -$604M |
| Employer EIN | 361258310 |
| Plan Effective Date | 1967-11-16 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Illinois Tool Works Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 20,148 | $5.0B |
| 2023 | 5 | 20,227 | $5.4B |
| 2024 | 5 | 19,189 | $5.5B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Itw Savings and Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- State Farm 401(k) Savings Plan $14.7B · 53,616
- Accenture United States 401(k) Match and Savings Plan $14.3B · 66,653
- Abbott Laboratories Stock Retirement Plan $13.3B · 36,136
- United Airlines Pilot Retirement Account Plan $11.8B · 13,437
- Walgreens Retirement Savings Plan $11.7B · 238,072
Scale composition for Itw Savings and Investment Plan
Itw Savings and Investment Plan reports $3.7B in end-of-year assets across 16,064 participants (0.032% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.018% of 89,805,449 covered participants) - about $229,995 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2022 was -$604M.
This plan identity (EIN 361258310, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.7B to $4.2B (+13.5%) while covered participants moved from 16,064 to 15,838 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 16,064 | $3.7B | This page |
| 2023 | 16,490 | $4.1B | Open filing |
| 2024 · index core | 15,838 | $4.2B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Itw Savings and Investment Plan (401(k), $4.2B, 15,838 participants)
- Itw Retirement Accumulation Plan (Defined Benefit (Pension), $1.3B, 2,893 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Itw Savings and Investment Plan by total assets, not by location.
- Chubb US 401(k) Plan (PA) $3.7B · 14,977
- Laboratory Corporation of America Holdings 401(k) Savings Plan (NC) $3.7B · 46,162
- Quiktrip Corporation Retirement Plan (OK) $3.7B · 10,862
- Deferred Profit-Sharing Plan for Salaried Employees (VA) $3.7B · 3,911
Frequently Asked Questions
How did Itw Savings and Investment Plan assets move in 2022? ▼
How have Illinois Tool Works Inc. plan assets changed over time? ▼
Where does Itw Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Itw Savings and Investment Plan? ▼
Next read for Itw Savings and Investment Plan
Filing takeaways
Ways to act on Itw Savings and Investment Plan's numbers.
- By total assets, Itw Savings and Investment Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Illinois Tool Works Inc.'s sponsor-wide assets have grown 9.1% since 2022 across 3 plan years on file. More Manufacturing plans