401(k) · DOL Form 5500 · 2022
Illinois Tool Works Inc. 401(k) Plan
Data updated 2026-08-25
- $3.7B
- Total assets Very large vs avg
- 16,064
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $229,995
- Avg per participant Above avg balance/head
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.
- #20,474 in Manufacturing (20,602 peers)
Coverage in Illinois
Itw Savings and Investment Plan covers 16,064 participants in Illinois, 21x the typical Illinois plan (state average ~779 per filing). Assets: $3.7B.
- #20,474
- in Manufacturing (20,602 peers)
- -6.0%
- assets change YoY
- 37×
- vs typical plan assets (national mean)
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.
Itw Savings and Investment Plan's outsized position by total assets
Itw Savings and Investment Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,694,632,406 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Itw Savings and Investment Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Itw Savings and Investment Plan is a mega filing (16,064 participants), the rightmost band on the breakdown.
Plan-year Form 5500 strip
Filing strip 361258310 · Illinois Tool Works Inc. PY 2022 · 401(k)
Itw Savings and Investment Plan · $3.7B · 16,064 · 100th
- TYPE $3.7B
- NET 16,064
- BOOK 100th
- VS-ST 401(k)
- BOY near Chubb US 401(k) Plan
- SCH ind #20474
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Illinois →
Itw Savings and Investment Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Illinois Tool Works Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $5.5B 9.090523144238006% vs 2022
- 2024 filing year
| 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.
- 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 (0.030% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 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)
Itw Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Chubb US 401(k) Plan in PA ($3.7B); by covered participants it is The Brightview 401(k) Plan in PA (16,091 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.7B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (16,064 participants); asset peers above are excluded.
- The Brightview 401(k) Plan (PA) 16,091 · 27 off
- Ntt Data Americas 401(k) Plan (TX) 16,106 · 42 off
- Harbor Freight Tools Retirement Savings Plan (CA) 16,123 · 59 off
- Cornerstone Building Brands 401(k) Profit Sharing Plan (TX) 16,000 · 64 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.