401(k) · DOL Form 5500 · 2022

Illinois Tool Works Inc. 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
330
Participants Below avg headcount
75th
Percentile by assets National rank
$52,228
Avg per participant Low balance/head
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Official DOL plan name: Itw Bargaining Savings and Investment Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Management of Enterprises

$17M in assets, 330 participants

Illinois Tool Works Inc.'s Itw Bargaining Savings and Investment Plan reported $17M in total assets and 330 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #660 in Management of Enterprises (1,193 peers)

Coverage in Illinois

Itw Bargaining Savings and Investment Plan covers 330 participants in Illinois, about 42% of the average Illinois filer (state average ~779 per filing). Assets: $17M.

#660
in Management of Enterprises (1,193 peers)
-14.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Itw Bargaining Savings and Investment Plan's outsized position by total assets

Itw Bargaining Savings and Investment Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$17,235,207 Top 25% higher than 75% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Itw Bargaining Savings and Investment Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Itw Bargaining Savings and Investment Plan sits mid-pack in the medium band (330 participants).

EBSA filing schedule strip

Filing strip 361258310 · Illinois Tool Works Inc. PY 2022 · 401(k)

Itw Bargaining Savings and Investment Plan · $17M · 330 · 75th

  • RANK $17M
  • PHOTO 330
  • IND 75th
  • EOY 401(k)
  • 5500 near Solid Business Solutions 401(k) Plan
  • ASSETS ind #660

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 Management of Enterprises retirement plans → · Plans in Illinois →

Itw Bargaining Savings and Investment Plan in the asset neighbourhood

Itw Bargaining Savings and Investment PlanItw Bargaining Savings and I…$17MSolid Business Solutions 401(k) PlanSolid Business Solutions 401…$17MSouth O C Surgical Medical Group, Inc. 401(k) Profit Sharing PlanSouth O C Surgical Medical G…$17MAmerican Bank of Commerce 401(k) Profit Sharing PlanAmerican Bank of Commerce 40…$17MSouth Louisiana Bank, Inc. Employee Savings PlanSouth Louisiana Bank, Inc. E…$17M
End-of-year total assets ($M) among Itw Bargaining Savings and Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$17M
Net Income-$3M
Employer EIN361258310
Plan Effective Date1991-01-01
Filing StatusFILING 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
$5B$5.2B$5.4B$5.6B 202220232024 $5.05B $5.51B ▲ +9.1%
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 Bargaining Savings and Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Itw Bargaining Savings and Investment Plan, Total assets ($B): 0.017235207 · Participants: 330Itw Bargaining Savings and Investment PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Itw Bargaining Savings and Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Itw Bargaining Savings and Investment Plan side-by-side with 3 peers →

Itw Bargaining Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Solid Business Solutions 401(k) Plan in TX ($17M); by covered participants it is Third Coast Bank, Ssb 401(k) and Employee Stock Ownership Plan in TX (330 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (330 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Itw Bargaining Savings and Investment Plan assets move in 2022? ▼
Itw Bargaining Savings and Investment Plan pulled back noticeably - down 14.1% during 2022, from $20M to $17M. Reported net income was -$3M.
How have Illinois Tool Works Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Illinois Tool Works Inc.'s sponsor-wide assets grew 9.1%, from $5.0B to $5.5B.
Where does Itw Bargaining Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Itw Bargaining Savings and Investment Plan ranks in the 75th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Itw Bargaining Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Solid Business Solutions 401(k) Plan in TX ($17M, 697 participants).
Which 401(k) plans cover a similar participant headcount to Itw Bargaining Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Third Coast Bank, Ssb 401(k) and Employee Stock Ownership Plan in TX (330 participants, $16M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 361258310.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.