Defined Benefit (Pension) · DOL Form 5500 · 2022
Illinois Tool Works Inc. Pension Plan
Data updated 2026-08-11
- $95M
- Total assets
- 131
- Participants
- 92nd
- Percentile by assets
- $723,011
- Avg per participant
Official DOL plan name: Itw Bargaining Retirement Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Management of Enterprises
$95M in assets, 131 participants
Illinois Tool Works Inc.'s Itw Bargaining Retirement Plan reported $95M in total assets and 131 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 139,126 plans)
- #932 in Management of Enterprises (1,193 peers)
Coverage in Illinois
Itw Bargaining Retirement Plan covers 131 participants in Illinois, about 17% of the average Illinois filer (state average ~779 per filing). Assets: $95M.
- $95M
- total plan assets (2022 EOY)
- 131
- covered participants
- 92nd
- percentile by assets (of 139,126 plans)
- $723,011
- avg assets per participant
The plan reported a net loss of $27M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Itw Bargaining Retirement Plan sits by total assets
Itw Bargaining Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$94,714,445 Top 8% higher than 92% 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
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Itw Bargaining Retirement Plan reports 131 participants - about 17% of that state average ($95M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $122M |
|---|---|
| Net Assets (End of Year) | $95M |
| Net Income | -$27M |
| Employer EIN | 361258310 |
| Plan Effective Date | 1987-01-01 |
| 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 Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Itw Bargaining Retirement Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $42.6B · 50,096
- State Farm Insurance Companies Retirement Plan for United States Employees $32.1B · 49,052
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,170
- John Deere Pension Plan for Salaried Employees $7.3B · N/A
- Abbott Laboratories Annuity Retirement Plan $6.8B · 16,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Itw Bargaining Retirement Plan by total assets, not by location.
- Pension Plan of Holman Enterprises (NJ) $95M · 1,782
- Chemtrade Chemicals Corporation Consolidated Pension Plan (NJ) $95M · 47
- Kansas City Cement Masons Pension Fund (MO) $95M · 483
- Precoat Pension Plan (TX) $95M · 180
Frequently Asked Questions
How did Itw Bargaining Retirement Plan assets move in 2022? ▼
How have Illinois Tool Works Inc. plan assets changed over time? ▼
Where does Itw Bargaining Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Itw Bargaining Retirement Plan? ▼
Next read for Itw Bargaining Retirement Plan
Filing takeaways
Ways to act on Itw Bargaining Retirement Plan's numbers.
- By total assets, Itw Bargaining Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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 Management of Enterprises plans