Defined Benefit (Pension) · DOL Form 5500 · 2022

Illinois Tool Works Inc. Pension Plan

Data updated 2026-08-25

$95M
Total assets Below avg plan size
131
Participants Small participant base
92nd
Percentile by assets National rank
$723,011
Avg per participant High balance/head
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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.

  • #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.

#932
in Management of Enterprises (1,193 peers)
-22.1%
assets change YoY
1.0×
vs typical plan assets (national mean)

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.

Itw Bargaining Retirement Plan's outsized position 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

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 Retirement 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 Retirement Plan sits mid-pack in the medium band (131 participants).

Form 5500 schedule snapshot

Filing strip 361258310 · Illinois Tool Works Inc. PY 2022 · Defined Benefit (Pension)

Itw Bargaining Retirement Plan · $95M · 131 · 92nd

  • EIN $95M
  • EIN 131
  • EIN 92nd
  • EIN Defined Benefit (Pension)
  • EIN near Pension Plan of Holman Enterprises
  • EIN ind #932

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 Retirement Plan in the asset neighbourhood

Precoat Pension Plan$95MItw Bargaining Retirement PlanItw Bargaining Retirement Pl…$95MPension Plan of Holman EnterprisesPension Plan of Holman Enter…$95MChemtrade Chemicals Corporation Consolidated Pension PlanChemtrade Chemicals Corporat…$95MKansas City Cement Masons Pension FundKansas City Cement Masons Pe…$95M
End-of-year total assets ($M) among Itw Bargaining Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$122M
Net Assets (End of Year)$95M
Net Income-$27M
Employer EIN361258310
Plan Effective Date1987-01-01
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 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 Scatter plot of 6 data points. -200000200004000060000 -1001020304050 Total assets ($B) Participants Itw Bargaining Retirement Plan, Total assets ($B): 0.094714445 · Participants: 131Itw Bargaining Retirement PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 42.629770802 · Participants: 50096Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 32.129102809 · Participants: 49052State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.958716532 · Participants: 20170United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.304502684 · Participants: 0John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 6.770339506 · Participants: 16809Abbott Laboratories Annuity Retirement Plan
Itw Bargaining Retirement Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Itw Bargaining Retirement Plan side-by-side with 3 peers →

Itw Bargaining Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Pension Plan of Holman Enterprises in NJ ($95M); by covered participants it is Kennedy Valve Factory Employees Pension Plan in AL (131 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($95M here).

Similar participant headcount

Nearest other-state filings by covered participants (131 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 Retirement Plan assets move in 2022? ▼
Itw Bargaining Retirement Plan declined sharply - down 22.1% during 2022, from $122M to $95M. Reported net income was -$27M.
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 Retirement Plan rank by assets among Form 5500 filers? ▼
Itw Bargaining Retirement Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Itw Bargaining Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan of Holman Enterprises in NJ ($95M, 1,782 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Itw Bargaining Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Kennedy Valve Factory Employees Pension Plan in AL (131 participants, $25M 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.