Defined Benefit (Pension) · DOL Form 5500 · 2022
Illinois Tool Works Inc. Pension Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 3,623
- Participants
- 99th
- Percentile by assets
- $342,277
- Avg per participant
Official DOL plan name: Itw Retirement Accumulation Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Manufacturing
$1.2B in assets, 3,623 participants
Illinois Tool Works Inc.'s Itw Retirement Accumulation Plan reported $1.2B in total assets and 3,623 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #20,263 in Manufacturing (20,602 peers)
Coverage in Illinois
Itw Retirement Accumulation Plan covers 3,623 participants in Illinois, 4.6x the typical Illinois plan (state average ~779 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2022 EOY)
- 3,623
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $342,277
- avg assets per participant
The plan reported a net loss of $403M 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 779 participants across 5,745 plans. Itw Retirement Accumulation Plan reports 3,623 participants - 4.6x that state average ($1.2B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | -$403M |
| Employer EIN | 361258310 |
| Plan Effective Date | 1950-01-01 |
| 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 Retirement Accumulation 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 Retirement Accumulation Plan by total assets, not by location.
- Nyu Langone Hospitals Retirement Plan (NY) $1.2B · 3,227
- Kinder Morgan Retirement Plan a (TX) $1.2B · 3,720
- Kellogg Company Pension Plan (MI) $1.2B · 3,604
- Constellation Employee Pension Plan (PA) $1.2B · 1,041
Frequently Asked Questions
How did Itw Retirement Accumulation Plan assets move in 2022? ▼
How have Illinois Tool Works Inc. plan assets changed over time? ▼
Where does Itw Retirement Accumulation Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Itw Retirement Accumulation Plan? ▼
Next read for Itw Retirement Accumulation Plan
Filing takeaways
Ways to act on Itw Retirement Accumulation Plan's numbers.
- By total assets, Itw Retirement Accumulation Plan ranks among the largest 1% of all filed plans. 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 Manufacturing plans