401(k) · DOL Form 5500 · 2023

Illinois Tool Works Inc. 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
368
Participants Below avg headcount
72nd
Percentile by assets National rank
$51,259
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Itw Bargaining Savings and Investment Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Management of Enterprises

$19M in assets, 368 participants

Illinois Tool Works Inc.'s Itw Bargaining Savings and Investment Plan reported $19M in total assets and 368 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #588 in Management of Enterprises (1,137 peers)

Coverage in Illinois

Itw Bargaining Savings and Investment Plan covers 368 participants in Illinois, about 47% of the average Illinois filer (state average ~779 per filing). Assets: $19M.

#588
in Management of Enterprises (1,137 peers)
+9.4%
assets growth YoY

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 2023 · DOL Form 5500

$18,863,170 Top 28% higher than 72% of 127,068 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 2023

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

Plan-year 2023 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 (368 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Itw Bargaining Savings and Investment Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Itw Bargaining Savings and Investment Plan reported participants rose from 330 in the plan year 2022 filing to 368 in the plan year 2023 filing.
  • Itw Bargaining Savings and Investment Plan end-of-year assets rose from $17M in the plan year 2022 filing to $19M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 361258310 · Illinois Tool Works Inc. PY 2023 · 401(k)

Itw Bargaining Savings and Investment Plan · $19M · 368 · 72nd

  • SCH $19M
  • SCH 368
  • SCH 72nd
  • SCH 401(k)
  • SCH near Nearu 401(k) Plan
  • SCH ind #588

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…$19MNearu 401(k) Plan$19MTrue North Equipment Co. 401(k) Profit Sharing PlanTrue North Equipment Co. 401…$19MTrade Center Management Associates 401(k) PlanTrade Center Management Asso…$19MWoodhaven Lumber & Millwork, Inc. 401(k) Profit Sharing PlanWoodhaven Lumber & Millwork,…$19M
End-of-year total assets ($M) among Itw Bargaining Savings and Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$19M
Net Income$2M
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): 0.01886317 · Participants: 368Itw Bargaining Savings and Investment PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens 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 Nearu 401(k) Plan in NC ($19M); by covered participants it is Mcguire Management Group 401(k) Plan in FL (368 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (368 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Itw Bargaining Savings and Investment Plan grew at a solid clip - up 9.4% during 2023, from $17M to $19M. Reported net income was $2M.
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.
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 Nearu 401(k) Plan in NC ($19M, 2,535 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 Mcguire Management Group 401(k) Plan in FL (368 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.