401(k) · DOL Form 5500 · 2023
Illinois Tool Works Inc. 401(k) Plan
Data updated 2026-08-25
- $4.1B
- Total assets Very large vs avg
- 16,490
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $246,417
- Avg per participant Above avg balance/head
Official DOL plan name: Itw Savings and Investment Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Manufacturing
$4.1B in assets, 16,490 participants
Illinois Tool Works Inc.'s Itw Savings and Investment Plan reported $4.1B in total assets and 16,490 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #18,594 in Manufacturing (18,722 peers)
Coverage in Illinois
Itw Savings and Investment Plan covers 16,490 participants in Illinois, 21x the typical Illinois plan (state average ~779 per filing). Assets: $4.1B.
- #18,594
- in Manufacturing (18,722 peers)
- +10.0%
- assets growth YoY
- 41×
- vs typical plan assets (national mean)
Itw Savings and Investment Plan's outsized position by total assets
Itw Savings and Investment Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$4,063,413,593 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Itw Savings and Investment Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Itw Savings and Investment Plan is a mega filing (16,490 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Itw Savings and Investment Plan reported net income rose from -$604M in the plan year 2022 filing to $369M in the plan year 2023 filing.
- Itw Savings and Investment Plan end-of-year assets rose from $3.7B in the plan year 2022 filing to $4.1B in the plan year 2023 filing.
- Itw Savings and Investment Plan reported participants rose from 16,064 in the plan year 2022 filing to 16,490 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 361258310 · Illinois Tool Works Inc. PY 2023 · 401(k)
Itw Savings and Investment Plan · $4.1B · 16,490 · 100th
- PART $4.1B
- TYPE 16,490
- NET 100th
- BOOK 401(k)
- VS-ST near Centene Management Corporation Retirement Plan
- BOY ind #18594
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 Manufacturing retirement plans → · Plans in Illinois →
Itw Savings and Investment Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $3.7B |
|---|---|
| Net Assets (End of Year) | $4.1B |
| Net Income | $369M |
| Employer EIN | 361258310 |
| Plan Effective Date | 1967-11-16 |
| Filing Status | FILING 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
| 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.
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Scale composition for Itw Savings and Investment Plan
Itw Savings and Investment Plan reports $4.1B in end-of-year assets across 16,490 participants (0.033% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.018% of 93,925,755 covered participants) - about $246,417 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2023 was $369M.
This plan identity (EIN 361258310, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.7B to $4.2B (+13.5%) while covered participants moved from 16,064 to 15,838 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 16,064 | $3.7B | Open filing |
| 2023 | 16,490 | $4.1B | This page |
| 2024 · index core | 15,838 | $4.2B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Itw Savings and Investment Plan (401(k), $4.2B, 15,838 participants)
- Itw Retirement Accumulation Plan (Defined Benefit (Pension), $1.3B, 2,893 participants)
Itw Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Centene Management Corporation Retirement Plan in MO ($4.0B); by covered participants it is Greystar 401(k) Plan in TX (16,519 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.1B here).
- Centene Management Corporation Retirement Plan (MO) $4.0B · 53,822
- Michelin 401(k) Savings Plan (SC) $4.1B · 14,439
- Starbucks Corporation 401(k) Plan (WA) $4.1B · 260,701
- Blackrock Retirement Savings Plan (NY) $4.1B · 9,268
Similar participant headcount
Nearest other-state filings by covered participants (16,490 participants); asset peers above are excluded.
- Greystar 401(k) Plan (TX) 16,519 · 29 off
- Sunbelt Rentals, Inc. Retirement Savings Plan (SC) 16,458 · 32 off
- Pentegra Defined Contribution Plan for Financial Institutions (NY) 16,522 · 32 off
- New York District Council of Carpenters Annuity Fd (NY) 16,560 · 70 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.