401(k) · DOL Form 5500 · 2023
Illinois Tool Works Inc. 401(k) Plan
Data updated 2026-08-06
- $4.1B
- Total assets
- 16,490
- Participants
- 100th
- Percentile by assets
- $246,417
- Avg per participant
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.
- 100th percentile by assets (of 126,618 plans)
- #18,544 in Manufacturing (18,672 peers)
Coverage in Illinois
Itw Savings and Investment Plan covers 16,490 participants in Illinois, 21x the typical Illinois plan (state average ~768 per filing). Assets: $4.1B.
- $4.1B
- total plan assets (2023 EOY)
- 16,490
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $246,417
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. Itw Savings and Investment Plan reports 16,490 participants - 21x that state average ($4.1B EOY assets).
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.)
| 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 Savings and Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- 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 (0.035% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.018% of 89,805,449 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Itw Savings and Investment Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Itw Savings and Investment Plan assets move in 2023? ▼
How have Illinois Tool Works Inc. plan assets changed over time? ▼
Where does Itw Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Itw Savings and Investment Plan? ▼
Next read for Itw Savings and Investment Plan
Filing takeaways
Ways to act on Itw Savings and Investment Plan's numbers.
- By total assets, Itw Savings and Investment Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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