Defined Benefit (Pension) · DOL Form 5500 · 2023

Illinois Tool Works Inc. Pension Plan

Data updated 2026-08-25

$98M
Total assets Below avg plan size
113
Participants Small participant base
91st
Percentile by assets National rank
$866,879
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

$98M in assets, 113 participants

Illinois Tool Works Inc.'s Itw Bargaining Retirement Plan reported $98M in total assets and 113 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

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

Coverage in Illinois

Itw Bargaining Retirement Plan covers 113 participants in Illinois, about 14% of the average Illinois filer (state average ~779 per filing). Assets: $98M.

#865
in Management of Enterprises (1,137 peers)
+3.4%
assets growth YoY
1.0×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$97,957,340 Top 9% higher than 91% 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 Retirement 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 Retirement Plan sits mid-pack in the medium band (113 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Itw Bargaining Retirement Plan reported net income rose from -$27M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Itw Bargaining Retirement Plan reported participants fell from 131 in the plan year 2022 filing to 113 in the plan year 2023 filing.
  • Itw Bargaining Retirement Plan end-of-year assets rose from $95M in the plan year 2022 filing to $98M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 361258310 · Illinois Tool Works Inc. PY 2023 · Defined Benefit (Pension)

Itw Bargaining Retirement Plan · $98M · 113 · 91st

  • 5500 $98M
  • 5500 113
  • 5500 91st
  • 5500 Defined Benefit (Pension)
  • 5500 near Retirement Plan for Koppers Inc.
  • 5500 ind #865

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

Retirement Plan for Koppers Inc.Retirement Plan for Koppers …$98MItw Bargaining Retirement PlanItw Bargaining Retirement Pl…$98MMdu Resources Group, Inc. Pension Plan for Non-Bargaining Unit EmployeesMdu Resources Group, Inc. Pe…$98MSound Variable Annuity Pension TrustSound Variable Annuity Pensi…$98MThe Retirement Income Plan for Employees of the Rockefeller FoundationThe Retirement Income Plan f…$98M
End-of-year total assets ($M) among Itw Bargaining Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$95M
Net Assets (End of Year)$98M
Net Income$3M
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 -200204060 Total assets ($B) Participants Itw Bargaining Retirement Plan, Total assets ($B): 0.09795734 · Participants: 113Itw Bargaining Retirement PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott 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 Retirement Plan for Koppers Inc. in PA ($98M); by covered participants it is Heritage Family Federal Credit Union Defined Benefit Plan and Trust in VT (113 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (113 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 Retirement Plan assets move in 2023? ▼
Itw Bargaining Retirement Plan edged up modestly - up 3.4% during 2023, from $95M to $98M. Reported net income was $3M.
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 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Retirement Plan for Koppers Inc. in PA ($98M, 246 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 Heritage Family Federal Credit Union Defined Benefit Plan and Trust in VT (113 participants, $22M 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.