Defined Benefit (Pension) · DOL Form 5500 · 2023
Illinois Tool Works Inc. Pension Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 3,256
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $389,664
- Avg per participant High balance/head
Official DOL plan name: Itw Retirement Accumulation Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Manufacturing
$1.3B in assets, 3,256 participants
Illinois Tool Works Inc.'s Itw Retirement Accumulation Plan reported $1.3B in total assets and 3,256 participants in its 2023 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.
- #18,349 in Manufacturing (18,722 peers)
Coverage in Illinois
Itw Retirement Accumulation Plan covers 3,256 participants in Illinois, 4.2x the typical Illinois plan (state average ~779 per filing). Assets: $1.3B.
- #18,349
- in Manufacturing (18,722 peers)
- +2.3%
- assets growth YoY
- 13×
- vs typical plan assets (national mean)
Itw Retirement Accumulation Plan's outsized position by total assets
Itw Retirement Accumulation Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,268,744,757 Top 1% higher than 99% 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 Retirement Accumulation Plan's large-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 Retirement Accumulation Plan lands in the large band (3,256 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Itw Retirement Accumulation Plan reported net income rose from -$403M in the plan year 2022 filing to $29M in the plan year 2023 filing.
- Itw Retirement Accumulation Plan reported participants fell from 3,623 in the plan year 2022 filing to 3,256 in the plan year 2023 filing.
- Itw Retirement Accumulation Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 361258310 · Illinois Tool Works Inc. PY 2023 · Defined Benefit (Pension)
Itw Retirement Accumulation Plan · $1.3B · 3,256 · 99th
- TYPE $1.3B
- NET 3,256
- BOOK 99th
- VS-ST Defined Benefit (Pension)
- BOY near Retirement Plan for Hospital Employees
- SCH ind #18349
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 Retirement Accumulation Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.2B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | $29M |
| Employer EIN | 361258310 |
| Plan Effective Date | 1950-01-01 |
| 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 Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Central States, Southeast & Southwest Areas Pension Plan $49.7B · 48,538
- State Farm Insurance Companies Retirement Plan for United States Employees $35.2B · 45,001
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,680
- John Deere Pension Plan for Salaried Employees $8.0B · 16,346
- Abbott Laboratories Annuity Retirement Plan $7.8B · 17,382
Itw Retirement Accumulation 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 Hospital Employees in CA ($1.3B); by covered participants it is Construction Workers Pension Trust Fund - Lake County and Vicinity Pension Plan in IN (3,258 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Retirement Plan for Hospital Employees (CA) $1.3B · 2,734
- Sprint Retirement Pension Plan (KS) $1.3B · 3,592
- Constellation Employee Pension Plan (PA) $1.3B · 3,748
- Ryder System, Inc. Retirement Plan (GA) $1.3B · 2,509
Similar participant headcount
Nearest other-state filings by covered participants (3,256 participants); asset peers above are excluded.
- Construction Workers Pension Trust Fund - Lake County and Vicinity Pension Plan (IN) 3,258 · 2 off
- State Street Retirement Plan (MA) 3,253 · 3 off
- Eastman Retirement Assistance Plan (TN) 3,245 · 11 off
- Service Employees Pension Fund of Upstate Ny Upstate New York (NY) 3,267 · 11 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.