401(k) · DOL Form 5500 · 2024
Illinois Tool Works Inc. 401(k) Plan
Data updated 2026-08-06
- $4.2B
- Total assets
- 15,838
- Participants
- 100th
- Percentile by assets
- $264,798
- Avg per participant
Official DOL plan name: Itw Savings and Investment Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Manufacturing
$4.2B in assets, 15,838 participants
Illinois Tool Works Inc.'s Itw Savings and Investment Plan reported $4.2B in total assets and 15,838 participants in its 2024 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 116,472 plans)
- #16,760 in Manufacturing (16,886 peers)
Coverage in Illinois
Itw Savings and Investment Plan covers 15,838 participants in Illinois, 21x the typical Illinois plan (state average ~768 per filing). Assets: $4.2B.
- $4.2B
- total plan assets (2024 EOY)
- 15,838
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $264,798
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Itw Savings and Investment Plan reported net income fell from $369M in the plan year 2023 filing to $128M in the plan year 2024 filing.
- Itw Savings and Investment Plan reported participants fell from 16,490 in the plan year 2023 filing to 15,838 in the plan year 2024 filing.
- Itw Savings and Investment Plan end-of-year assets rose from $4.1B in the plan year 2023 filing to $4.2B in the plan year 2024 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. Itw Savings and Investment Plan reports 15,838 participants - 21x that state average ($4.2B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $4.1B |
|---|---|
| Net Assets (End of Year) | $4.2B |
| Net Income | $128M |
| 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 and Savings Plan $21.3B · 66,965
- State Farm 401(k) Savings Plan $19.0B · 63,297
- United Airlines Pilot Retirement Account Plan $16.8B · 16,659
- Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
- Walgreens Retirement Savings Plan $14.5B · 233,635
Scale composition for Itw Savings and Investment Plan
Itw Savings and Investment Plan reports $4.2B in end-of-year assets across 15,838 participants (0.036% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.018% of 89,805,449 covered participants) - about $264,798 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2024 was $128M.
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 | Open filing |
| 2024 · index core | 15,838 | $4.2B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- 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.
- Ecolab Savings Plan and ESOP (MN) $4.2B · 19,691
- Deferred Profit-Sharing Plan for Salaried Employees (VA) $4.2B · 4,263
- Relx Inc. US Salary Investment Plan (NY) $4.2B · 14,111
- Keycorp 401(k) Savings Plan (OH) $4.1B · 17,635
Frequently Asked Questions
How did Itw Savings and Investment Plan assets move in 2024? ▼
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