401(k) · DOL Form 5500 · 2024
Illinois Tool Works Inc. 401(k) Plan
Data updated 2026-08-25
- $4.2B
- Total assets Very large vs avg
- 15,838
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $264,798
- Avg per participant High balance/head
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.
- #17,648 in Manufacturing (17,777 peers)
Coverage in Illinois
Itw Savings and Investment Plan covers 15,838 participants in Illinois, 20x the typical Illinois plan (state average ~779 per filing). Assets: $4.2B.
- #17,648
- in Manufacturing (17,777 peers)
- +3.2%
- assets growth YoY
- 42×
- 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 2024 · DOL Form 5500
$4,193,864,066 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Itw Savings and Investment Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Itw Savings and Investment Plan is a mega filing (15,838 participants), the rightmost band on the breakdown.
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.
DOL schedule card
Filing strip 361258310 · Illinois Tool Works Inc. PY 2024 · 401(k)
Itw Savings and Investment Plan · $4.2B · 15,838 · 100th
- EIN $4.2B
- RANK 15,838
- PHOTO 100th
- IND 401(k)
- EOY near Ecolab Savings Plan and ESOP
- 5500 ind #17648
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) | $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.)
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 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 (0.034% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 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)
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 Ecolab Savings Plan and ESOP in MN ($4.2B); by covered participants it is Brown Health 401(k) Retirement Savings Plan in RI (15,838 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (15,838 participants); asset peers above are excluded.
- Brown Health 401(k) Retirement Savings Plan (RI) 15,838 · 0 off
- Four Seasons Hotels Retirement Benefit Plan () 15,818 · 20 off
- Medical Solutions 401(k) Plan (NE) 15,775 · 63 off
- Ntess Savings and Income Plan (NM) 15,926 · 88 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.