Defined Benefit (Pension) · DOL Form 5500 · 2024
Illinois Tool Works Inc. Pension Plan
Data updated 2026-08-06
- $1.3B
- Total assets
- 2,893
- Participants
- 99th
- Percentile by assets
- $446,526
- Avg per participant
Official DOL plan name: Itw Retirement Accumulation Plan · Sponsored by Illinois Tool Works Inc. · Illinois · Manufacturing
$1.3B in assets, 2,893 participants
Illinois Tool Works Inc.'s Itw Retirement Accumulation Plan reported $1.3B in total assets and 2,893 participants in its 2024 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.
- 99th percentile by assets (of 116,472 plans)
- #16,521 in Manufacturing (16,886 peers)
Coverage in Illinois
Itw Retirement Accumulation Plan covers 2,893 participants in Illinois, 3.8x the typical Illinois plan (state average ~768 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2024 EOY)
- 2,893
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $446,526
- avg assets per participant
The plan reported a net loss of $72M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Itw Retirement Accumulation Plan reported net income fell from $29M in the plan year 2023 filing to -$72M in the plan year 2024 filing.
- Itw Retirement Accumulation Plan reported participants fell from 3,256 in the plan year 2023 filing to 2,893 in the plan year 2024 filing.
- Itw Retirement Accumulation Plan end-of-year assets rose from $1.3B in the plan year 2023 filing to $1.3B in the plan year 2024 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. Itw Retirement Accumulation Plan reports 2,893 participants - 3.8x that state average ($1.3B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$72M |
| Employer EIN | 361258310 |
| Plan Effective Date | 1950-01-01 |
| 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 Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Itw Retirement Accumulation Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- Exelon Corporation Retirement Program $6.1B · 8,898
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Itw Retirement Accumulation Plan by total assets, not by location.
- Rocky Mountain Ufcw Unions and Employers Retail and Meat Pension Plan (CO) $1.3B · 38,340
- Eighth District Electrical Pension Fund (NV) $1.3B · 10,468
- Colgate-Palmolive Company Employees' Retirement Income Plan (NY) $1.3B · 1,330
- Wec Energy Group Retirement Account Plan (WI) $1.3B · 2,252
Frequently Asked Questions
How did Itw Retirement Accumulation Plan assets move in 2024? ▼
How have Illinois Tool Works Inc. plan assets changed over time? ▼
Where does Itw Retirement Accumulation Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Itw Retirement Accumulation Plan? ▼
Next read for Itw Retirement Accumulation Plan
Filing takeaways
Ways to act on Itw Retirement Accumulation Plan's numbers.
- By total assets, Itw Retirement Accumulation Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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