Defined Benefit (Pension) · DOL Form 5500 · 2024
Illinois Tool Works Inc. Pension Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 2,893
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $446,526
- 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, 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.
- #17,402 in Manufacturing (17,777 peers)
Coverage in Illinois
Itw Retirement Accumulation Plan covers 2,893 participants in Illinois, 3.7x the typical Illinois plan (state average ~779 per filing). Assets: $1.3B.
- #17,402
- in Manufacturing (17,777 peers)
- +1.8%
- assets growth YoY
- 13×
- vs typical plan assets (national mean)
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.
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 2024 · DOL Form 5500
$1,291,799,357 Top 1% higher than 99% 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 Retirement Accumulation Plan's large-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 Retirement Accumulation Plan lands in the large band (2,893 participants).
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.
Published 5500 schedule card
Filing strip 361258310 · Illinois Tool Works Inc. PY 2024 · Defined Benefit (Pension)
Itw Retirement Accumulation Plan · $1.3B · 2,893 · 99th
- EOY $1.3B
- 5500 2,893
- ASSETS 99th
- PCT Defined Benefit (Pension)
- EIN near Umass Memorial Health Care Pension Plan
- RANK ind #17402
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) | $1.3B |
|---|---|
| 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.)
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 $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
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
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 Umass Memorial Health Care Pension Plan in MA ($1.3B); by covered participants it is Ball Corporation Consolidated Hourly Pension Plan in CO (2,888 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Umass Memorial Health Care Pension Plan (MA) $1.3B · 9,506
- 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
Similar participant headcount
Nearest other-state filings by covered participants (2,893 participants); asset peers above are excluded.
- Ball Corporation Consolidated Hourly Pension Plan (CO) 2,888 · 5 off
- Unum Group Pension Plan (ME) 2,887 · 6 off
- Cement Masons Pension Trust Fund for Northern California (CA) 2,904 · 11 off
- Retirement Plan for the Hourly Employees of Msd (NJ) 2,880 · 13 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.