401(k) · DOL Form 5500 · 2024

Ingersoll Cutting Tool Company, Inc. 401(k) Plan

Data updated 2026-08-25

$113M
Total assets Near avg plan size
421
Participants Below avg headcount
91st
Percentile by assets National rank
$269,492
Avg per participant High balance/head
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Official DOL plan name: Ingersoll Cutting Tool 401(k) Plan · Sponsored by Ingersoll Cutting Tool Company, Inc. · Illinois · Manufacturing

$113M in assets, 421 participants

Ingersoll Cutting Tool Company, Inc.'s Ingersoll Cutting Tool 401(k) Plan reported $113M in total assets and 421 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #15,482 in Manufacturing (17,777 peers)

Where Ingersoll Cutting Tool 401(k) Plan sits by assets

Ingersoll Cutting Tool 401(k) Plan sits in the top 10% of all filed plans by assets, $113M for 421 participants (~$269,492/participant), up 10.3% in 2024.

#15,482
in Manufacturing (17,777 peers)
+10.3%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Ingersoll Cutting Tool 401(k) Plan's outsized position by total assets

Ingersoll Cutting Tool 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$113,456,332 Top 9% higher than 91% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Ingersoll Cutting Tool 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ingersoll Cutting Tool 401(k) Plan sits mid-pack in the medium band (421 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ingersoll Cutting Tool 401(k) Plan reported net income fell from $13M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Ingersoll Cutting Tool 401(k) Plan end-of-year assets rose from $103M in the plan year 2023 filing to $113M in the plan year 2024 filing.
  • Ingersoll Cutting Tool 401(k) Plan reported participants rose from 391 in the plan year 2023 filing to 421 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 752908703 · Ingersoll Cutting Tool Company, Inc. PY 2024 · 401(k)

Ingersoll Cutting Tool 401(k) Plan · $113M · 421 · 91st

  • SCH $113M
  • SCH 421
  • SCH 91st
  • SCH 401(k)
  • SCH near National Federation of Independent Business Retirement Savings Plan
  • SCH ind #15482

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 →

Ingersoll Cutting Tool 401(k) Plan in the asset neighbourhood

Glassdoor LLC 401(k) Plan$113MIngersoll Cutting Tool 401(k) PlanIngersoll Cutting Tool 401(k…$113MNational Federation of Independent Business Retirement Savings PlanNational Federation of Indep…$113MDmax 401(k) Savings Plan$113MSavings Plan for Employees of Intermountain Power Service CorporationSavings Plan for Employees o…$113M
End-of-year total assets ($M) among Ingersoll Cutting Tool 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$103M
Net Assets (End of Year)$113M
Net Income$11M
Employer EIN752908703
Plan Effective Date2000-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ingersoll Cutting Tool Company, Inc.)

Sponsor-wide plan assets over time

All Ingersoll Cutting Tool Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$113M 26.789092611776592% vs 2022
2024 filing year
$80M$90M$100M$110M$120M 202220232024 $89.5M $113M ▲ +26.8%
Year Plans Participants Total Assets
2022 1 384 $89M
2023 1 391 $103M
2024 1 421 $113M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Ingersoll Cutting Tool 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Ingersoll Cutting Tool 401(k) Plan, Total assets ($B): 0.113456332 · Participants: 421Ingersoll Cutting Tool 401(k) PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
Ingersoll Cutting Tool 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Ingersoll Cutting Tool 401(k) Plan side-by-side with 3 peers →

Ingersoll Cutting Tool 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is National Federation of Independent Business Retirement Savings Plan in TN ($113M); by covered participants it is Ubg 401(k) - Frontier Cooperative in NE (421 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (421 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ingersoll Cutting Tool 401(k) Plan assets move in 2024? ▼
Ingersoll Cutting Tool 401(k) Plan grew at a solid clip - up 10.3% during 2024, from $103M to $113M. Reported net income was $11M.
How have Ingersoll Cutting Tool Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ingersoll Cutting Tool Company, Inc.'s sponsor-wide assets grew 26.8%, from $89M to $113M.
Where does Ingersoll Cutting Tool 401(k) Plan rank by assets among Form 5500 filers? ▼
Ingersoll Cutting Tool 401(k) Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Ingersoll Cutting Tool 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is National Federation of Independent Business Retirement Savings Plan in TN ($113M, 585 participants).
Which 401(k) plans cover a similar participant headcount to Ingersoll Cutting Tool 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ubg 401(k) - Frontier Cooperative in NE (421 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 752908703.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.