2023 Form 5500 filing — Illinois Tool Works Inc. Retiree Health And Welfare Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008152604NAL0030360240001) for Illinois Tool Works Inc. Retiree Health And Welfare Plan, reported by Illinois Tool Works Inc. under EIN 36-1258310 and plan number 501. It reports 8,097 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008152604NAL0030360240001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Illinois Tool Works Inc.
- EIN
- 36-1258310
- Plan number
- 501
- Location
- Glenview, IL
- Participants
- 8,097
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $357,871,974
- Total liabilities (EOY)
- $5,897,736
- Net assets (EOY)
- $351,974,238
- Employer contributions
- $6,113,090
- Participant contributions
- $7,916,490
- Total income / additions
- $64,788,133
- Benefits paid
- $39,796,548
- Administrative expenses
- $3,080,707
- Total expenses
- $42,877,255
- Net increase / (decrease)
- $21,910,878
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empyrean Benefit Solutions, Inc. | N/A | $1,398,474 | not reported in the loaded dataset |
| Blue Cross Blue Shield | N/A | $1,368,052 | not reported in the loaded dataset |
| Cvs Caremark | N/A | $298,219 | not reported in the loaded dataset |
| Metlife | N/A | $111,636 | not reported in the loaded dataset |
| The Northern Trust | N/A | $21,375 | not reported in the loaded dataset |