Plan5500

Itw Savings And Investment Plan — Form 5500 plan (Illinois Tool Works Inc.)

Plain-English plan 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, Itw Savings And Investment Plan is a benefit plan reported by Illinois Tool Works Inc. under EIN 36-1258310 and plan number 003. The latest loaded filing year is 2023. The filing reports 28,507 participants and $4,063,413,593 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Illinois Tool Works Inc.
EIN
36-1258310
Plan number
003
Plan type
2
Location
Glenview, IL
Latest filing year
2023
Participants
28,507
End-of-year plan assets
$4,063,413,593

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202328,507H, C20240911140148NAL0014435810001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$4,063,413,593
Total liabilities (EOY)
$1,376,843
Net assets (EOY)
$4,062,036,750
Net assets (BOY)
$3,693,471,167

Income & contributions

Employer contributions
$100,381,108
Participant contributions
$130,774,492
Total contributions
$249,087,974
Total income / additions
$796,712,685

Expenses & distributions

Benefits paid
$425,959,068
Administrative expenses
$2,251,306
Total expenses
$428,210,374
Net increase / (decrease)
$368,502,311

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Great-West Trust Company, LLCRECORDKEEPER$1,808,491$02023
Northern Trust CompanyNONE$243,815not reported in the loaded dataset2023
Fiduicient AdvisorsNONE$199,000not reported in the loaded dataset2023

Related Form 5500 pages