Illinois Tool Works Inc. Retiree Health And Welfare 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, Illinois Tool Works Inc. Retiree Health And Welfare Plan is a benefit plan reported by Illinois Tool Works Inc. under EIN 36-1258310 and plan number 501. The latest loaded filing year is 2023. The filing reports 8,097 participants and $357,871,974 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
- 501
- Plan type
- 2
- Location
- Glenview, IL
- Latest filing year
- 2023
- Participants
- 8,097
- End-of-year plan assets
- $357,871,974
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 8,097 | H, C | 20241008152604NAL0030360240001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $357,871,974
- Total liabilities (EOY)
- $5,897,736
- Net assets (EOY)
- $351,974,238
- Net assets (BOY)
- $330,063,360
Income & contributions
- Employer contributions
- $6,113,090
- Participant contributions
- $7,916,490
- Total contributions
- $14,029,580
- Total income / additions
- $64,788,133
Expenses & distributions
- Benefits paid
- $39,796,548
- Administrative expenses
- $3,080,707
- Total expenses
- $42,877,255
- Net increase / (decrease)
- $21,910,878
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empyrean Benefit Solutions, Inc. | N/A | $1,398,474 | not reported in the loaded dataset | 2023 |
| Blue Cross Blue Shield | N/A | $1,368,052 | not reported in the loaded dataset | 2023 |
| Cvs Caremark | N/A | $298,219 | not reported in the loaded dataset | 2023 |
| Metlife | N/A | $111,636 | not reported in the loaded dataset | 2023 |
| The Northern Trust | N/A | $21,375 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Illinois Tool Works Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Glenview, IL
- Empyrean Benefit Solutions, Inc. — Schedule C compensation
- Blue Cross Blue Shield — Schedule C compensation
- Cvs Caremark — Schedule C compensation
- Metlife — Schedule C compensation
- The Northern Trust — Schedule C compensation