Plan Snapshot
- Plan Sponsor: Illinois Tool Works INC.
- Sponsor EIN: 361258310
- Sponsor Address: 155 HARLEM AVENUE, GLENVIEW, IL, 60025
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 8,091
- Total Assets: $399.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,091 | $399.9M | $34.3M | $8.1M |
| 2023 | 8,097 | $357.9M | $6.1M | $7.9M |
| 2022 | 8,056 | $336.0M | $3.1M | $8.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPYREAN BENEFIT SOLUTIONS, INC. | Other Service Provider | $1,438,892 | — | $1,438,892 |
| BLUE CROSS BLUE SHIELD | Other Service Provider | $1,316,672 | — | $1,316,672 |
| CVS CAREMARK | Other Service Provider | $334,021 | — | $334,021 |
| METLIFE | Other Service Provider | $109,708 | — | $109,708 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,199,293
- Estimated Expense Ratio: 0.800% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,101,523 | — | — | — | — |
| 2023 | $3,080,707 | — | $21,375 | — | — |
| 2022 | $3,142,494 | — | — | — | $3,142,494 |