# Illinois Tool Works INC. 401(k) Plan
Source: https://planprovider.pro/companies/illinois-tool-works-inc-361258310-501

> Illinois Tool Works INC.'s 401(k) plan: 8,091 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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