Plan Snapshot
- Plan Sponsor: Illinois Tool Works INC.
- Sponsor EIN: 366029149
- Sponsor Address: 155 HARLEM AVE, GLENVIEW, IL, 60025
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $1.3B
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 | 0 | $1.3B | $0 | $0 |
| 2023 | 0 | $1.3B | $0 | $0 |
| 2022 | 0 | $1.3B | $0 | $0 |
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 |
|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | Other Service Provider | $1,338,354 | — | $1,338,354 |
| NISA INVESTMENT ADVISORS LLC | Other Service Provider | $646,558 | — | $646,558 |
| BLACKROCK | Other Service Provider | $298,721 | — | $298,721 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $10,413 | — | $10,413 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,294,046
- Estimated Expense Ratio: 0.179% 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 | $4,387,129 | $2,006,447 | $10,413 | — | — |
| 2023 | $4,639,336 | $905,854 | $10,466 | — | — |
| 2022 | $2,108,729 | $997,685 | $10,201 | — | $1,575,898 |