Plan Snapshot
- Plan Sponsor: Illinois Tool Works INC.
- Sponsor EIN: 366029149
- Sponsor Address: 155 HARLEM AVENUE, GLENVIEW, IL, 60025
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 0
- Total Assets: $4.2B
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 | $4.2B | $0 | $0 |
| 2023 | 0 | $4.0B | $0 | $0 |
| 2022 | 0 | $3.7B | $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 |
|---|---|---|---|---|
| NORTHERN TRUST COMPANY | Other Service Provider | $557,298 | — | $557,298 |
| PUTNAM INVESTMENTS | Other Service Provider | $324,571 | — | $324,571 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $881,869
- Estimated Expense Ratio: 0.021% 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 | $881,892 | $749,879 | — | — | — |
| 2023 | $789,567 | $402,907 | — | — | — |
| 2022 | $900,842 | $323,450 | — | — | $579,344 |