# Illinois Tool Works INC. 401(k) Plan
Source: https://planprovider.pro/companies/illinois-tool-works-inc-366029149-002

> Illinois Tool Works INC.'s 401(k) plan: 0 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:** 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|

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