# Illinois Tool Works INC. 401(k) Plan
Source: https://planprovider.pro/companies/illinois-tool-works-inc-401k-plan-003

> Illinois Tool Works INC.'s 401(k) plan: 15,573 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 AVE, GLENVIEW, IL, 60025

- **Plan Type:** 401(k)

- **Total Participants:** 15,573

- **Total Assets:** $4.2B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|15,573|$4.2B|$101.0M|$133.0M|

| 2023|15,838|$4.1B|$100.4M|$130.8M|

| 2022|16,489|$3.7B|$98.0M|$124.6M|

## 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|

| GREAT-WEST TRUST COMPANY, LLC|RECORDKEEPER|$1,619,438|—|$1,619,438|

| NORTHERN TRUST COMPANY|NONE|$247,394|—|$247,394|

| FIDUICIENT ADVISORS|NONE|$199,000|—|$199,000|

| GRANT THORNTON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GRANT THORNTON LLP](https://planprovider.pro/provider/grant-thornton-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,065,832

- **Estimated Expense Ratio:** 0.049% 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|$2,065,832|$199,000|—|—|—|

| 2023|$2,251,306|$199,000|—|—|—|

| 2022|$2,438,525|$445,924|$1,992,601|—|—|

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