Plan Snapshot
- Plan Sponsor: Illinois Tool Works INC.
- Sponsor EIN: 361258310
- Sponsor Address: 155 HARLEM AVE, GLENVIEW, IL, 60025
- Plan Type: DB
- Total Participants: 2,641
- 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 | 2,641 | $1.3B | $10.0M | $0 |
| 2023 | 2,893 | $1.3B | $30.0M | $0 |
| 2022 | 3,256 | $1.2B | $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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $3,990,517 | $863,330 | $10,593 | — | — |
| 2023 | $4,027,735 | $952,543 | $10,463 | — | — |
| 2022 | $3,496,808 | — | — | — | $3,496,808 |