Department of Labor filing

ILLINOIS TOOL WORKS INC.

ITW SAVINGS AND INVESTMENT PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 18, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

80filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$6,487

Reported employer contributions per active participant.

Higher than about 94% of comparable plans

#People in the filing

15,573

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$74 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 47% of comparable plans

↗Investment performance

Not available

Plan assets changed 3.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202480out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions94th percentileTypical peer $2,826 · based on 53 comparable plans

Lower reported administrative expense47th percentileTypical peer $71 · based on 51 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, ILLINOIS TOOL WORKS INC. reported $101,024,390 in employer contributions across the plan and 15,573 active participants. That works out to $6,487 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy57%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 9.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 18.1%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context80/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $101,024,390
Participant contributions: $133,030,723
Other contributions: $22,582,929
Employer share of reported contributions: 43.2%
Beginning assets: $4,063,413,593
Ending assets: $4,193,864,066
Ending net assets: $4,191,241,603
Ending liabilities: $2,622,463
Total income: $640,029,535
Total expenses: $512,348,992
Administrative expenses: $2,065,832
Participant loans: $60,866,954

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$5,942

2023

$6,338

2024

$6,487

Plan-paid administrative expenses per participant

2022

$91

2023

$79

2024

$74

Active participants

2022

16,489

2023

15,838

2024

15,573

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$6,487	15,573	4.2B	20250918121915NAL0001395617001
2023	$6,338	15,838	4.1B	20240911140148NAL0014435810001
2022	$5,942	16,489	3.7B	20230911125310NAL0041937090001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.5%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 361258310-003

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Nov 16, 1967
Industry: Industry group 332
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2J2G2F2K3H3F2O2S2T2E

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Filing ACK_ID20250918121915NAL0001395617001

Data sourceDOL Form 5500 bulk data ↗

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