Employers › Illinois Tool Works
Recordkeeping fees per participant · largest plan, ITW Savings and Investment Plan · plan year 2024
$59.84
Higher than 92% of the 790 plans over $1B that report it.
= $1,619,438 / 27,064
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918121915NAL0001395617001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121915NAL0001395617001, received 2025-09-18
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-18.
Recordkeeping fees per participantheadline
$59.84
Higher than 92% of the 790 plans over $1B that report it.
= $1,619,438 / 27,064
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918121915NAL0001395617001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121915NAL0001395617001, received 2025-09-18
Administrative expenses excluding investment management, per participant
$68.98
Higher than 79% of the 1,045 plans over $1B that report it.
= $1,866,832 / 27,064
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250918121915NAL0001395617001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121915NAL0001395617001, received 2025-09-18
Administrative expenses per participant
$76.33
Higher than 55% of the 1,076 plans over $1B that report it.
= $2,065,832 / 27,064
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918121915NAL0001395617001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121915NAL0001395617001, received 2025-09-18
Administrative expenses as a share of assets
0.049%
Higher than 53% of the 1,076 plans over $1B that report it.
= $2,065,832 / $4,193,864,066
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918121915NAL0001395617001, received 2025-09-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250918121915NAL0001395617001, received 2025-09-18
Employer contributions per participant
$3,733
Higher than 50% of the 1,135 plans over $1B that report it.
= $101,024,390 / 27,064
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918121915NAL0001395617001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121915NAL0001395617001, received 2025-09-18
Employer share of total contributions
39.4%
Higher than 73% of the 1,135 plans over $1B that report it.
= $101,024,390 / $256,638,042
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918121915NAL0001395617001, received 2025-09-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250918121915NAL0001395617001, received 2025-09-18
98.5% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $877,861 ($108.77 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Employer match
“Group I - Dollar-for-dollar match on the first 1% and 50¢ per $1 on the next 5% of eligible compensation contributed.”
Form 11-K filed 2026-06-11, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“The Plan is a defined contribution plan in which employees of participating business units of Illinois Tool Works Inc. and its wholly owned subsidiaries (the "Company") in the United States are eligible to participate as soon as administratively feasible upon hire.”
Form 11-K filed 2026-06-11, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Participants' interest in their employee and Company matching contribution accounts are fully vested at all times.”
Form 11-K filed 2026-06-11, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Employees will be automatically enrolled in the Plan unless participation is declined.”
Form 11-K filed 2026-06-11, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
| Plan | Assets | Participants with a balance | Headline | Year |
|---|---|---|---|---|
| ITW Savings and Investment Plan | $4,193,864,066 | 27,064 | $59.84 recordkeeping fees per participant | 2024 |
| ITW Bargaining Savings and Investment Plan | $19,756,943 | 487 | $39.45 recordkeeping fees per participant | 2024 |
Sponsor name as filed: ILLINOIS TOOL WORKS INC.; SEC registrant: ILLINOIS TOOL WORKS INC (CIK 49826, matched by EIN; display name from the Form 11-K cover).