Employers › Illinois Tool Works › plan 003
Recordkeeping fees per participant · 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.
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.
2J 401(k) feature · 2G fully participant-directed · 2F ERISA 404(c) plan · 2K 401(m) arrangement · 3H controlled-group sponsor · 3F · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 2E profit-sharing · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250918121915NAL0001395617001, received 2025-09-18
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ILLINOIS TOOL WORKS INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Plan name | ITW SAVINGS AND INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Sponsor EIN / plan number | 36-1258310 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Sponsor location | GLENVIEW, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Industry (business code) | 332110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Filing received | 2025-09-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Participants, beginning of year | 27,772 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Active participants | 15,573 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Participants, end of year | 27,157 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Participants with an account balance | 27,064 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Total assets, beginning of year | $4,063,413,593 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Total assets, end of year | $4,193,864,066 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Net assets, end of year | $4,191,241,603 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Total income | $640,029,535 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Net income | $127,680,543 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Employer contributions | $101,024,390 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Participant contributions | $133,030,723 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Other contributions (incl. rollovers) | $22,582,929 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Total contributions | $256,638,042 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Benefit payments | $510,283,160 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Total expenses (incl. benefit payments) | $512,348,992 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Total administrative expenses | $2,065,832 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Recordkeeping fees | $1,619,438 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Investment advisory and management fees | $199,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Administrative expenses excluding investment management | $1,866,832 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Held in master trusts | $4,131,237,984 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250918121915NAL0001395617001, received 2025-09-18 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250918121915NAL0001395617001, received 2025-09-18 |
Position = column in the DOL layout for form year 2024. Filing 20250918121915NAL0001395617001, received 2025-09-18.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| GREAT-WEST TRUST COMPANY, LLCrecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 64 Recordkeeping fees | $1,619,438 | yes |
| NORTHERN TRUST COMPANY | NONE | 21 Trustee (bank, trust company or similar) | $247,394 | no |
| FIDUICIENT ADVISORS | NONE | 28 Investment management | $199,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250918121915NAL0001395617001, received 2025-09-18.
ITW DEFINED CONTRIBUTION PLANS (EIN 366029149, PN 002): plan interest $4,131,237,984, 99.5% of the trust. The trust's own filing (20251007152859NAL0002789779001, received 2025-10-07) reports net assets $4,150,206,355, administrative expenses $881,892, recordkeeping fees not reported, investment management fees $749,879 and 2 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| NORTHERN TRUST COMPANY | 21 | $557,298 | $554,751 |
| PUTNAM INVESTMENTS | 28 | $324,571 | $323,088 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $4,063,413,593 | $4,193,864,066 | 3.2% |
| Participants with a balance | 27,662 | 27,064 | -2.2% |
| Administrative expenses | $2,251,306 | $2,065,832 | -8.2% |
| Recordkeeping fees per participant | $65.38 | $59.84 | -8.5% |
| Employer contributions | $100,381,108 | $101,024,390 | 0.6% |
Prior filing 20240911140148NAL0014435810001, received 2024-09-11; the plan years are contiguous.