Employers › Illinois Tool Works › plan 039
Recordkeeping fees per participant · ITW Bargaining Savings and Investment Plan · plan year 2024
$39.45
Higher than 32% of the 14,075 plans $10 to 50M that report it.
= $19,214 / 487
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918121927NAL0001502896001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121927NAL0001502896001, received 2025-09-18
Percentiles compare this plan with the Schedule H plans $10 to 50M 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
$42.01
Higher than 23% of the 24,371 plans $10 to 50M that report it.
= $20,457 / 487
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250918121927NAL0001502896001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121927NAL0001502896001, received 2025-09-18
Administrative expenses per participant
$44.06
Higher than 15% of the 25,098 plans $10 to 50M that report it.
= $21,457 / 487
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918121927NAL0001502896001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121927NAL0001502896001, received 2025-09-18
Administrative expenses as a share of assets
0.109%
Higher than 22% of the 25,132 plans $10 to 50M that report it.
= $21,457 / $19,756,943
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918121927NAL0001502896001, received 2025-09-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250918121927NAL0001502896001, received 2025-09-18
Employer contributions per participant
$1,511
Higher than 33% of the 24,050 plans $10 to 50M that report it.
= $735,896 / 487
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918121927NAL0001502896001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121927NAL0001502896001, received 2025-09-18
Employer share of total contributions
44.9%
Higher than 90% of the 24,084 plans $10 to 50M that report it.
= $735,896 / $1,638,122
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918121927NAL0001502896001, received 2025-09-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250918121927NAL0001502896001, received 2025-09-18
96.5% 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 $4,051 ($52.38 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250918121927NAL0001502896001, 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 20250918121927NAL0001502896001, received 2025-09-18 |
| Plan name | ITW BARGAINING SAVINGS AND INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Sponsor EIN / plan number | 36-1258310 / 039 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Sponsor location | GLENVIEW, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Industry (business code) | 551112, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250918121927NAL0001502896001, 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 20250918121927NAL0001502896001, received 2025-09-18 |
| Filing received | 2025-09-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Participants, beginning of year | 558 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Active participants | 357 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Participants, end of year | 554 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Participants with an account balance | 487 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Total assets, beginning of year | $18,863,170 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Total assets, end of year | $19,756,943 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Net assets, end of year | $19,742,688 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Total income | $3,171,501 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Net income | $1,056,725 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Employer contributions | $735,896 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Participant contributions | $885,881 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Other contributions (incl. rollovers) | $16,345 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Total contributions | $1,638,122 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Benefit payments | $2,093,319 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Total expenses (incl. benefit payments) | $2,114,776 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Total administrative expenses | $21,457 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Recordkeeping fees | $19,214 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Investment advisory and management fees | $1,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Administrative expenses excluding investment management | $20,457 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Held in master trusts | $19,063,751 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250918121927NAL0001502896001, received 2025-09-18 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250918121927NAL0001502896001, received 2025-09-18 |
Position = column in the DOL layout for form year 2024. Filing 20250918121927NAL0001502896001, 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 | $19,214 | yes |
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 20250918121927NAL0001502896001, received 2025-09-18.
ITW DEFINED CONTRIBUTIONS PLANS (EIN 366029149, PN 002): plan interest $19,063,751, 0.5% 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 | $2,560 |
| PUTNAM INVESTMENTS | 28 | $324,571 | $1,491 |
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 | $18,863,170 | $19,756,943 | 4.7% |
| Participants with a balance | 497 | 487 | -2.0% |
| Administrative expenses | $26,112 | $21,457 | -17.8% |
| Recordkeeping fees per participant | $48.06 | $39.45 | -17.9% |
| Employer contributions | $724,146 | $735,896 | 1.6% |
Prior filing 20240911140126NAL0007124273001, received 2024-09-11; the plan years are contiguous.