Illinois Tool Works 401(k) and pension plans

Illinois Tool Works Inc., Glenview, IL. EIN 36-1258310. Annual reports 2009–2024.

Illinois Tool Works Inc. has 4 active retirement plans on file. The largest is the Itw Savings and Investment Plan, with 27,157 participants and $4.2 billion in assets in 2024. Empower has been its recordkeeper since 2015.

Active plans
4
Participants
47,581
Plan assets
$5.5 billion
401(k) recordkeeper
Empower
Plans on file
9
Industry
Manufacturing

All 9 plans

Active plans first

Itw Savings and Investment Plan

401(k) with ESOPActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
003Employer EIN 36-1258310
Participants (2024)
27,157
Net assets (2024)
$4.2 billion
Recordkeeper
EmpowerEarlier: Voya (2014), ING (2009–2013)
Plan administrator
Illinois Tool Works Inc.
155 Harlem Ave
Glenview, IL 60025
(847) 724-7500As filed for 2024
In effect since
November 16, 1967

Plans merged into this one: Deferred Compensation Profit Sharing Thrift Plan for Employees of Cci Corporation, Et Al (2010).

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
202427,157$4.2 billionEmpower
202327,772$4.1 billionEmpower
202228,506$3.7 billionEmpower
202126,129$3.9 billionEmpower
202025,459$3.6 billionEmpower
201926,065$3.3 billionEmpower
201826,436$2.8 billionEmpower
201726,347$3.2 billionEmpower
201626,665$2.8 billionEmpower
201527,243$2.7 billionEmpower
201427,783$2.8 billionVoya
201329,896$3.0 billionING
201233,257$2.8 billionING
201134,063$2.5 billionING
201031,702$2.5 billionING
200932,118$2.3 billionING

Itw Retirement Accumulation Plan

Pension (defined benefit)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number
001Employer EIN 36-1258310
Participants (2024)
19,834
Net assets (2024)
$1.3 billion
Plan administrator
Illinois Tool Works Inc.
155 Harlem Ave
Glenview, IL 60025
(847) 724-7500As filed for 2024
In effect since
January 1, 1950

Plans merged into this one: Itw Bargaining Retirement Plan (2024); Medalist Industries Inc. Retirement Plan (2009).

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
202419,834$1.3 billionnot listed
202318,887$1.3 billionnot listed
202219,592$1.2 billionnot listed
202120,353$1.6 billionnot listed
202021,233$1.7 billionnot listed
201922,138$1.6 billionnot listed
201823,029$1.5 billionnot listed
201723,885$1.6 billionnot listed
201624,866$1.6 billionnot listed
201525,760$1.4 billionnot listed
201427,256$1.5 billionnot listed
201328,503$1.5 billionnot listed
201231,334$1.4 billionnot listed
201132,702$1.3 billionnot listed
201033,789$1.3 billionnot listed
200935,130$1.2 billionnot listed

Itw Bargaining Savings and Investment Plan

401(k) with ESOPActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
039Employer EIN 36-1258310
Participants (2024)
554
Net assets (2024)
$19.7 million
Recordkeeper
EmpowerEarlier: Voya (2014), ING (2009–2013)
Plan administrator
Illinois Tool Works Inc.
155 Harlem Ave
Glenview, IL 60025
(847) 724-7500As filed for 2024
In effect since
January 1, 1991
Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
2024554$19.7 millionEmpower
2023558$18.9 millionEmpower
2022554$17.2 millionEmpower
2021508$20.1 millionEmpower
2020497$19.4 millionEmpower
2019541$18.2 millionEmpower
2018553$16.0 millionEmpower
2017580$17.3 millionEmpower
2016599$15.5 millionEmpower
2015715$14.4 millionEmpower
2014637$16.0 millionVoya
2013699$16.4 millionING
2012901$18.2 millionING
2011999$15.5 millionING
2010989$15.9 millionING
2009895$14.6 millionING

Traulsen & Co., Inc. Employee Stock Ownership Plan

Employee stock ownership plan (ESOP)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number
045Employer EIN 36-1258310
Participants (2024)
36
Net assets (2024)
$349,921
Plan administrator
Illinois Tool Works Inc.
155 Harlem Ave
Glenview, IL 60025
(847) 724-7500As filed for 2024
In effect since
April 1, 1978
Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
202436$349,921not listed
202336$325,522not listed
202236$298,774not listed
202136$282,968not listed
202036$282,827not listed
201936$281,797not listed
201836$270,558not listed
201736$259,534not listed
201636$254,871not listed
201536$253,633not listed
201436$254,759not listed
201336$256,611not listed
201236$258,389not listed
201136$259,830not listed
201041$261,542not listed
200941$262,713not listed

Itw Bargaining Retirement Plan

Pension (defined benefit)Merged

Merged. In 2024 its assets moved to the Itw Retirement Accumulation Pla, sponsored by Illinois Tool Works Inc. (EIN 36-1258310, plan 001). Accounts moved with them, so that plan is the one to contact.

Plan number
037Employer EIN 36-1258310
Participants (2023)
1,812
Net assets (2023)
$97.9 million
Plan administrator
Illinois Tool Works Inc.
155 Harlem Ave
Glenview, IL 60025
(847) 724-7500As filed for 2024
In effect since
January 1, 1987

Plans merged into this one: Stero Company Hourly Employees' Pension Plan (2013); Pension Plan for Union Employees of American Safety Technologies, Inc. (2013); Pension Plan for Hourly Ees of the Ramset/Red Head Division of Itw (2013).

Earlier plan names: Itw Bargaining Retirement Pension Plan.

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20240$0not listed
20231,812$97.9 millionnot listed
20221,874$94.6 millionnot listed
20211,944$121 millionnot listed
20202,023$125 millionnot listed
20192,074$115 millionnot listed
20182,140$103 millionnot listed
20172,194$112 millionnot listed
20162,230$107 millionnot listed
20152,297$105 millionnot listed
20142,356$109 millionnot listed
20132,198$105 millionnot listed
20121,871$66.4 millionnot listed
20111,922$59.5 millionnot listed
20101,862$56.8 millionnot listed
20092,004$53.1 millionnot listed

Stero Company Hourly Employees' Pension Plan

Pension (defined benefit)Merged

Merged. In 2013 its assets moved to the Itw Bargaining Retirement Plan, sponsored by Illinois Tool Works Inc. (EIN 36-1258310, plan 037). Accounts moved with them, so that plan is the one to contact.

Plan number
041Employer EIN 36-1258310
Participants (2012)
61
Net assets (2012)
$4.1 million
Plan administrator
Illinois Tool Works Inc.
3600 West Lake Avenue
Glenview, IL 60026
(847) 724-7500As filed for 2013
In effect since
May 1, 1986
Year by year, 2009 to 2013
Plan yearParticipantsNet assetsRecordkeeper
20130$0not listed
201261$4.1 millionnot listed
201162$3.4 millionnot listed
201060$3.3 millionnot listed
200962$3.0 millionnot listed

Pension Plan for Union Employees of American Safety Technologies, Inc.

Pension (defined benefit)Merged

Merged. In 2013 its assets moved to the Itw Bargaining Retirement Plan, sponsored by Illinois Tool Works Inc. (EIN 36-1258310, plan 037). Accounts moved with them, so that plan is the one to contact.

Plan number
042Employer EIN 36-1258310
Participants (2012)
47
Net assets (2012)
$1.4 million
Plan administrator
Illinois Tool Works Inc.
3600 West Lake Avenue
Glenview, IL 60026
(847) 724-7500As filed for 2013
In effect since
March 1, 1950
Year by year, 2009 to 2013
Plan yearParticipantsNet assetsRecordkeeper
20130$0not listed
201247$1.4 millionnot listed
201150$1.1 millionnot listed
201047$1.0 millionnot listed
200947$902,332not listed

Pension Plan for Hourly Ees of the Ramset/Red Head Division of Itw

Pension (defined benefit)Merged

Merged. In 2013 its assets moved to the Itw Bargaining Retirement Plan, sponsored by Illinois Tool Works Inc. (EIN 36-1258310, plan 037). Accounts moved with them, so that plan is the one to contact.

Plan number
009Employer EIN 36-1258310
Participants (2012)
88
Net assets (2012)
$5.2 million
Plan administrator
Illinois Tool Works Inc.
3600 West Lake Avenue
Glenview, IL 60026
(847) 724-7500As filed for 2013
In effect since
May 6, 1974

Earlier plan names: Pension Plan for Hourly Ee'S of the Ramset / Red Head Div. of Itw.

Year by year, 2009 to 2013
Plan yearParticipantsNet assetsRecordkeeper
20130$0not listed
201288$5.2 millionnot listed
201190$4.0 millionnot listed
201089$3.6 millionnot listed
200998$3.2 millionnot listed

Medalist Industries Inc. Retirement Plan

Pension (defined benefit), frozenMerged

Merged. In 2009 its assets moved to the Itw Retirement Accumulation Plan, sponsored by Illinois Tool Works Inc. (EIN 36-1258310, plan 001). Accounts moved with them, so that plan is the one to contact.

Plan number
030Employer EIN 36-1258310
Plan administrator
Illinois Tool Works Inc.
3600 West Lake Ave.
Glenview, IL 60026
(847) 724-7500As filed for 2009
In effect since
January 1, 1969

If you had money in one of these plans

  1. Call Empower (empower.com), which runs the Itw Savings and Investment Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
  2. Or call the plan administrator listed on the plan below ((847) 724-7500). That number was filed for 2024; ask for the benefits or retirement plan office.
  3. If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
  4. Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

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