2023 Form 5500 filing — Itw Savings And Investment Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240911140148NAL0014435810001) for Itw Savings And Investment Plan, reported by Illinois Tool Works Inc. under EIN 36-1258310 and plan number 003. It reports 28,507 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240911140148NAL0014435810001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Illinois Tool Works Inc.
- EIN
- 36-1258310
- Plan number
- 003
- Location
- Glenview, IL
- Participants
- 28,507
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,063,413,593
- Total liabilities (EOY)
- $1,376,843
- Net assets (EOY)
- $4,062,036,750
- Employer contributions
- $100,381,108
- Participant contributions
- $130,774,492
- Total income / additions
- $796,712,685
- Benefits paid
- $425,959,068
- Administrative expenses
- $2,251,306
- Total expenses
- $428,210,374
- Net increase / (decrease)
- $368,502,311
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Great-West Trust Company, LLC | RECORDKEEPER | $1,808,491 | $0 |
| Northern Trust Company | NONE | $243,815 | not reported in the loaded dataset |
| Fiduicient Advisors | NONE | $199,000 | not reported in the loaded dataset |