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Original filing (PDF)20251007125240NAL0008168400001
ILLINOIS TOOL WORKS INC.
Form 5500
FILING_RECEIVED
ILLINOIS TOOL WORKS INC. RETIREE HEALTH AND WELFARE PLAN
Health & welfare plan
Signals · 2
100% in single holding~80 bps in Sched C fees
Active participants
—
Accounts w/ balance
—
Plan assets (EOY)
$399.9M
Net assets (EOY)
$394.6M
How this plan invests
This plan
7 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
100
Participation health
90
Knocking points off
- Top holding "Lincoln National Life Contract with Insurance Insurance Company Company Separate Accounts" is 100% of plan.
- 80 bps in Schedule C fees — 700% above peer band of 10 bps.
- No active participants reported but plan still holds assets.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for ILLINOIS TOOL WORKS INC..
Plan sponsor
Name
ILLINOIS TOOL WORKS INC.
EIN
36-1258310
Address
155 HARLEM AVENUE · GLENVIEW, IL · 60025
Phone
(847) 724-7500
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-07
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
Audit & trust (Schedule H)
Auditor
GRANT THORNTON LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsOther
4| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPYREAN BENEFIT SOLUTIONS, INC. | 20-3029813 | — | N/A | $1.4M | — |
| BLUE CROSS BLUE SHIELD | 36-1236610 | — | N/A | $1.3M | — |
| CVS CAREMARK | 51-0353040 | — | N/A | $334K | — |
| METLIFE | 13-5581829 | — | N/A | $110K | — |
Investments
5 direct securities· $399.6M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Lincoln National Life Contract with Insurance Company Separate Accounts | — | — | $90.6M | $399.6M | 99.9% | |
| The Northern Trust MFB Northern Trust Instl Company FDS Tax-Exempt | — | — | $4K | $4K | <0.1% | |
| (1) X This form is filed for a CCT, PSA, or MTIA. | — | — | — | $3K | <0.1% | |
| performed pursuant to both 29 CFR 2520.103-8 and 29 CFR 2520.103-12(d). Check box (3) if pursuant to neither. | — | — | $3K | $3K | <0.1% | |
| Yes No Amount a | — | — | — | $3K | <0.1% |