Illinois Tool Works Inc.
Overview
Illinois Tool Works Inc. sponsors a self-funded health plan that covered 7,910 participants in plan year 2025, down 2% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 7,910 · prior year 8,091
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Illinois Tool Works Inc. Retiree Health and Welfare Plan, plan 501 (7,910 participants); The West Bend Company Benefits Plan, plan 553 (115 participants)
- Broker compensation
- $1.5M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life | 46,520 | $14.6M | $807K |
| Hartford Life and Accident | Long-term disability | 15,026 | $4.6M | $185K |
| Kaiser Foundation Health Plan Inc. | HMO, Medical | 143 | $1.9M | $18K |
| Kaiser Foundation Health Plan, Inc. | HMO, Medical | 88 | $729K | $6K |
| Summacare | HMO | 27 | $192K | — |
| National Union Fire Ins. Co. of Pittsburgh | AD&D | 13,429 | $32K | $5K |
| Lincoln National Life Insurance Company | Life | 357 | — | $451K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 7,910 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Illinois Tool Works Inc.
- Sponsor EIN
- 36-1258310
- Plan numbers
- 501, 553
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 36-1258310 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- ITW Savings and Investment Plan
- Type
- 401(k) plan
- Participants
- 27,226
About this data
Source: Illinois Tool Works Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Illinois Tool Works Inc..