Tool balancers, retractors, and accessories position and secure pneumatic, electric, and hydraulic tools for assembly, fabrication, manufacturing, and packaging and shipping operations. Tool balancers and retractors suspend tools above work surfaces, keeping the tools within reach to maintain productivity and supporting their weight to decrease user fatigue. Their retractable cable allows the tools to move up and down while tethering them to prevent damage from drops, lessen workspace clutter, and avoid loss. Chains, cables, and saddles protect balancers and retractors from damage, reduce the risk of injuries to those working near them, or enhance their function to suit specific applications. Lanyards prevent loss and injury by securing tools and materials directly to an individual.