Plan Snapshot
- Plan Sponsor: The Timken Company
- Sponsor EIN: 320422708
- Sponsor Address: 4500 MOUNT PLEASANT ST. NW, NORTH CANTON, OH, 447205450
- Plan Type: DB
- Total Participants: 87
- Total Assets: $14.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 87 | $14.3M | $1.5M | $0 |
| 2023 | 98 | $13.8M | $600,000 | $0 |
| 2022 | 110 | $13.1M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | NONE | $108,492 | — | $108,492 |
| BOBER MARKEY FEDOROVICH & COMPANY | NONE | $20,200 | — | $20,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
- BOBER MARKEY FEDOROVICH & COMPANY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,692
- Estimated Expense Ratio: 0.900% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $520,191 | — | $66,092 | $20,200 | — |
| 2023 | $528,484 | — | — | $20,250 | — |
| 2022 | $356,826 | — | — | — | $137,320 |