# The Timken Company DB Plan
Source: https://planprovider.pro/companies/the-timken-comany-plan

> The Timken Company's DB plan: 87 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [BOBER MARKEY FEDOROVICH & COMPANY](https://planprovider.pro/provider/bober-markey-fedorovich-and-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|

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