Plan Snapshot
- Plan Sponsor: The Timken Company
- Sponsor EIN: 340577130
- Sponsor Address: 4500 MOUNT PLEASANT ST. NW, NORTH CANTON, OH, 447205450
- Plan Type: 401(k)
- Plan Number: 499
- Total Participants: 0
- Total Assets: $194.5M
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 | 0 | $194.5M | $0 | $0 |
| 2023 | 0 | $198.8M | $0 | $0 |
| 2022 | 0 | $206.1M | $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 |
|---|---|---|---|---|
| TOWERS WATSON INVESTMENT SERVICES | Other Service Provider | $182,771 | — | $182,771 |
| NORTHERN TRUST INVESTMENTS INC | Custodian / Trustee | $40,465 | — | $40,465 |
| NORTHERN TRUST COMPANY | Other Service Provider | $15,917 | — | $15,917 |
| JONES DAY REAVIS & POGUE | Other Service Provider | $11,395 | — | $11,395 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $250,548
- Estimated Expense Ratio: 0.129% 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 | $983,636 | $196,711 | — | — | — |
| 2023 | $500,291 | $267,585 | — | — | — |
| 2022 | $890,438 | $211,878 | — | — | $672,935 |