Plan Snapshot
- Plan Sponsor: The Timken Company
- Sponsor EIN: 340577130
- Sponsor Address: 4500 MOUNT PLEASANT ST NW, NORTH CANTON, OH, 44720
- Plan Type: 401(k)
- Total Participants: 5,749
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,749 | $1.2B | $33.8M | $37.2M |
| 2023 | 6,521 | $1.1B | $33.1M | $36.6M |
| 2022 | 6,144 | $997.9M | $29.2M | $36.4M |
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 |
|---|---|---|---|---|
| BOBER MARKEY FEDOROVICH AND COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBER MARKEY FEDOROVICH AND COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,070,604 | $738,068 | — | — | — |
| 2023 | $1,007,147 | $662,375 | — | — | — |
| 2022 | $996,996 | $744,163 | — | — | — |