# The Timken Company 401(k) Plan
Source: https://planprovider.pro/companies/the-timken-company-401k-plan-011

> The Timken Company's 401(k) plan: 5,749 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:** 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|

| EMPOWER ADVISORY GROUP, LLC|NONE|$738,068|—|$738,068|

| EMPOWER ANNUITY INSURANCE COMPANY O|NONE|$332,536|—|$332,536|

| 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](https://planprovider.pro/provider/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:** $1,070,604

- **Estimated Expense Ratio:** 0.087% 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|$1,070,604|$738,068|—|—|—|

| 2023|$1,007,147|$662,375|—|—|—|

| 2022|$996,996|$744,163|—|—|—|

## Similar Plans

- [Nordson Corporation](https://planprovider.pro/companies/nordson-corporation-401k-plan-002) — 3,133 participants

- [Kci Holding Usa, INC.](https://planprovider.pro/companies/kci-holding-usa-inc-401k-plan) — 2,451 participants

- [The Gorman-Rupp Company](https://planprovider.pro/companies/the-gorman-rupp-company-401k-plan) — 1,278 participants

- [Metallus INC.](https://planprovider.pro/companies/timkensteel-corporation-plan-002) — 1,038 participants

- [The Timken Company](https://planprovider.pro/companies/the-timken-company-plan-020) — 898 participants

- [Grob Systems, INC.](https://planprovider.pro/companies/grob-systems-inc-401k-plan) — 873 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/the-timken-company-401k-plan-011)

© 2026 PlanProvider.Pro