Plan Snapshot
- Plan Sponsor: The Timken Company
- Sponsor EIN: 340577130
- Sponsor Address: 4500 MOUNT PLEASANT ST. NW, NORTH CANTON, OH, 447205450
- Plan Type: DB
- Total Participants: 898
- Total Assets: $154.0M
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 | 898 | $154.0M | $16.8M | $0 |
| 2023 | 967 | $153.3M | $13.8M | $0 |
| 2022 | 1,056 | $154.3M | $14.6M | $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 | $545,493 | — | $545,493 |
| GOLDMAN SACHS | NONE | $248,100 | — | $248,100 |
| TOWERS WATSON INVESTMENT SERVICE IN | NONE | $59,377 | — | $59,377 |
| BOBER MARKEY FEDOROVICH & COMPANY | NONE | $25,700 | — | $25,700 |
| JONES DAY REAVIS & POGUE | NONE | $23,964 | — | $23,964 |
| CLIFTON LARSON ALLEN LLP | NONE | $5,093 | — | $5,093 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
- GOLDMAN SACHS — NONE
- BOBER MARKEY FEDOROVICH & COMPANY — NONE
- CLIFTON LARSON ALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $907,727
- Estimated Expense Ratio: 0.590% 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 | $2,874,868 | $307,477 | $337,359 | $25,700 | — |
| 2023 | $3,177,727 | $241,364 | — | $25,750 | — |
| 2022 | $1,635,456 | $570,031 | — | — | $667,289 |