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 |
|---|---|---|---|---|
| BOBER MARKEY FEDEROVICH & COMPANY | Auditor | $25,700 | — | $25,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBER MARKEY FEDEROVICH & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,700
- Estimated Expense Ratio: 0.017% 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 |