The Timken Company Savings And Investment Retirement Plan — Form 5500 plan (The Timken Company)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Timken Company Savings And Investment Retirement Plan is a benefit plan reported by The Timken Company under EIN 34-0577130 and plan number 011. The latest loaded filing year is 2023. The filing reports 8,350 participants and $1,113,530,172 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
The Timken Company
EIN
34-0577130
Plan number
011
Plan type
2
Location
North Canton, OH
Latest filing year
2023
Participants
8,350
End-of-year plan assets
$1,113,530,172

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20238,350H, C20241014115741NAL0026089537001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$1,113,530,172
Total liabilities (EOY)
$0
Net assets (EOY)
$1,113,530,172
Net assets (BOY)
$997,940,241

Income & contributions

Employer contributions
$33,100,259
Participant contributions
$36,603,997
Total contributions
$82,586,862
Total income / additions
$252,535,332

Expenses & distributions

Benefits paid
$135,802,719
Administrative expenses
$1,007,147
Total expenses
$137,184,149
Net increase / (decrease)
$115,351,183

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Advisory Group, LLCNONE$668,443not reported in the loaded dataset2023
Empower Annuity Insurance Company ONONE$338,704$02023

Related Form 5500 pages