Employers › Timken › plan 011
Recordkeeping fees per participant · The Timken Company Savings and Investment Retirement Plan · plan year 2024
$43.11
Higher than 71% of the 790 plans over $1B that report it.
= $332,536 / 7,714
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250703111258NAL0000543153001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703111258NAL0000543153001, received 2025-07-03
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-03.
Administrative expenses excluding investment management, per participant
$43.11
Higher than 47% of the 1,045 plans over $1B that report it.
= $332,536 / 7,714
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250703111258NAL0000543153001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703111258NAL0000543153001, received 2025-07-03
Administrative expenses per participant
$138.79
Higher than 85% of the 1,076 plans over $1B that report it.
= $1,070,604 / 7,714
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250703111258NAL0000543153001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703111258NAL0000543153001, received 2025-07-03
Administrative expenses as a share of assets
0.087%
Higher than 82% of the 1,076 plans over $1B that report it.
= $1,070,604 / $1,229,256,879
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250703111258NAL0000543153001, received 2025-07-03
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250703111258NAL0000543153001, received 2025-07-03
Employer contributions per participant
$4,381
Higher than 60% of the 1,135 plans over $1B that report it.
= $33,793,282 / 7,714
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250703111258NAL0000543153001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703111258NAL0000543153001, received 2025-07-03
Employer share of total contributions
45.1%
Higher than 85% of the 1,135 plans over $1B that report it.
= $33,793,282 / $74,935,924
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250703111258NAL0000543153001, received 2025-07-03
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250703111258NAL0000543153001, received 2025-07-03
98.1% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($138.79 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 2I · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250703111258NAL0000543153001, received 2025-07-03
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE TIMKEN COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Plan name | THE TIMKEN COMPANY SAVINGS AND INVESTMENT RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Sponsor EIN / plan number | 34-0577130 / 011 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Sponsor location | NORTH CANTON, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Industry (business code) | 333200, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Filing received | 2025-07-03 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Participants, beginning of year | 10,626 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Active participants | 5,749 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Participants, end of year | 7,810 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Participants with an account balance | 7,714 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Total assets, beginning of year | $1,113,530,172 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Total assets, end of year | $1,229,256,879 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Net assets, end of year | $1,229,256,879 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Total income | $230,378,824 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Net income | $115,726,707 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Employer contributions | $33,793,282 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Participant contributions | $37,150,331 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Other contributions (incl. rollovers) | $3,992,311 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Total contributions | $74,935,924 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Benefit payments | $113,237,428 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Total expenses (incl. benefit payments) | $114,652,117 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Total administrative expenses | $1,070,604 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Recordkeeping fees | $332,536 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Investment advisory and management fees | $738,068 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Administrative expenses excluding investment management | $332,536 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Held in master trusts | $1,206,459,554 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250703111258NAL0000543153001, received 2025-07-03 |
| Independent auditor | BOBER MARKEY FEDOROVICH AND COMPANY | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250703111258NAL0000543153001, received 2025-07-03 |
Position = column in the DOL layout for form year 2024. Filing 20250703111258NAL0000543153001, received 2025-07-03.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $738,068 | no |
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | NONE | 64 Recordkeeping fees; 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 59 Shareholder servicing fees | $332,536 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250703111258NAL0000543153001, received 2025-07-03.
MASTER TRUST FOR TIMKEN CO. DC PLAN (EIN 043804445, PN 001): plan interest $1,206,459,554, 94.9% of the trust. The trust's own filing (20250703110700NAL0000277907001, received 2025-07-03) reports net assets $1,271,548,161, administrative expenses $0, recordkeeping fees $0, investment management fees $0 and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,113,530,172 | $1,229,256,879 | 10.4% |
| Participants with a balance | 7,967 | 7,714 | -3.2% |
| Administrative expenses | $1,007,147 | $1,070,604 | 6.3% |
| Recordkeeping fees per participant | $43.28 | $43.11 | -0.4% |
| Employer contributions | $33,100,259 | $33,793,282 | 2.1% |
Prior filing 20241014115741NAL0026089537001, received 2024-10-14; the plan years are contiguous.