Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

The Timken Company Pension Plan

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by The Timken Company ยท Ohio ยท Manufacturing

What the 2023 filing shows

The Timken Company Pension Plan holds $36M for 112 participants - about $321,997 per participant, down 38.5% over the 2022 plan year.

$36M
total plan assets (2022 EOY)
112
covered participants
$321,997
avg assets per participant
-38.5%
assets change YoY

The plan reported a net loss of $23M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$36M
Participants
112
State
Industry
Manufacturing

What the Filing Says About The Timken Company Pension Plan

The Timken Company Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by The Timken Company, headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $36M in total end-of-year assets and covers 112 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 340577130, and the plan has been effective since 1950-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $59M at the beginning of 2022 to $36M at year-end โ€” a decline of 38.5%. Net assets (after liabilities) closed the year at $36M, with reported net income of $-22,593,820 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$59M
Total Assets (End of Year)$36M
Net Assets (End of Year)$36M
Net Income$-22,593,820
Plan TypeDefined Benefit (Pension)
Employer EIN340577130
Plan Effective Date1950-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Timken Company)

Year Plans Participants Total Assets
2022 5 7,634 $1.2B
2023 4 7,369 $1.3B
2024 4 7,640 $1.4B

Nearby Defined Benefit (Pension) Plans in Ohio

Peer Defined Benefit (Pension) plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the The Timken Company Pension Plan?
As of the 2022 Form 5500 filing, The Timken Company Pension Plan holds $36M in total assets with 112 participants. It is sponsored by The Timken Company.
What type of plan is The Timken Company Pension Plan?
The Timken Company Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1950-01-01. The plan is filed with the U.S. Department of Labor under EIN 340577130.
Who sponsors the The Timken Company Pension Plan?
The Timken Company Pension Plan is sponsored by The Timken Company, located in Ohio. The sponsor's EIN is 340577130 and the plan operates in the Manufacturing industry.
How did The Timken Company Pension Plan perform in 2022?
The Timken Company Pension Plan declined by 38.5% during 2022, moving from $59M to $36M in total assets. Net income was $-22,593,820.
Where can I find official filings for The Timken Company Pension Plan?
Official Form 5500 filings for The Timken Company Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 340577130 or plan name at efast.dol.gov.
How does The Timken Company Pension Plan compare to other plans?
You can compare The Timken Company Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Ohio on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) โ€” original filing retrieval by EIN 340577130.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.