Defined Benefit (Pension) · DOL Form 5500 · 2022
Timkensteel Corporation Pension Plan
Data updated 2026-08-11
- $354M
- Total assets
- 1,384
- Participants
- 97th
- Percentile by assets
- $255,642
- Avg per participant
Official DOL plan name: Timkensteel Corporation Bargaining Unit Pension Plan · Sponsored by Timkensteel Corporation · Ohio · Manufacturing
$354M in assets, 1,384 participants
Timkensteel Corporation's Timkensteel Corporation Bargaining Unit Pension Plan reported $354M in total assets and 1,384 participants in its 2022 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 97th percentile by assets (of 139,126 plans)
- #19,650 in Manufacturing (20,602 peers)
Where Timkensteel Corporation Bargaining Unit Pension Plan sits by assets
Timkensteel Corporation Bargaining Unit Pension Plan sits in the top 5% of all filed plans by assets, $354M for 1,384 participants (~$255,642/participant), down 59.0% in 2022.
- $354M
- total plan assets (2022 EOY)
- 1,384
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $255,642
- avg assets per participant
The plan reported a net loss of $508M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Timkensteel Corporation Bargaining Unit Pension Plan vs the 2022 asset distribution
By assets, Timkensteel Corporation Bargaining Unit Pension Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $863M |
|---|---|
| Net Assets (End of Year) | $353M |
| Net Income | -$508M |
| Employer EIN | 464024951 |
| Plan Effective Date | 2014-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Timkensteel Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 3,439 | $810M |
| 2023 | 5 | 2,968 | $827M |
| 2024 | 5 | 2,992 | $754M |
Nearby Defined Benefit (Pension) Plans in Ohio
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Timkensteel Corporation Bargaining Unit Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
- Firstenergy Corp. Master Pension Plan $7.6B · 12,346
- Nationwide Retirement Plan $5.0B · 22,597
- American Electric Power System Retirement Plan $4.5B · 15,837
- Ohio Operating Engineers Pension Plan $3.4B · 9,749
- Laborers District Council & Contractors Pension Fund of Ohio $2.6B · 13,583
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Timkensteel Corporation Bargaining Unit Pension Plan by total assets, not by location.
- New Century Energies Inc Retirement Plan for Southwestern Public Service Co Bargaining Unit Ees and Former Non-Bargaining Unit Employees (MN) $353M · 851
- Essential Utilities, Inc. Pension Plan (PA) $353M · 701
- Lexmark Retirement Growth Account Plan (KY) $352M · 671
- The Hospital for Special Surgery Retirement Plan (NY) $352M · 1,247
Frequently Asked Questions
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Scale reading
Ways to act on Timkensteel Corporation Bargaining Unit Pension Plan's numbers.
- By total assets, Timkensteel Corporation Bargaining Unit Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
- Timkensteel Corporation's sponsor-wide assets have declined 6.9% since 2022 across 3 plan years on file. More Manufacturing plans