Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates

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

Sponsored by Ggb, LLC · New Jersey · Manufacturing

What the 2023 filing shows

The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates holds $7M for 160 participants — about $42,592 per participant, up 8477.5% over the 2023 plan year.

$7M
total plan assets (2023 EOY)
160
covered participants
$42,592
avg assets per participant
+8477.5%
assets growth YoY
Total Assets (2023)
$7M
Participants
160
State
Industry
Manufacturing

What the Filing Says About The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates

The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates is a Profit Sharing retirement plan sponsored by Ggb, LLC, headquartered in New Jersey. As of the 2023 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 160 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 223661977, and the plan has been effective since 2022-12-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $79K at the beginning of 2023 to $7M at year-end — a gain of 8477.5%. Net assets (after liabilities) closed the year at $7M, with reported net income of $7M 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 — 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)$79K
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$7M
Plan TypeProfit Sharing
Employer EIN223661977
Plan Effective Date2022-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ggb, LLC)

Year Plans Participants Total Assets
2022 1 N/A $79K
2023 1 160 $7M
2024 1 173 $8M

Nearby Profit Sharing Plans in New Jersey

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Frequently Asked Questions

How much money is in the The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates?
As of the 2023 Form 5500 filing, The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates holds $7M in total assets with 160 participants. It is sponsored by Ggb, LLC.
What type of plan is The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates?
The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates is a Profit Sharing plan. It has been effective since 2022-12-01. The plan is filed with the U.S. Department of Labor under EIN 223661977.
Who sponsors the The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates?
The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates is sponsored by Ggb, LLC, located in New Jersey. The sponsor's EIN is 223661977 and the plan operates in the Manufacturing industry.
How did The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates perform in 2023?
The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates grew by 8477.5% during 2023, moving from $79K to $7M in total assets. Net income was $7M.
Where can I find official filings for The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates?
Official Form 5500 filings for The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 223661977 or plan name at efast.dol.gov.
How does The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates compare to other plans?
You can compare The Timken Ggb Savings and Investment Retirement Plan for Bargaining Associates against other Profit Sharing plans on the plan type page, or view plans in New Jersey 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 223661977.

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

Reference: IRS Publication 590-B — 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.