401(k) · DOL Form 5500 · 2023
The Timken Company 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 6,144
- Participants
- 99th
- Percentile by assets
- $181,239
- Avg per participant
Official DOL plan name: The Timken Company Savings and Investment Retirement Plan · Sponsored by The Timken Company · Ohio · Manufacturing
$1.1B in assets, 6,144 participants
The Timken Company's The Timken Company Savings and Investment Retirement Plan reported $1.1B in total assets and 6,144 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #18,305 in Manufacturing (18,722 peers)
Coverage in Ohio
The Timken Company Savings and Investment Retirement Plan covers 6,144 participants in Ohio, 8.0x the typical Ohio plan (state average ~765 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2023 EOY)
- 6,144
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $181,239
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Timken Company Savings and Investment Retirement Plan reported net income rose from -$254M in the plan year 2022 filing to $115M in the plan year 2023 filing.
- The Timken Company Savings and Investment Retirement Plan end-of-year assets rose from $998M in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
- The Timken Company Savings and Investment Retirement Plan reported participants rose from 5,980 in the plan year 2022 filing to 6,144 in the plan year 2023 filing.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. The Timken Company Savings and Investment Retirement Plan reports 6,144 participants - 8.0x that state average ($1.1B EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $998M |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $115M |
| Employer EIN | 340577130 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING 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 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Timken Company Savings and Investment Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- GE Retirement Savings Plan $19.5B · 59,766
- The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
- The Progressive 401(k) Plan $9.2B · 56,176
- The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
- Nationwide Savings Plan $7.6B · 24,715
Scale composition for The Timken Company Savings and Investment Retirement Plan
The Timken Company Savings and Investment Retirement Plan reports $1.1B in end-of-year assets across 6,144 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $181,239 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2023 was $115M.
This plan identity (EIN 340577130, plan #011) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $998M to $1.2B (+23.2%) while covered participants moved from 5,980 to 6,521 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,980 | $998M | Open filing |
| 2023 | 6,144 | $1.1B | This page |
| 2024 · index core | 6,521 | $1.2B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- The Timken Company Savings and Investment Retirement Plan (401(k), $1.2B, 6,521 participants)
- The Timken-Latrobe-Mpb-Torrington Retirement Plan (Defined Benefit (Pension), $154M, 967 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Timken Company Savings and Investment Retirement Plan by total assets, not by location.
- Rollins 401(k) Savings Plan (GA) $1.1B · 12,732
- Flowserve Corporation Retirement Savings Plan (TX) $1.1B · 4,566
- Bimbo Bakeries USA Savings Plan (PA) $1.1B · 6,870
- Electrical Workers Local No. 292 Defined Contribution and 401(k) Plan (MN) $1.1B · 5,480
Frequently Asked Questions
How did The Timken Company Savings and Investment Retirement Plan assets move in 2023? ▼
How have The Timken Company plan assets changed over time? ▼
Where does The Timken Company Savings and Investment Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Timken Company Savings and Investment Retirement Plan? ▼
Next read for The Timken Company Savings and Investmen…
Filing takeaways
Ways to act on The Timken Company Savings and Investment Retirement Plan's numbers.
- By total assets, The Timken Company Savings and Investment Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- The Timken Company's sponsor-wide assets have grown 18.6% since 2022 across 3 plan years on file. More Manufacturing plans