Defined Benefit (Pension) · DOL Form 5500 · 2023

The Timken Company Pension Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
88
Participants Small participant base
81st
Percentile by assets National rank
$387,778
Avg per participant High balance/head
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Official DOL plan name: The Timken Company Pension Plan · Sponsored by The Timken Company · Ohio · Manufacturing

$34M in assets, 88 participants

The Timken Company's The Timken Company Pension Plan reported $34M in total assets and 88 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #13,707 in Manufacturing (18,722 peers)

Where The Timken Company Pension Plan sits by assets

The Timken Company Pension Plan sits in the top quartile of all filed plans by assets, $34M for 88 participants (~$387,778/participant), down 5.4% in 2023.

#13,707
in Manufacturing (18,722 peers)
-5.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Timken Company Pension Plan's outsized position by total assets

The Timken Company Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$34,124,462 Top 19% higher than 81% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Timken Company Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Timken Company Pension Plan is a small filing (88 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Timken Company Pension Plan reported net income rose from -$23M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • The Timken Company Pension Plan reported participants fell from 112 in the plan year 2022 filing to 88 in the plan year 2023 filing.
  • The Timken Company Pension Plan end-of-year assets fell from $36M in the plan year 2022 filing to $34M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 340577130 · The Timken Company PY 2023 · Defined Benefit (Pension)

The Timken Company Pension Plan · $34M · 88 · 81st

  • PHOTO $34M
  • PHOTO 88
  • PHOTO 81st
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Wec Energy Group Retirement Plan for Integrys Holding
  • PHOTO ind #13707

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Ohio →

The Timken Company Pension Plan in the asset neighbourhood

Iron Range Plumbers & Fitters Retirement Income PlanIron Range Plumbers & Fitter…$34MThe Timken Company Pension PlanThe Timken Company Pension P…$34MWec Energy Group Retirement Plan for Integrys HoldingWec Energy Group Retirement …$34MRetirement Plan for Employees of Northern Montana HospitalRetirement Plan for Employee…$34MThe Summit Federal Credit Union Pension PlanThe Summit Federal Credit Un…$34M
End-of-year total assets ($M) among The Timken Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$34M
Net Income-$2M
Employer EIN340577130
Plan Effective Date1950-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Timken Company)

Sponsor-wide plan assets over time

All The Timken Company plans reported in each filing year

Latest sponsor-wide plan assets
$1.4B 18.55499929524902% vs 2022
2024 filing year
$1.1B$1.2B$1.3B$1.4B$1.5B 202220232024 $1.21B $1.44B ▲ +19.0%
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, same state, same plan type, ranked by total assets.

The Timken Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -202468 Total assets ($B) Participants The Timken Company Pension Plan, Total assets ($B): 0.034124462 · Participants: 88The Timken Company Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
The Timken Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare The Timken Company Pension Plan side-by-side with 3 peers →

The Timken Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Wec Energy Group Retirement Plan for Integrys Holding in WI ($34M); by covered participants it is Isabella Bank Corporation Employee Retirement Plan in MI (88 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (88 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Timken Company Pension Plan assets move in 2023? ▼
The Timken Company Pension Plan pulled back noticeably - down 5.4% during 2023, from $36M to $34M. Reported net income was -$2M.
How have The Timken Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Timken Company's sponsor-wide assets grew 18.6%, from $1.2B to $1.4B.
Where does The Timken Company Pension Plan rank by assets among Form 5500 filers? ▼
The Timken Company Pension Plan ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to The Timken Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Wec Energy Group Retirement Plan for Integrys Holding in WI ($34M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Timken Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Isabella Bank Corporation Employee Retirement Plan in MI (88 participants, $7M in assets).

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 340577130.

Read our methodology - how this data is sourced, computed, and verified.

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