Defined Benefit (Pension) · DOL Form 5500 · 2024

The Timken Company Pension Plan

Data updated 2026-08-11

$154M
Total assets
967
Participants
93rd
Percentile by assets
$159,210
Avg per participant
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Official DOL plan name: The Timken-Latrobe-Mpb-Torrington Retirement Plan · Sponsored by The Timken Company · Ohio · Manufacturing

$154M in assets, 967 participants

The Timken Company's The Timken-Latrobe-Mpb-Torrington Retirement Plan reported $154M in total assets and 967 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

  • 93rd percentile by assets (of 123,622 plans)
  • #15,924 in Manufacturing (17,777 peers)

Where The Timken-Latrobe-Mpb-Torrington Retirement Plan sits by assets

The Timken-Latrobe-Mpb-Torrington Retirement Plan sits in the top 10% of all filed plans by assets, $154M for 967 participants (~$159,210/participant), up 0.5% in 2024.

$154M
total plan assets (2024 EOY)
967
covered participants
93rd
percentile by assets (of 123,622 plans)
$159,210
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Timken-Latrobe-Mpb-Torrington Retirement Plan reported net income rose from -$862K in the plan year 2023 filing to $579K in the plan year 2024 filing.
  • The Timken-Latrobe-Mpb-Torrington Retirement Plan reported participants fell from 1,056 in the plan year 2023 filing to 967 in the plan year 2024 filing.
  • The Timken-Latrobe-Mpb-Torrington Retirement Plan end-of-year assets rose from $153M in the plan year 2023 filing to $154M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Ohio
Industry
Manufacturing

The Timken-Latrobe-Mpb-Torrington Retirement Plan vs the 2024 asset distribution

By assets, The Timken-Latrobe-Mpb-Torrington Retirement Plan outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$153M
Net Assets (End of Year)$154M
Net Income$579K
Employer EIN340577130
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Timken Company)

$1.1B$1.2B$1.3B$1.4B$1.5B 202220232024 $1.21B $1.44B ▲ +19.0%
Total plan assets by year, all The Timken Company plans on file
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-Latrobe-Mpb-Torrington Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants

The Timken-Latrobe-Mpb-Torrington Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 -505101520 Total assets ($B) Participants The Timken-Latrobe-M…GE Aerospace Pension…Firstenergy Corp. Ma…American Electric Po…Ohio Operating Engin…Parker Defined Benef…
The Timken-Latrobe-Mpb-Torrington Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare The Timken-Latrobe-Mpb-Torrington Retire… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to The Timken-Latrobe-Mpb-Torrington Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did The Timken-Latrobe-Mpb-Torrington Retirement Plan assets move in 2024? ▼
The Timken-Latrobe-Mpb-Torrington Retirement Plan held essentially flat - up 0.5% during 2024, from $153M to $154M. Reported net income was $579K.
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-Latrobe-Mpb-Torrington Retirement Plan rank by assets among Form 5500 filers? ▼
The Timken-Latrobe-Mpb-Torrington Retirement Plan ranks in the 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to The Timken-Latrobe-Mpb-Torrington Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Fish & Richardson Principals' Cash Balance Plan in MN ($154M, 128 participants).

Next read for The Timken-Latrobe-Mpb-Torrington Retire…

Scale reading

Ways to act on The Timken-Latrobe-Mpb-Torrington Retirement Plan's numbers.

  • By total assets, The Timken-Latrobe-Mpb-Torrington Retirement Plan ranks in the top 10% 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
  • The Timken Company's sponsor-wide assets have grown 18.6% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.