Retirement plan

THE TIMKEN COMPANY VOLUNTARY INVESTMENT PENSION PLAN

Name: THE TIMKEN COMPANY - THE TIMKEN COMPANY VOLUNTARY INVESTMENT PENSION PLAN (2016) Form 5500
Creator: THE TIMKEN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TIMKEN COMPANY VOLUNTARY INVESTMENT PENSION PLAN, THE TIMKEN COMPANY

THE TIMKEN COMPANYEIN 34-0577130Plan #019PY 2016

4500 MOUNT PLEASANT STREET, NW - NORTH CANTON, OH 44720234-262-3000timken.comLinkedIn10001+ employeesmechanical or industrial engineering

Other plans on this EIN

4 filings

#011Retirement-$963.2M assets #020Retirement-$455.6M assets #001Retirement-$59.9M assets #022Retirement-$5.7M assets

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed April 8, 2021 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

4500 Mount Pleasant St NW

North Canton, OH 44720

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Plans declared (2)

International Retirement Benefit Plan5 emp
Supplemental Pension Plan of the Timken Company113 emp

Total covered: 118 employees

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Total assets (EOY)

$21.2M

-4.9% from 2016

Total participants

250

+45.6% from 2016

Average account balance

$91,878

-19.3% from 2016

Annual return

10.85%

-16.87 pp from 2016

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$20.47M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$174K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

118

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

71.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$126K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 15 · EIN 84-0467907	Recordkeeping	$1,246

Plan features & details

Pension benefit codes2E2F2G2I2J2O2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1K

$10 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOBER, MARKEY, FEDOROVICH & COMPANY
Auditor EIN: 341523030
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,878

$60,165+52.7%

$74,184+23.9%

$55,167+66.5%

Participation rate

85.4%

74.2%+11.2pp

76.6%+8.8pp

69.0%+16.4pp

Annual return

10.85%

10.00%+0.9pp

17.74%-6.9pp

169.23%-158.4pp

Employer contribution / active EE

$1,600-100.0%

$2,370-100.0%

$1,963-100.0%

Participant deferral / active EE

$2,143

$2,973-27.9%

$3,550-39.6%

$3,054-29.8%

Admin fee / account holder

$419-98.7%

$5,586-99.9%

$504-98.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 15 · EIN 84-0467907

Recordkeeping

$1,246

THE TIMKEN COMPANY VOLUNTARY INVESTMENT PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TIMKEN COMPANY VOLUNTARY INVESTMENT PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion