Timken Company Employees Pension Plan
corporate plan · Timken Company · Tucson, AZ
ACTIVEPBGC Covered
B
Pension Health Score
74/100
Funding Status70% Funded
0%80% threshold100%
$2.9B
Total Assets
$4.2B
Total Liabilities
$1.3B
Unfunded Liability
48,170
Participants
Funding History
What This Means for You
Timken Company Employees Pension Plan is in good financial health at 70% funded. This means for every dollar the plan owes in future benefits, it has 70 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $2.9B | $4.2B | 69.5% | $224.4M |
| 2024 | $2.8B | $4.2B | 67.9% | $181.6M |
| 2023 | $2.8B | $4.1B | 68.2% | $206.9M |
| 2022 | $2.6B | $3.5B | 74.6% | $238.7M |
| 2021 | $2.5B | $4.0B | 61.9% | $191.1M |