THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES
Plan Contact
- Address: 4500 MOUNT PLEASANT ST NW,CANTON,OH
- Contact person: CHRISTOPHER VANNATTA
- Phone: (234) 262-4724
Plan General Information
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is $4,123,334.00.This plan was established in 2008.
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is 112
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is $36,815.00
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is $2,419.00.
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is approximately $1,082.00
Investing in this additonal $1,082.00 for 20 years would give you extra $69,294.00, assuming a 10% annual return.
Investing in this additonal $1,082.00 for 20 years would give you extra $69,294.00, assuming a 10% annual return.
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Total Employer Contribution and Match Rate
In 2023, THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES allocates $121,266.00 to match its employees' contributions, providing an employer match rate of 49.14% of their contributions
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is 26.41%.
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is 17.80%. This measures the effectiveness of the plan participants' investments in the year.
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES Expense Ratio
In 2023, the investment and administrative expense ratio of THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES is 0.10%.
Enrollment Features
THE TIMKEN CONE DRIVE SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAININING ASSOCIATES has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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