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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Timken Co | NYSE:TKR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.32 | 0.36% | 89.49 | 90.67 | 88.88 | 90.48 | 408,980 | 01:00:00 |
|
|
ý
|
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
o
|
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
|
Financial Statements
|
|
Supplemental Schedules
|
|
|
|
Exhibit 23.1 - Consent of Independent Registered Public Accounting Firm - Bober, Markey,
Fedorovich & Company
|
|
Exhibit 23.2 - Consent of Independent Registered Public Accounting Firm - Ernst & Young LLP
|
|
|
December 31,
|
|||||
Assets
|
2015
|
2014
|
||||
Investments, at fair value:
|
|
|
||||
Interest in The Master Trust Agreement for The Timken Company Defined Contribution Plans
|
$
|
896,532,143
|
|
$
|
1,032,983,138
|
|
Receivables:
|
|
|
||||
Contributions receivable from participants
|
1,335,284
|
|
2,638,979
|
|
||
Contributions receivable from The Timken Company
|
2,317,214
|
|
2,921,279
|
|
||
Notes receivable from participants
|
22,149,008
|
|
23,568,264
|
|
||
|
25,801,506
|
|
29,128,522
|
|
||
|
|
|
||||
Total assets reflecting investments at fair value
|
922,333,649
|
|
1,062,111,660
|
|
||
|
|
|
||||
Adjustment from fair value to contract value for interest in The Master Trust Agreement for The Timken Company Defined Contribution Plans relating to fully benefit-responsive investment contracts
|
(607,430
|
)
|
(1,764,987
|
)
|
||
Net assets available for benefits
|
$
|
921,726,219
|
|
$
|
1,060,346,673
|
|
|
|
|
||||
See accompanying notes.
|
|
|
Additions
|
|
||
Interest income on notes receivable from participants
|
$
|
1,015,912
|
|
Participant rollovers
|
1,964,967
|
|
|
Contributions:
|
|
||
Participants
|
27,138,043
|
|
|
The Timken Company
|
21,529,356
|
|
|
|
48,667,399
|
|
|
Total additions
|
51,648,278
|
|
|
|
|
||
Deductions
|
|
||
Investment loss:
|
|
||
Net depreciation from The Master Trust Agreement for The Timken Company
Defined Contribution Plans
|
92,125,914
|
|
|
Benefits paid directly to participants
|
97,183,166
|
|
|
Administrative expenses
|
959,652
|
|
|
Total deductions
|
190,268,732
|
|
|
|
|
||
Net decrease
|
(138,620,454
|
)
|
|
|
|
||
Net assets available for benefits:
|
|
||
Beginning of year
|
1,060,346,673
|
|
|
End of year
|
$
|
921,726,219
|
|
|
|
||
See accompanying notes.
|
|
|
December 31, 2015
|
|||||||||||||||||||||
|
Cash and Cash Equivalents
|
|
Company Stock Funds
|
|
Registered Investment Companies
|
|
Common Collective Funds
|
|
Total Assets
|
|
Plan's Ownership Percentage
|
|||||||||||
Investment, at Fair Value:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
The Timken Company Common Stock Fund
|
$
|
90
|
|
|
$
|
117,471,456
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
117,471,546
|
|
|
98.24
|
%
|
TimkenSteel Common Stock Fund
|
1
|
|
|
11,517,698
|
|
|
—
|
|
|
—
|
|
|
11,517,699
|
|
|
97.97
|
%
|
|||||
American Funds EuroPacific Growth
|
—
|
|
|
—
|
|
|
85,746,776
|
|
|
—
|
|
|
85,746,776
|
|
|
99.27
|
%
|
|||||
American Funds Washington Mutual Investors
|
—
|
|
|
—
|
|
|
26,736,461
|
|
|
—
|
|
|
26,736,461
|
|
|
98.90
|
%
|
|||||
American Beacon Small Cap Value
|
—
|
|
|
—
|
|
|
16,913,911
|
|
|
—
|
|
|
16,913,911
|
|
|
97.86
|
%
|
|||||
Eagle Small Cap Growth
|
—
|
|
|
—
|
|
|
12,513,727
|
|
|
—
|
|
|
12,513,727
|
|
|
97.80
|
%
|
|||||
Vanguard Target Retirement Income
|
—
|
|
|
—
|
|
|
16,855,898
|
|
|
—
|
|
|
16,855,898
|
|
|
92.76
|
%
|
|||||
Vanguard Target Retirement 2015
|
—
|
|
|
—
|
|
|
43,801,786
|
|
|
—
|
|
|
43,801,786
|
|
|
95.41
|
%
|
|||||
Vanguard Target Retirement 2025
|
—
|
|
|
—
|
|
|
40,879,722
|
|
|
—
|
|
|
40,879,722
|
|
|
98.24
|
%
|
|||||
Vanguard Target Retirement 2035
|
—
|
|
|
—
|
|
|
35,885,129
|
|
|
—
|
|
|
35,885,129
|
|
|
98.86
|
%
|
|||||
Vanguard Target Retirement 2045
|
—
|
|
|
—
|
|
|
15,425,679
|
|
|
—
|
|
|
15,425,679
|
|
|
99.25
|
%
|
|||||
Vanguard Target Retirement 2055
|
—
|
|
|
—
|
|
|
851,790
|
|
|
—
|
|
|
851,790
|
|
|
99.03
|
%
|
|||||
Vanguard Target Retirement 2020
|
—
|
|
|
—
|
|
|
17,554,594
|
|
|
—
|
|
|
17,554,594
|
|
|
96.93
|
%
|
|||||
Vanguard Target Retirement 2030
|
—
|
|
|
—
|
|
|
8,308,521
|
|
|
—
|
|
|
8,308,521
|
|
|
92.03
|
%
|
|||||
Vanguard Target Retirement 2040
|
—
|
|
|
—
|
|
|
3,726,655
|
|
|
—
|
|
|
3,726,655
|
|
|
98.54
|
%
|
|||||
Vanguard Target Retirement 2050
|
—
|
|
|
—
|
|
|
3,333,234
|
|
|
—
|
|
|
3,333,234
|
|
|
97.71
|
%
|
|||||
Vanguard Target Retirement 2060
|
—
|
|
|
—
|
|
|
659,076
|
|
|
—
|
|
|
659,076
|
|
|
98.75
|
%
|
|||||
JPMorgan S&P 500 Index
|
—
|
|
|
—
|
|
|
—
|
|
|
7,792,129
|
|
|
7,792,129
|
|
|
0.00
|
%
|
|||||
JPMCB Core Bond
|
—
|
|
|
—
|
|
|
—
|
|
|
85,675,984
|
|
|
85,675,984
|
|
|
97.74
|
%
|
|||||
JPMorgan Equity Index
|
—
|
|
|
—
|
|
|
—
|
|
|
143,784,620
|
|
|
143,784,620
|
|
|
100.00
|
%
|
|||||
Nuveen Winslow Large-Cap Growth
|
—
|
|
|
—
|
|
|
—
|
|
|
57,191,575
|
|
|
57,191,575
|
|
|
97.93
|
%
|
|||||
SSgA Russell 2000-A Index
|
—
|
|
|
—
|
|
|
—
|
|
|
43,004,113
|
|
|
43,004,113
|
|
|
98.43
|
%
|
|||||
|
$
|
91
|
|
|
$
|
128,989,154
|
|
|
$
|
329,192,959
|
|
|
$
|
337,448,421
|
|
|
$
|
795,630,625
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Wells Fargo Stable Value Fund:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Wells Fargo Stable Return
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
3,075,107
|
|
|
$
|
3,075,107
|
|
|
|
|
Wells Fargo Stable Value
|
—
|
|
|
—
|
|
|
—
|
|
|
122,970,956
|
|
|
122,970,956
|
|
|
|
||||||
Adjustment from fair value to contract value
|
—
|
|
|
—
|
|
|
—
|
|
|
(627,095
|
)
|
|
(627,095
|
)
|
|
|
||||||
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
125,418,968
|
|
|
$
|
125,418,968
|
|
|
96.86
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Assets of Master Trust
|
$
|
91
|
|
|
$
|
128,989,154
|
|
|
$
|
329,192,959
|
|
|
$
|
462,867,389
|
|
|
$
|
921,049,593
|
|
|
97.27
|
%
|
|
December 31, 2014
|
|||||||||||||||||||||
|
Cash and Cash Equivalents
|
|
Company Stock
|
|
Registered Investment Companies
|
|
Common Collective Funds
|
|
Total Assets
|
|
Plan's Ownership Percentage
|
|||||||||||
Investment, at Fair Value:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
The Timken Company Common Stock Fund
|
$
|
657,641
|
|
|
$
|
169,394,951
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
170,052,592
|
|
|
98.21
|
%
|
TimkenSteel Common Stock Fund
|
11,108
|
|
|
63,360,126
|
|
|
—
|
|
|
—
|
|
|
63,371,234
|
|
|
98.09
|
%
|
|||||
Morgan Stanley Small Company Growth
|
—
|
|
|
—
|
|
|
14,813,430
|
|
|
—
|
|
|
14,813,430
|
|
|
98.08
|
%
|
|||||
American Funds EuroPacific Growth
|
—
|
|
|
—
|
|
|
86,365,892
|
|
|
—
|
|
|
86,365,892
|
|
|
99.10
|
%
|
|||||
American Funds Washington Mutual Investors
|
—
|
|
|
—
|
|
|
29,056,130
|
|
|
—
|
|
|
29,056,130
|
|
|
98.37
|
%
|
|||||
American Beacon Small Cap Value
|
—
|
|
|
—
|
|
|
19,829,041
|
|
|
—
|
|
|
19,829,041
|
|
|
97.80
|
%
|
|||||
Vanguard Target Retirement Income
|
—
|
|
|
—
|
|
|
18,682,387
|
|
|
—
|
|
|
18,682,387
|
|
|
90.60
|
%
|
|||||
Vanguard Target Retirement 2015
|
—
|
|
|
—
|
|
|
53,853,742
|
|
|
—
|
|
|
53,853,742
|
|
|
95.64
|
%
|
|||||
Vanguard Target Retirement 2025
|
—
|
|
|
—
|
|
|
42,876,841
|
|
|
—
|
|
|
42,876,841
|
|
|
98.45
|
%
|
|||||
Vanguard Target Retirement 2035
|
—
|
|
|
—
|
|
|
35,591,237
|
|
|
—
|
|
|
35,591,237
|
|
|
98.77
|
%
|
|||||
Vanguard Target Retirement 2045
|
—
|
|
|
—
|
|
|
14,860,688
|
|
|
—
|
|
|
14,860,688
|
|
|
99.03
|
%
|
|||||
Vanguard Target Retirement 2020
|
—
|
|
|
—
|
|
|
14,653,078
|
|
|
—
|
|
|
14,653,078
|
|
|
96.50
|
%
|
|||||
Vanguard Target Retirement 2030
|
—
|
|
|
—
|
|
|
10,230,594
|
|
|
—
|
|
|
10,230,594
|
|
|
94.87
|
%
|
|||||
Vanguard Target Retirement 2040
|
—
|
|
|
—
|
|
|
3,273,703
|
|
|
—
|
|
|
3,273,703
|
|
|
96.94
|
%
|
|||||
Vanguard Target Retirement 2050
|
—
|
|
|
—
|
|
|
2,702,181
|
|
|
—
|
|
|
2,702,181
|
|
|
98.75
|
%
|
|||||
JPMorgan S&P 500 Index
|
—
|
|
|
—
|
|
|
—
|
|
|
8,519,545
|
|
|
8,519,545
|
|
|
0.00
|
%
|
|||||
JPMCB Core Bond
|
—
|
|
|
—
|
|
|
—
|
|
|
88,400,086
|
|
|
88,400,086
|
|
|
97.71
|
%
|
|||||
JPMorgan Equity Index
|
—
|
|
|
—
|
|
|
—
|
|
|
149,370,583
|
|
|
149,370,583
|
|
|
100.00
|
%
|
|||||
Nuveen Winslow Large-Cap Growth
|
—
|
|
|
—
|
|
|
—
|
|
|
56,696,153
|
|
|
56,696,153
|
|
|
98.14
|
%
|
|||||
SSgA Russell 2000-A Index
|
—
|
|
|
—
|
|
|
—
|
|
|
47,039,238
|
|
|
47,039,238
|
|
|
98.40
|
%
|
|||||
|
$
|
668,749
|
|
|
$
|
232,755,077
|
|
|
$
|
346,788,944
|
|
|
$
|
350,025,605
|
|
|
$
|
930,238,375
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Wells Fargo Stable Value Fund:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Wells Fargo Stable Return
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
3,264,205
|
|
|
$
|
3,264,205
|
|
|
|
|
Wells Fargo Stable Value
|
—
|
|
|
—
|
|
|
—
|
|
|
128,802,600
|
|
|
128,802,600
|
|
|
|
||||||
Adjustment from fair value to contract value
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,823,408
|
)
|
|
(1,823,408
|
)
|
|
|
||||||
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
130,243,397
|
|
|
$
|
130,243,397
|
|
|
96.80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Assets of Master Trust
|
$
|
668,749
|
|
|
$
|
232,755,077
|
|
|
$
|
346,788,944
|
|
|
$
|
480,269,002
|
|
|
$
|
1,060,481,772
|
|
|
97.24
|
%
|
|
Year Ended
December 31, 2015 |
||
|
|
||
Net transfers (contributions, transfers and benefit payments for the participating plans)
|
$
|
(44,744,705
|
)
|
Net appreciation (depreciation) in fair value of instruments:
|
|
||
Company stock funds
|
(100,999,887
|
)
|
|
Registered investment companies
|
(11,992,635
|
)
|
|
Common collective funds
|
6,410,476
|
|
|
|
(151,326,751
|
)
|
|
|
|
||
Interest
|
1,550
|
|
|
Dividends
|
12,856,400
|
|
|
|
12,857,950
|
|
|
|
|
||
Total investment loss (net of transfers)
|
(138,468,801
|
)
|
|
Administrative expenses
|
(963,378
|
)
|
|
Net decrease
|
(139,432,179
|
)
|
|
Net assets:
|
|
||
Beginning of the year
|
1,060,481,772
|
|
|
End of the year
|
$
|
921,049,593
|
|
|
Assets at Fair Value as of
|
||||||||||||||
|
December 31, 2015
|
||||||||||||||
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Cash and Cash Equivalents:
|
|
|
|
|
|
|
|
||||||||
JPMorgan US Government Money Market
|
$
|
91
|
|
|
$
|
—
|
|
|
$
|
91
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
||||||||
Company Stock:
|
|
|
|
|
|
|
|
||||||||
The Timken Company Common Stock
|
117,471,456
|
|
|
117,471,456
|
|
|
—
|
|
|
—
|
|
||||
TimkenSteel Common Stock
|
11,517,698
|
|
|
11,517,698
|
|
|
—
|
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Registered Investment Companies:
|
|
|
|
|
|
|
|
||||||||
American Funds EuroPacific Growth
|
85,746,776
|
|
|
85,746,776
|
|
|
—
|
|
|
—
|
|
||||
American Funds Washington Mutual Investors
|
26,736,461
|
|
|
26,736,461
|
|
|
—
|
|
|
—
|
|
||||
American Beacon Small Cap Value
|
16,913,911
|
|
|
16,913,911
|
|
|
—
|
|
|
—
|
|
||||
Eagle Small Cap Growth
|
12,513,727
|
|
|
12,513,727
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement Income
|
16,855,898
|
|
|
16,855,898
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2015
|
43,801,786
|
|
|
43,801,786
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2020
|
17,554,594
|
|
|
17,554,594
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2025
|
40,879,722
|
|
|
40,879,722
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2030
|
8,308,521
|
|
|
8,308,521
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2035
|
35,885,129
|
|
|
35,885,129
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2040
|
3,726,655
|
|
|
3,726,655
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2045
|
15,425,679
|
|
|
15,425,679
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2050
|
3,333,234
|
|
|
3,333,234
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2055
|
851,790
|
|
|
851,790
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2060
|
659,076
|
|
|
659,076
|
|
|
—
|
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Common Collective Funds:
|
|
|
|
|
|
|
|
||||||||
JPMorgan S&P 500 Index
|
7,792,129
|
|
|
—
|
|
|
7,792,129
|
|
|
—
|
|
||||
SSgA Russell 2000-A Index
|
43,004,113
|
|
|
—
|
|
|
43,004,113
|
|
|
—
|
|
||||
JPMorgan Equity Index
|
143,784,620
|
|
|
—
|
|
|
143,784,620
|
|
|
—
|
|
||||
Nuveen Winslow Large-Cap Growth
|
57,191,575
|
|
|
—
|
|
|
57,191,575
|
|
|
—
|
|
||||
JPMCB Core Bond
|
85,675,984
|
|
|
—
|
|
|
85,675,984
|
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Wells Fargo Stable Value Fund:
|
|
|
|
|
|
|
|
||||||||
Common Collective Funds:
|
|
|
|
|
|
|
|
||||||||
Wells Fargo Stable Return
|
3,075,107
|
|
|
—
|
|
|
3,075,107
|
|
|
—
|
|
||||
Wells Fargo Stable Value
|
122,970,956
|
|
|
—
|
|
|
122,970,956
|
|
|
—
|
|
||||
Total assets
|
$
|
921,676,688
|
|
|
$
|
458,182,113
|
|
|
$
|
463,494,575
|
|
|
$
|
—
|
|
|
Assets at Fair Value as of
|
||||||||||||||
|
December 31, 2014
|
||||||||||||||
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Cash and Cash Equivalents:
|
|
|
|
|
|
|
|
||||||||
JPMorgan US Government Money Market
|
$
|
668,749
|
|
|
$
|
—
|
|
|
$
|
668,749
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
||||||||
Company Stock:
|
|
|
|
|
|
|
|
||||||||
The Timken Company Common Stock
|
169,394,951
|
|
|
169,394,951
|
|
|
—
|
|
|
—
|
|
||||
TimkenSteel Common Stock
|
63,360,126
|
|
|
63,360,126
|
|
|
—
|
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Registered Investment Companies:
|
|
|
|
|
|
|
|
||||||||
Morgan Stanley Small Company Growth
|
14,813,430
|
|
|
14,813,430
|
|
|
—
|
|
|
—
|
|
||||
American Funds EuroPacific Growth
|
86,365,892
|
|
|
86,365,892
|
|
|
—
|
|
|
—
|
|
||||
American Funds Washington Mutual Investors
|
29,056,130
|
|
|
29,056,130
|
|
|
—
|
|
|
—
|
|
||||
American Beacon Small Cap Value
|
19,829,041
|
|
|
19,829,041
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement Income
|
18,682,387
|
|
|
18,682,387
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2015
|
53,853,742
|
|
|
53,853,742
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2020
|
14,653,078
|
|
|
14,653,078
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2025
|
42,876,841
|
|
|
42,876,841
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2030
|
10,230,594
|
|
|
10,230,594
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2035
|
35,591,237
|
|
|
35,591,237
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2040
|
3,273,703
|
|
|
3,273,703
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2045
|
14,860,688
|
|
|
14,860,688
|
|
|
—
|
|
|
—
|
|
||||
Vanguard Target Retirement 2050
|
2,702,181
|
|
|
2,702,181
|
|
|
—
|
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Common Collective Funds:
|
|
|
|
|
|
|
|
||||||||
JPMorgan S&P 500 Index
|
8,519,545
|
|
|
—
|
|
|
8,519,545
|
|
|
|
|||||
SSgA Russell 2000-A Index
|
47,039,238
|
|
|
—
|
|
|
47,039,238
|
|
|
—
|
|
||||
JPMorgan Equity Index
|
149,370,583
|
|
|
—
|
|
|
149,370,583
|
|
|
—
|
|
||||
Nuveen Winslow Large-Cap Growth
|
56,696,153
|
|
|
—
|
|
|
56,696,153
|
|
|
—
|
|
||||
JPMCB Core Bond
|
88,400,086
|
|
|
—
|
|
|
88,400,086
|
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Wells Fargo Stable Value Fund:
|
|
|
|
|
|
|
|
||||||||
Common Collective Funds:
|
|
|
|
|
|
|
|
||||||||
Wells Fargo Stable Return
|
3,264,205
|
|
|
—
|
|
|
3,264,205
|
|
|
—
|
|
||||
Wells Fargo Stable Value
|
128,802,600
|
|
|
—
|
|
|
128,802,600
|
|
|
—
|
|
||||
Total assets
|
$
|
1,062,305,180
|
|
|
$
|
579,544,021
|
|
|
$
|
482,761,159
|
|
|
$
|
—
|
|
December 31, 2015
|
|
Fair Value
|
|
Redemption Unfunded Commitments
|
|
Redemption Frequency
|
|
Redemption Notice Period
|
||
JPMorgan S&P 500 Index
|
|
$
|
7,792,129
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
JPMCB Core Bond
|
|
$
|
85,675,984
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
SSgA Russell 2000-A Index
|
|
$
|
43,004,113
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
JPMorgan Equity Index
|
|
$
|
143,784,620
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day + 1 day
|
Nuveen Winslow Large-Cap Growth
|
|
$
|
57,191,575
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
Wells Fargo Stable Return
|
|
$
|
3,075,107
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
Wells Fargo Stable Value
|
|
$
|
122,970,956
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
December 31, 2014
|
|
Fair Value
|
|
Redemption Unfunded Commitments
|
|
Redemption Frequency
|
|
Redemption Notice Period
|
||
JPMorgan S&P 500 Index
|
|
$
|
8,519,545
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
JPMCB Core Bond
|
|
$
|
88,400,086
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
SSgA Russell 2000-A Index
|
|
$
|
47,039,238
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
JPMorgan Equity Index
|
|
$
|
149,370,583
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day + 1 day
|
Nuveen Winslow Large-Cap Growth
|
|
$
|
56,696,153
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
Wells Fargo Stable Return
|
|
$
|
3,264,205
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
Wells Fargo Stable Value
|
|
$
|
128,802,600
|
|
|
Not applicable
|
|
Daily
|
|
Trade Day
|
|
December 31,
|
||||||
|
2015
|
|
2014
|
||||
Investments, at fair value:
|
|
|
|
||||
Interest in Master Trust related to The Timken Company Common Stock Fund and the TimkenSteel Common Stock Fund
|
$
|
126,683,730
|
|
|
$
|
229,172,474
|
|
|
Year Ended
|
||
|
December 31, 2015
|
||
Change in net assets:
|
|
||
Net depreciation in fair value of investments
|
$
|
(99,156,947
|
)
|
Dividends
|
4,764,617
|
|
|
Contributions
|
10,578,309
|
|
|
Benefits paid directly to participants
|
(13,055,593
|
)
|
|
Administrative expenses
|
(93,826
|
)
|
|
Transfers to participant-directed accounts (net)
|
(5,525,304
|
)
|
|
|
$
|
(102,488,744
|
)
|
|
December 31, 2015
|
|
|
December 31, 2014
|
|
||
Net assets available for Benefits per the financial statements
|
$
|
921,726,219
|
|
|
$
|
1,060,346,673
|
|
Adjustments from contract value to fair value for fully benefit-responsive investment contracts
|
607,430
|
|
|
1,764,987
|
|
||
Net assets available for benefits per the Form 5500
|
$
|
922,333,649
|
|
|
$
|
1,062,111,660
|
|
|
December 31, 2015
|
||
Total net decrease per the financial statements
|
$
|
(138,620,454
|
)
|
Less: Adjustment from fair value to contract value for fully benefit-responsive investment contracts at December 31, 2014
|
(1,764,987
|
)
|
|
Add: Adjustment from fair value to contract value for fully benefit-responsive investment contracts at December 31, 2015
|
607,430
|
|
|
Total loss per the Form 5500
|
$
|
(139,778,011
|
)
|
|
Dollars
|
||
Purchased
|
$
|
14,266,486
|
|
Issued to participants for payment of benefits
|
$
|
6,401,366
|
|
Participant Contributions Transferred Late to Plan
|
|
Total that Constitutes Nonexempt Prohibited Transactions
|
|
||||||||||||||||
Check here if Late Participant Loan Repayments are Included:
ý
|
|
Contributions Not Corrected
|
|
Contributions Corrected Outside VFCP
|
|
Contributions Pending Correction in VFCP
|
|
Total Fully Corrected Under VFCP and PTE 2002-51
|
|
||||||||||
$
|
26,791.33
|
|
|
$
|
—
|
|
|
$
|
26,791.33
|
|
(1)
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
36,971.42
|
|
|
$
|
—
|
|
|
$
|
36,971.42
|
|
(2)
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
25,526.43
|
|
|
$
|
—
|
|
|
$
|
25,526.43
|
|
(3)
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
63.67
|
|
|
$
|
—
|
|
|
$
|
63.67
|
|
(4)
|
$
|
—
|
|
|
$
|
—
|
|
|
(1)
|
Represents delinquent participant contributions and lost earnings for various pay periods in 2014.
|
(2)
|
Represents delinquent participant contributions and lost earnings associated with annual performance award in March, 2014.
|
(3)
|
Represents delinquent loan repayments and lost earnings for various pay periods in 2014.
|
(4)
|
Represents delinquent loan repayments for June 15, 2015 pay period.
|
Identity of Issuer, Borrower, Lessor, or
Similar Party
|
|
Description of Investment,
Including Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value
|
|
Cost
|
|
Current Value
|
||||
Participant notes receivable*
|
|
Interest rates ranging from 4.25% to 11.00% with various maturity dates
|
|
$
|
—
|
|
|
$
|
22,149,008
|
|
|
|
|
|
|
THE TIMKEN COMPANY SAVINGS AND INVESTMENT PENSION PLAN
|
|
|
|
|
|
|
Date: June 17, 2016
|
By:
|
/s/ J. Ted Mihaila
|
|
|
J. Ted Mihaila
|
|
|
Senior Vice President and Controller
|
1 Year Timken Chart |
1 Month Timken Chart |
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