The Timken Companybenefits

The Timken Company's benefits plans covered 6,065 active participants in 2024, providing health · dental · vision · death benefits. Insurance brokers and agents were paid $425,386 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 39% from $696,505 in 2023.