Abstract: The present invention provides a retainer comprising a substantially planar support member having an opening therein designed to receive an annular member such as a bearing. Around the opening a plurality of slits are formed extending generally radially outwardly from the opening to form a plurality of retainer lips. The retainer lips are bent out of the plane of the support member such that the retainer will receive and fixedly engage the bearing in a snap fit. Bearing guides and steps may be used in aligning the bearing in the retainer.