A lock nut system includes a nut, a keeper engagement with the nut to inhibit movement of the keeper relative to the nut, and a keeper retaining member. The keeper has a radially inner side configured to engage a shaft to inhibit rotational movement of the nut relative to the shaft when the keeper engages the nut and a radially inner side engages the shaft. The keeper retaining member is secured to the keeper and is engageable with the nut to hold a keeper axially such that keeper is engaged with the nut. A cover member is located on an opposite side of the keeper retaining member relative to the nut and engaged to the keeper retaining member to inhibit a separation of the cover member from the keeper retaining member in such that that the separation of the cover member from the keeper retaining member provides a visual indication to a user.