401(k) · DOL Form 5500 · 2022
Kennametal Inc. 401(k) Plan
Data updated 2026-08-11
- $523M
- Total assets
- 2,667
- Participants
- 98th
- Percentile by assets
- $196,258
- Avg per participant
Official DOL plan name: Kennametal Thrift Plus Plan · Sponsored by Kennametal Inc. · South Carolina · Manufacturing
$523M in assets, 2,667 participants
Kennametal Inc.'s Kennametal Thrift Plus Plan reported $523M in total assets and 2,667 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 139,126 plans)
- #19,898 in Manufacturing (20,602 peers)
Coverage in South Carolina
Kennametal Thrift Plus Plan covers 2,667 participants in South Carolina, 7.2x the typical South Carolina plan (state average ~369 per filing). Assets: $523M.
- $523M
- total plan assets (2022 EOY)
- 2,667
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $196,258
- avg assets per participant
The plan reported a net loss of $132M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Kennametal Thrift Plus Plan reports 2,667 participants - 7.2x that state average ($523M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $655M |
|---|---|
| Net Assets (End of Year) | $523M |
| Net Income | -$132M |
| Employer EIN | 250900168 |
| Plan Effective Date | 1977-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Kennametal Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 3,364 | $1.1B |
| 2023 | 4 | 3,416 | $1.1B |
| 2024 | 4 | 3,194 | $1.1B |
Nearby 401(k) Plans in South Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Kennametal Thrift Plus Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
- Michelin 401(k) Savings Plan $3.6B · 13,708
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.2B · 7,829
- Sonoco Retirement & Savings Plan $1.2B · 9,714
- The Milliken Retirement Plan $1.2B · 6,185
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.1B · 11,881
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Kennametal Thrift Plus Plan by total assets, not by location.
- Tk Elevator Retirement Savings Plan (GA) $524M · 3,810
- Hilti Retirement Savings Plan (OK) $523M · 3,296
- Davis Polk Partners/Staff Savings Plan (NY) $523M · 987
- The Aes Corporation Retirement Savings Plan (VA) $524M · 1,680
Frequently Asked Questions
How did Kennametal Thrift Plus Plan assets move in 2022? ▼
How have Kennametal Inc. plan assets changed over time? ▼
Where does Kennametal Thrift Plus Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Kennametal Thrift Plus Plan? ▼
Next read for Kennametal Thrift Plus Plan
Filing takeaways
Ways to act on Kennametal Thrift Plus Plan's numbers.
- By total assets, Kennametal Thrift Plus Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in South Carolina. Compare plans
- Kennametal Inc.'s sponsor-wide assets have grown 4.3% since 2022 across 3 plan years on file. More Manufacturing plans