Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

KENNAMETAL INC.

This Defined Benefit (Pension) plan holds $18M in total assets and serves N/A participants as of 2022. It is sponsored by KENNAMETAL INC. in South Carolina. The plan reported a net loss of $6M for the year.

Total Assets (2023)
$18M
Participants
N/A
Industry
Manufacturing

What the Filing Says About KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES

KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES is a Defined Benefit (Pension) retirement plan sponsored by KENNAMETAL INC., headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $18M in total end-of-year assets and covers N/A participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 250900168, and the plan has been effective since 1954-11-27. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $24M at the beginning of 2022 to $18M at year-end — a decline of 25.2%. Net assets (after liabilities) closed the year at $18M, with reported net income of $-6,005,649 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$24M
Total Assets (End of Year)$18M
Net Assets (End of Year)$18M
Net Income$-6,005,649
Plan TypeDefined Benefit (Pension)
Employer EIN250900168
Plan Effective Date1954-11-27
Filing StatusFILING 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 Defined Benefit (Pension) Plans in South Carolina

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Frequently Asked Questions

How much money is in the KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES?
As of the 2022 Form 5500 filing, KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES holds $18M in total assets with N/A participants. It is sponsored by KENNAMETAL INC..
What type of plan is KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES?
KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES is a Defined Benefit (Pension) plan. It has been effective since 1954-11-27. The plan is filed with the U.S. Department of Labor under EIN 250900168.
Who sponsors the KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES?
KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES is sponsored by KENNAMETAL INC., located in South Carolina. The sponsor's EIN is 250900168 and the plan operates in the Manufacturing industry.
How did KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES perform in 2022?
KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES declined by 25.2% during 2022, moving from $24M to $18M in total assets. Net income was $-6,005,649.
Where can I find official filings for KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES?
Official Form 5500 filings for KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 250900168 or plan name at efast.dol.gov.
How does KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES compare to other plans?
You can compare KENNAMETAL INC. AND UAW INCL. LOC 1059 PENSION PLAN FOR HOURLY RATED PRODUCTION & MAINTENANCE EMPLOYEES against other Defined Benefit (Pension) plans on the plan type page, or view plans in South Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 250900168.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.