Defined Benefit (Pension) · DOL Form 5500 · 2022

Kennametal Inc. Pension Plan

Data updated 2026-08-11

$18M
Total assets
N/A
Participants
75th
Percentile by assets
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Official DOL plan name: Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees · Sponsored by Kennametal Inc. · South Carolina · Manufacturing

$18M in assets, N/A participants

Kennametal Inc.'s Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees reported $18M in total assets and N/A participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • 75th percentile by assets (of 139,126 plans)
  • #13,561 in Manufacturing (20,602 peers)

Where Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees sits by assets

Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees sits in the top quartile of all filed plans by assets, $18M for N/A participants, down 25.2% in 2022.

$18M
total plan assets (2022 EOY)
N/A
covered participants
75th
percentile by assets (of 139,126 plans)
-25.2%
assets change YoY

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees sits by total assets

Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$17,826,380 Top 25% higher than 75% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
South Carolina
Industry
Manufacturing

Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees vs the 2022 asset distribution

By assets, Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees outranks 75% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.2x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$18M
Net Income-$6M
Employer EIN250900168
Plan Effective Date1954-11-27
Filing StatusFILING RECEIVED

Sponsor Plan History (Kennametal Inc.)

$1.08B$1.1B$1.12B$1.14B$1.16B 202220232024 $1.09B $1.13B ▲ +3.7%
Total plan assets by year, all Kennametal Inc. plans on file
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

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -101234 Total assets ($B) Participants Kennametal Inc. and …, Total assets ($B): 0.01782638 · Participants: 0Kennametal Inc. and …The Savannah River N…, Total assets ($B): 3.719675199 · Participants: 2366The Savannah River N…Michelin Retirement …, Total assets ($B): 2.082777357 · Participants: 4145Michelin Retirement …Non-Contributory Ret…, Total assets ($B): 1.161191922 · Participants: 4649Non-Contributory Ret…Kennametal Inc. Reti…, Total assets ($B): 0.534650277 · Participants: 619Kennametal Inc. Reti…Waterfront Employers…, Total assets ($B): 0.439607531 · Participants: 1720Waterfront Employers…
Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants
Compare Kennametal Inc. and UAW Incl. Loc 1059 P… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees by total assets, not by location.

Frequently Asked Questions

How did Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees assets move in 2022? ▼
Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees declined sharply - down 25.2% during 2022, from $24M to $18M. Reported net income was -$6M.
How have Kennametal Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kennametal Inc.'s sponsor-wide assets grew 4.3%, from $1.1B to $1.1B.
Where does Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees rank by assets among Form 5500 filers? ▼
Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees ranks in the 75th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Alinabal, Inc. Retirement Plan in CT ($18M, 77 participants).

Next read for Kennametal Inc. and UAW Incl. Loc 1059 P…

Scale reading

Ways to act on Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees's numbers.

  • By total assets, Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.