401(k) · DOL Form 5500 · 2023
Kennametal Inc. 401(k) Plan
Data updated 2026-08-11
- $572M
- Total assets
- 2,781
- Participants
- 98th
- Percentile by assets
- $205,727
- Avg per participant
Official DOL plan name: Kennametal Thrift Plus Plan · Sponsored by Kennametal Inc. · South Carolina · Manufacturing
$572M in assets, 2,781 participants
Kennametal Inc.'s Kennametal Thrift Plus Plan reported $572M in total assets and 2,781 participants in its 2023 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 127,072 plans)
- #18,015 in Manufacturing (18,722 peers)
Coverage in South Carolina
Kennametal Thrift Plus Plan covers 2,781 participants in South Carolina, 7.5x the typical South Carolina plan (state average ~369 per filing). Assets: $572M.
- $572M
- total plan assets (2023 EOY)
- 2,781
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $205,727
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Kennametal Thrift Plus Plan reported net income rose from -$132M in the plan year 2022 filing to $49M in the plan year 2023 filing.
- Kennametal Thrift Plus Plan end-of-year assets rose from $523M in the plan year 2022 filing to $572M in the plan year 2023 filing.
- Kennametal Thrift Plus Plan reported participants rose from 2,667 in the plan year 2022 filing to 2,781 in the plan year 2023 filing.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Kennametal Thrift Plus Plan reports 2,781 participants - 7.5x that state average ($572M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $523M |
|---|---|
| Net Assets (End of Year) | $572M |
| Net Income | $49M |
| 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 $4.1B · 14,439
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.5B · 8,661
- Sonoco Retirement & Savings Plan $1.6B · 11,311
- Sonoco Retirement & Savings Plan $1.3B · 10,614
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.3B · 11,348
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Kennametal Thrift Plus Plan by total assets, not by location.
- Ttm Technologies 401(k) Retirement Savings Plan (CO) $572M · 6,064
- Stinson LLP Retirement Plan (MO) $572M · 857
- Freudenberg Companies 401(k) Retirement Plan (MI) $572M · 6,427
- X Corp. 401(k) Plan (CA) $573M · 4,935
Frequently Asked Questions
How did Kennametal Thrift Plus Plan assets move in 2023? ▼
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