401(k) · DOL Form 5500 · 2023
Kennametal Inc. 401(k) Plan
Data updated 2026-08-25
- $572M
- Total assets Above avg plan size
- 2,781
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $205,727
- Avg per participant Above avg balance/head
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.
- #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.
- #18,015
- in Manufacturing (18,722 peers)
- +9.3%
- assets growth YoY
- 5.7×
- vs typical plan assets (national mean)
Kennametal Thrift Plus Plan's outsized position by total assets
Kennametal Thrift Plus Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$572,126,765 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Kennametal Thrift Plus Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Kennametal Thrift Plus Plan lands in the large band (2,781 participants).
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.
Plan-year Form 5500 strip
Filing strip 250900168 · Kennametal Inc. PY 2023 · 401(k)
Kennametal Thrift Plus Plan · $572M · 2,781 · 98th
- BOY $572M
- BOY 2,781
- BOY 98th
- BOY 401(k)
- BOY near Ttm Technologies 401(k) Retirement Savings Plan
- BOY ind #18015
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in South Carolina →
Kennametal Thrift Plus Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Kennametal Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.1B 4.296742568333339% vs 2022
- 2024 filing year
| 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.
- 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
Kennametal Thrift Plus Plan's out-of-state 401(k) peers by assets and headcount
Outside South Carolina, the nearest 401(k) by assets is Ttm Technologies 401(k) Retirement Savings Plan in CO ($572M); by covered participants it is The Cleveland-Cliffs Steel Corporation Thrift Plan a in OH (2,781 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($572M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (2,781 participants); asset peers above are excluded.
- The Cleveland-Cliffs Steel Corporation Thrift Plan a (OH) 2,781 · 0 off
- Leon Management International, LLC 401(k) Plan (FL) 2,781 · 0 off
- Emcor Facilities Services, Inc. Field Employees' 401(k) Plan (CT) 2,780 · 1 off
- Wheels Up Partners LLC Retirement Savings Plan (NY) 2,782 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.