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 $17M in total assets and serves N/A participants as of 2024. It is sponsored by KENNAMETAL INC. in South Carolina. The plan reported a net loss of $864K for the year.
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 2024 Form 5500 filing, the plan reports $17M 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 $18M at the beginning of 2024 to $17M at year-end — a decline of 4.8%. Net assets (after liabilities) closed the year at $17M, with reported net income of $-864,226 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) | $18M |
| Total Assets (End of Year) | $17M |
| Net Assets (End of Year) | $17M |
| Net Income | $-864,226 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 250900168 |
| Plan Effective Date | 1954-11-27 |
| 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 Defined Benefit (Pension) Plans in South Carolina
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- THE SAVANNAH RIVER NUCLEAR SOLUTIONS, LLC MULTIPLE EMPLOYER PENSION PLAN $3.9B · 2,016
- MICHELIN RETIREMENT PLAN $2.2B · 3,743
- NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPL OF BCBSSC $1.2B · 4,344
- KENNAMETAL INC. RETIREMENT INCOME PLAN $541M · 563
- PENSION PLAN FOR SALARIED EMPLOYEES OF CONTINENTAL AUTOMOTIVE, INC. & CERTAIN AFFILIATED COMPANIES $336M · 512
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
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.
Read our methodology — how this data is sourced, computed, and verified.