Defined Benefit (Pension) · DOL Form 5500 · 2024
Kennametal Inc. Pension Plan
Data updated 2026-07-24
- $511M
- Total assets
- 495
- Participants
- 97th
- Percentile by assets
- $1.0M
- Avg per participant
Official DOL plan name: Kennametal Inc. Retirement Income Plan · Sponsored by Kennametal Inc. · South Carolina · Manufacturing
$511M in assets, 495 participants
Kennametal Inc.'s Kennametal Inc. Retirement Income Plan reported $511M in total assets and 495 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 116,472 plans)
Where Kennametal Inc. Retirement Income Plan sits by assets
Kennametal Inc. Retirement Income Plan sits in the top 5% of all filed plans by assets, $511M for 495 participants (~$1.0M/participant), down 5.4% in 2024.
- $511M
- total plan assets (2024 EOY)
- 495
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $1.0M
- avg assets per participant
The plan reported a net loss of $29M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Kennametal Inc. Retirement Income Plan reported net income fell from $6M in the plan year 2023 filing to -$29M in the plan year 2024 filing.
- Kennametal Inc. Retirement Income Plan reported participants fell from 563 in the plan year 2023 filing to 495 in the plan year 2024 filing.
- Kennametal Inc. Retirement Income Plan end-of-year assets fell from $541M in the plan year 2023 filing to $511M in the plan year 2024 filing.
Kennametal Inc. Retirement Income Plan vs the 2024 asset distribution
By assets, Kennametal Inc. Retirement Income Plan outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.1x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $541M |
|---|---|
| Net Assets (End of Year) | $511M |
| Net Income | -$29M |
| Employer EIN | 250900168 |
| Plan Effective Date | 1954-06-24 |
| 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.
Kennametal Inc. Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants
- The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan $3.7B · 1,749
- Non-Contributory Retirement Program for Certain Empl of Bcbssc $1.2B · 4,087
- Nelson Mullins Riley & Scarborough LLP Cash Balance Retirement Plan $152M · 257
- Devro Employees Pension Plan $60M · 56
- The Spirax Sarco, Inc. Pension Plan $58M · 189
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Kennametal Inc. Retirement Income Plan by total assets, not by location.
- The Consol Energy Inc. Employee Retirement Plan (PA) $511M · 911
- The Boston Consulting Group, Inc. U.S. Officers Retirement Plan (MA) $511M · 734
- Conagra Brands, Inc. Pension Plan for Hourly Rate Production Employees (IL) $512M · 1,920
- Sparrow Health System Associate Pension Plan A2 (MI) $511M · 740
Frequently Asked Questions
How did Kennametal Inc. Retirement Income Plan assets move in 2024? ▼
How have Kennametal Inc. plan assets changed over time? ▼
Where does Kennametal Inc. Retirement Income Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Kennametal Inc. Retirement Income Plan? ▼
Next read for Kennametal Inc. Retirement Income Plan
Scale reading
Ways to act on Kennametal Inc. Retirement Income Plan's numbers.
- By total assets, Kennametal Inc. Retirement Income Plan ranks in the top 5% 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 2024.
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.