Employer · plans filed under one EIN
Kennametal Inc.
Ft. Mill, SC · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Kennametal Inc., based in Ft. Mill, South Carolina, sponsors 4 retirement plans with 100 or more participants: 2 defined contribution and 2 defined benefit. Together they reported 9,590 participant records and $1.17B in net assets.
The largest is Kennametal Inc. Retirement Income Plan, a defined benefit pension plan with 5,001 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $12.7M and participant contributions $20.7M in the latest plan years; benefits paid were $130M. Schedule C compensation reported to service provider organisations totalled $2.0M.
Combined net assets moved from $974M in 2009 to $629M in 2025 (down 35%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Kennametal Inc. Retirement Income Plan | defined benefit pension plan | 2024 | 5,001 | $511M | $102,260 | — | $1.3M |
| Kennametal Thrift Plus Plan | ESOP with a 401(k) feature | 2025 | 4,194 | $629M | $150,076 | $4,981 | $557K |
| Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees | defined benefit pension plan | 2024 | 253 | $17.2M | $68,114 | — | $117K |
| Kennametal Savings Plan | 401(k) plan | 2024 | 142 | $9.8M | $69,257 | $1,267 | $8,266 |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 4,194 | $629M | $12.6M | $20.6M |
| 2024 | 4 | 9,825 | $1.13B | $12.8M | $20.5M |
| 2023 | 4 | 10,127 | $1.14B | $13.1M | $20.4M |
| 2022 | 4 | 10,434 | $1.09B | $12.3M | $18.9M |
| 2021 | 4 | 10,478 | $1.41B | $11.7M | $18.3M |
| 2020 | 4 | 10,600 | $1.42B | $10.3M | $15.6M |
| 2019 | 4 | 11,012 | $1.35B | $12.8M | $19.4M |
| 2018 | 4 | 11,308 | $1.20B | $17.0M | $19.3M |
| 2017 | 4 | 11,598 | $1.34B | $12.8M | $18.5M |
| 2016 | 4 | 12,115 | $1.23B | $13.2M | $18.2M |
| 2015 | 4 | 14,075 | $1.24B | $17.7M | $20.2M |
| 2014 | 4 | 14,483 | $1.34B | $16.4M | $21.5M |
| 2013 | 4 | 16,386 | $1.31B | $12.2M | $17.1M |
| 2012 | 4 | 15,814 | $1.22B | $13.9M | $16.8M |
| 2011 | 4 | 15,724 | $1.09B | $17.1M | $16.3M |
| 2010 | 4 | 15,628 | $1.07B | $12.7M | $14.8M |
| 2009 | 4 | 15,967 | $974M | $6.4M | $14.2M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Nisa Investment Advisors | Investment management; Investment advisory (plan) | 2 | $783,506 |
| CBIZ, Inc. | Plan Administrator; Recordkeeping and information management; Consulting (pension); Contract Administrator | 4 | $304,571 |
| Fidelity Inv. Inst. Ops. Co. | Participant loan processing | 2 | $247,271 |
| Strategic Advisors, Inc. | Investment advisory (plan) | 1 | $174,826 |
| Cook Street Consulting | Consulting (pension); Consulting (general) | 3 | $119,413 |
| T. Rowe Price Associates, Inc. | Investment management | 1 | $69,659 |
| US Bank National Association | Trustee (bank, trust company, or similar financial institution) | 2 | $69,395 |
| Morgan Stanley Fiduciary Consulting | Consulting (general) | 1 | $61,021 |
| BDO USA, P.C. | Accounting (including auditing) | 2 | $50,614 |
| Willis Towers Watson US, LLC | Actuarial | 2 | $50,000 |
| Schneider Downs & Co., Inc. | Accounting (including auditing) | 3 | $24,100 |
| BlackRock Institutional Trust Co. | Investment management; Trustee (bank, trust company, or similar financial institution); Trustee (discretionary) | 2 | $9,071 |
| T. Rowe Price Associates, Inc. | Investment advisory (plan) | 1 | $2,154 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Kennametal Inc. have?
4 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Kennametal Inc. Retirement Income Plan, Kennametal Thrift Plus Plan, Kennametal Inc. and UAW Incl. Loc 1059 Pension Plan for Hourly Rated Production & Maintenance Employees and Kennametal Savings Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Kennametal Inc. contribute to its plans?
$12,729,170 in employer contributions across these plans in their latest plan years, about $4,172 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Nisa Investment Advisors, CBIZ, Inc., Fidelity Inv. Inst. Ops. Co. and Strategic Advisors, Inc. and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.