Employers › Kennametal › plan 002
Recordkeeping fees per participant · Kennametal Thrift Plus Plan · plan year 2024
$57.14
Higher than 61% of the 1,697 plans $250M to 1B that report it.
= $252,143 / 4,413
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250701141724NAL0017813088001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701141724NAL0017813088001, received 2025-07-01
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-01.
Administrative expenses excluding investment management, per participant
$100.61
Higher than 76% of the 2,324 plans $250M to 1B that report it.
= $443,994 / 4,413
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701141724NAL0017813088001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701141724NAL0017813088001, received 2025-07-01
Administrative expenses per participant
$135.24
Higher than 77% of the 2,405 plans $250M to 1B that report it.
= $596,812 / 4,413
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701141724NAL0017813088001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701141724NAL0017813088001, received 2025-07-01
Administrative expenses as a share of assets
0.100%
Higher than 66% of the 2,407 plans $250M to 1B that report it.
= $596,812 / $594,525,014
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701141724NAL0017813088001, received 2025-07-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701141724NAL0017813088001, received 2025-07-01
Employer contributions per participant
$2,874
Higher than 46% of the 2,457 plans $250M to 1B that report it.
= $12,684,858 / 4,413
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701141724NAL0017813088001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701141724NAL0017813088001, received 2025-07-01
Employer share of total contributions
35.3%
Higher than 64% of the 2,459 plans $250M to 1B that report it.
= $12,684,858 / $35,899,141
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701141724NAL0017813088001, received 2025-07-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701141724NAL0017813088001, received 2025-07-01
98.5% of this plan's assets are held in a master trust. The trust's own filing was not found in the data, so its costs cannot be shown. Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 3H controlled-group sponsor · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250701141724NAL0017813088001, received 2025-07-01
| Field | Value | Source |
|---|---|---|
| Plan sponsor | KENNAMETAL INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Plan name | KENNAMETAL THRIFT PLUS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Sponsor EIN / plan number | 25-0900168 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Sponsor location | FT. MILL, SC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Filing received | 2025-07-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Participants, beginning of year | 4,613 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Active participants | 2,708 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Participants, end of year | 4,429 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Participants with an account balance | 4,413 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Total assets, beginning of year | $572,126,765 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Total assets, end of year | $594,525,014 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Net assets, end of year | $594,525,014 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Total income | $107,475,803 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Net income | $22,398,249 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Employer contributions | $12,684,858 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Participant contributions | $20,315,373 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Other contributions (incl. rollovers) | $2,898,910 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Total contributions | $35,899,141 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Benefit payments | $84,480,742 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Total expenses (incl. benefit payments) | $85,077,554 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Total administrative expenses | $596,812 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Recordkeeping fees | $252,143 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| IQPA audit fees | $73,185 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Investment advisory and management fees | $152,818 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Administrative expenses excluding investment management | $443,994 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Held in master trusts | $585,757,335 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250701141724NAL0017813088001, received 2025-07-01 |
| Independent auditor | BDO USA, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250701141724NAL0017813088001, received 2025-07-01 |
Position = column in the DOL layout for form year 2024. Filing 20250701141724NAL0017813088001, received 2025-07-01.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INV. INST. OPS. CO.recordkeeper | RECORDKEEPER | 64 Recordkeeping fees; 37 Participant loan processing; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $253,989 | yes |
| STRATEGIC ADVISORS, INC. | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $152,818 | no |
| COOK STREET CONSULTING, INC. | CONSULTANT | 16 Consulting (general) | $99,287 | no |
| BDO USA P.C. | ACCOUNTING | 10 Accounting (including auditing) | $57,735 | no |
| CBIZ RETIREMENT PLAN SERVICES | CONSULTANT | 16 Consulting (general) | $19,380 | no |
| BAKER TILLY US, LLP | ACCOUNTING | 10 Accounting (including auditing) | $7,750 | no |
| SCHNEIDER DOWNS & CO, INC. | CONSULTANT | 10 Accounting (including auditing) | $7,700 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250701141724NAL0017813088001, received 2025-07-01.
KENNAMETAL MASTER TRUST (EIN 043831396, PN 002): plan interest $585,757,335. The trust's own filing was not found in the data.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $572,126,765 | $594,525,014 | 3.9% |
| Participants with a balance | 4,607 | 4,413 | -4.2% |
| Administrative expenses | $598,830 | $596,812 | -0.3% |
| Recordkeeping fees per participant | $64.47 | $57.14 | -11.4% |
| Employer contributions | $12,974,625 | $12,684,858 | -2.2% |
Prior filing 20240726130758NAL0024467504001, received 2024-07-26; the plan years are contiguous.