Plan Snapshot
- Plan Sponsor: Kennametal INC.
- Sponsor EIN: 250900168
- Sponsor Address: 1061 RED VENTURES DRIVE, FT. MILL, SC, 29707
- Plan Type: 401(k)
- Total Participants: 2,708
- Total Assets: $594.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,708 | $594.5M | $12.7M | $20.3M |
| 2023 | 2,621 | $572.1M | $13.0M | $20.2M |
| 2022 | 2,781 | $523.4M | $12.2M | $18.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INV. INST. OPS. CO. | Recordkeeper | $253,989 | — | $253,989 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $152,818 | — | $152,818 |
| COOK STREET CONSULTING, INC. | Recordkeeper | $99,287 | — | $99,287 |
| BDO USA P.C. | Auditor | $57,735 | — | $57,735 |
| CBIZ RETIREMENT PLAN SERVICES | Other Service Provider | $19,380 | — | $19,380 |
| BAKER TILLY US, LLP | Other Service Provider | $7,750 | — | $7,750 |
| SCHNEIDER DOWNS & CO, INC. | Auditor | $7,700 | — | $7,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV. INST. OPS. CO. — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
- COOK STREET CONSULTING, INC. — Recordkeeper
- BDO USA P.C. — Auditor
- SCHNEIDER DOWNS & CO, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $598,659
- Estimated Expense Ratio: 0.101% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $596,812 | $152,818 | — | $73,185 | — |
| 2023 | $598,830 | $126,690 | — | $28,751 | — |
| 2022 | $621,273 | — | — | — | — |