Plan Snapshot
- Plan Sponsor: Kennametal INC.
- Sponsor EIN: 250900168
- Sponsor Address: 1061 RED VENTURES DRIVE, FT. MILL, SC, 29707
- Plan Type: DB
- Total Participants: 439
- Total Assets: $511.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 439 | $511.4M | $0 | $0 |
| 2023 | 495 | $540.6M | $0 | $0 |
| 2022 | 563 | $534.7M | $0 | $0 |
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 |
|---|---|---|---|---|
| NISA INVESTMENT ADVISORS | INVESTMENT MANAGEMENT | $760,001 | — | $760,001 |
| CBIZ, INC. | THIRD PARTY ADMINISTRATO | $256,756 | — | $256,756 |
| T. ROWE PRICE ASSOCIATES, INC. | INVESTMENT MANAGEMENT | $69,659 | — | $69,659 |
| US BANK NATIONAL ASSOCIATION | TRUSTEE | $64,898 | — | $64,898 |
| COOK STREET CONSULTING | CONSULTING | $57,635 | — | $57,635 |
| WILLIS TOWERS WATSON US, LLC | ACTUARY | $30,000 | — | $30,000 |
| BDO USA, P.C. | ACCOUNTANT/ AUDITOR | $27,208 | — | $27,208 |
| BLACKROCK INSTITUTIONAL TRUST CO. | INVESTMENT MANAGEMENT | $8,799 | — | $8,799 |
| SCHNEIDER DOWNS & CO., INC. | ACCOUNTING | $8,200 | — | $8,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- US BANK NATIONAL ASSOCIATION — TRUSTEE
- COOK STREET CONSULTING — CONSULTING
- BDO USA, P.C. — ACCOUNTANT/ AUDITOR
- SCHNEIDER DOWNS & CO., INC. — ACCOUNTING
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,283,156
- Estimated Expense Ratio: 0.251% 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 | $1,791,940 | $838,459 | $256,756 | $27,208 | — |
| 2023 | $1,824,111 | $812,267 | $244,694 | $14,100 | — |
| 2022 | $1,876,795 | $941,172 | $217,656 | — | $123,862 |