KENNAMETAL THRIFT PLUS PLAN
Plan Contact
- Address: 1061 RED VENTURES DRIVE,,FT. MILL,SC
- Contact person: GIL RUTH
- Phone: (866) 783-4688
Plan General Information
KENNAMETAL THRIFT PLUS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of KENNAMETAL THRIFT PLUS PLAN is $572,126,765.00.This plan was established in 1977.
KENNAMETAL THRIFT PLUS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in KENNAMETAL THRIFT PLUS PLAN is 4759
KENNAMETAL THRIFT PLUS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for KENNAMETAL THRIFT PLUS PLAN is $120,219.00
KENNAMETAL THRIFT PLUS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for KENNAMETAL THRIFT PLUS PLAN is $4,238.00.
KENNAMETAL THRIFT PLUS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in KENNAMETAL THRIFT PLUS PLAN is approximately $2,726.00
Investing in this additonal $2,726.00 for 20 years would give you extra $174,485.00, assuming a 10% annual return.
Investing in this additonal $2,726.00 for 20 years would give you extra $174,485.00, assuming a 10% annual return.
KENNAMETAL THRIFT PLUS PLAN Total Employer Contribution and Match Rate
In 2023, KENNAMETAL THRIFT PLUS PLAN allocates $12,974,625.00 to match its employees' contributions, providing an employer match rate of 64.27% of their contributions
KENNAMETAL THRIFT PLUS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of KENNAMETAL THRIFT PLUS PLAN is 9.31%.
KENNAMETAL THRIFT PLUS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for KENNAMETAL THRIFT PLUS PLAN is 15.65%. This measures the effectiveness of the plan participants' investments in the year.
KENNAMETAL THRIFT PLUS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of KENNAMETAL THRIFT PLUS PLAN is 0.10%.
Enrollment Features
KENNAMETAL THRIFT PLUS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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