Carpenter Technology Corporation 401(k) match: 6% of pay
Carpenter Technology 401(k) Retirement Plan · CRS · CIK 17843
Employer match stated in the filing, as a share of pay
6%
Carpenter Technology Corporation's 401(k) employer match runs up to 6% of pay, and the filing does not state the rate it matches at.
Carpenter Technology's Form 11-K filings for plan year 2025 describe two separate 401(k) plans. The terms on this page are read from the Carpenter Technology 401(k) Retirement Plan. Not all of them state a match formula, so each one is listed below with the group it covers and what its filing says.
From the Form 11-K filed June 24, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: which plan you are in · what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
Which Carpenter Technology 401(k) plan are you in?
Carpenter Technology's Form 11-K filings for this plan year describe two plans, and not all of them state a match formula. Find the plan you are in before you take a number off this page. The terms in the rest of the page are read from the Carpenter Technology 401(k) Retirement Plan.
Carpenter Technology 401(k) Retirement Plan (the plan this page answers for)
The filing states no limit on who this plan covers · Form 11-K ↗
Match not stated as a formula
Latrobe Company 401(k) Retirement Plan
Latrobe employees · Form 11-K ↗
Match not stated as a formula
One row per plan, taken from the two Form 11-K reports this site has read for the plan year ended December 31, 2025. Each maximum comes from that plan’s own filing and describes only that plan.
What Carpenter Technology puts in, and what the plan costs
What Carpenter Technology put into the plan, per active participant
$7,521
Carpenter Technology Corporation put $7,521 into this plan for each of its 3,773 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Carpenter Technology put in more per active participant than 90% of plans with 5,000+ participants in industrial and materials manufacturing. The middle plan in that group of 178 reported $3,585. Industrial and materials manufacturing comes from business code 331110, which Carpenter Technology entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Carpenter Technology pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 230458500, plan 020 · DOL EFAST2 ↗
What Carpenter Technology puts in
Not stated in the filing
Only part of the match formula is disclosed in the filing, so the yearly dollars cannot be computed from it.
The Form 5500 for this plan reports what Carpenter Technology actually paid in: the figure and its peer comparison are above. It is the whole employer side of the plan on one line, so it answers what went in rather than what the formula promises.
Two places state the terms in full: your plan’s Summary Plan Description, which your employer must provide on request, and your recordkeeper’s site, which for this plan is Vanguard ↗.
What you contribute to collect all of it
Not stated in the filing
The filing does not state the contribution rate that collects the full employer contribution.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“All contributions and plan earnings or losses thereon are immediately and fully vested and non-forfeitable.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
94th percentile
$154.63 per participant in plan-paid administrative cost, more expensive than 94% of plans with 5,000+ participants.
What is Carpenter Technology's 401(k) match formula?
Carpenter Technology discloses only part of its 401(k) match terms; matching contributions run up to 6% of pay. Filings state some formulas in full and others not at all. The four shapes a formula takes shows what is missing here.
| Maximum employer match | 6% of compensation |
|---|---|
| Conditions | The filing states the Company match as "up to 6%" of compensation without specifying the per-dollar match rate or tier structure; full match mechanics are described in the plan document, which is not part of this filing. |
| Other employer contribution | The Company contributes an amount equal to 3% of each participant's base pay, regardless of the participant's own deferral |
What the filing says, word for word
“The Company contributes an amount equal to 3% of each participant's base pay and a matching contribution of up to 6%, as defined by the plan document.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Carpenter Technology's 401(k) vesting schedule?
Carpenter Technology vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“All contributions and plan earnings or losses thereon are immediately and fully vested and non-forfeitable.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who can join Carpenter Technology's 401(k), and is enrollment automatic?
Carpenter Technology enrolls new hires automatically at 4% of pay, rising 1% a year to 15% of pay.
| Plan entry | The Plan is a profit-sharing and stock bonus plan which covers substantially all domestic non-union employees of the Company, as well as a certain population of union employees of the Company. Employees are eligible to participate on their first day of employment. |
|---|---|
| Automatic enrollment | Yes: default deferral 4% of pay; auto-escalation +1%/yr to 15% |
Eligibility, word for word
“The Plan is a profit-sharing and stock bonus plan which covers substantially all domestic non-union employees of the Company, as well as a certain population of union employees of the Company. Employees are eligible to participate on their first day of employment.”
Automatic enrollment, word for word
“The Plan includes an auto-enrollment provision whereby all new eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 4% of eligible compensation. Deferrals will automatically increase by 1% annually and will continue to increase 1% annually until a deferral rate of 15% is attained.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
What does the Carpenter Technology plan report on Form 5500?
The Carpenter Technology plan reported $885.4M in assets and 5,174 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Carpenter Technology Corporation 401(k) Retirement |
|---|---|
| Total plan assets | $885,360,148 |
| Participants | 5,174 |
| Recordkeeper | Vanguard |
| Plan-paid admin cost per participant | $154.63 |
How that cost compares
This plan pays $154.63 per participant. The median across plans in industrial and materials manufacturing is $142.19, from the 5,709 of 6,008 whose Form 5500 yields a per-participant cost.
The plan reports Vanguard as its recordkeeper, one of 2,337 plans it runs in the data we publish. Of those, the 2,333 with a computable fee have a median plan-paid cost of $97.87 per participant.
How does Carpenter Technology's 401(k) match compare?
Carpenter Technology Corporation's filing does not state a maximum 401(k) match as a share of pay. Across the 181 companies in our data that do, the median is 4.5% of pay.
Employers worth reading next
Of the six employers below, three file in industrial and materials manufacturing, two report the same recordkeeper and one vests on the same schedule.
Employer match vests immediately. Also in industrial and materials manufacturing.
Match vests in steps, 100% after 5 years. Also in industrial and materials manufacturing.
Maximum match 6% of pay. Also in industrial and materials manufacturing.
Maximum match 8% of pay. Same recordkeeper, Vanguard.
Maximum match 6% of pay. Same recordkeeper, Vanguard.
Maximum match 4% of pay. Vests immediately too, like Carpenter Technology.
Compare Carpenter Technology Corporation with any company, side by side
What do Carpenter Technology's other 401(k) plans say?
Latrobe Company 401(k) Retirement Plan
Latrobe employees
Carpenter Technology Corporation discloses only part of its match terms in the 11-K for the plan year ended December 31, 2025.
- Employer match vesting
- Immediate: employer match is 100% vested when contributed
- Automatic enrollment
- Yes: default deferral 4% of pay; auto-escalation +1%/yr to 15%
What the filing says, word for word
“The Company contributes an amount equal to 3% of each participant's base pay and a matching contribution of up to 4%, as defined by the plan document.”
What can you do next?
Check your own balance and contribution rate at Vanguard ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 24, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Carpenter Technology Corporation's 401(k) match?
Carpenter Technology Corporation discloses only part of its match terms in the 11-K for the plan year ended December 31, 2025.
When does the Carpenter Technology Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Carpenter Technology Corporation's 401(k) plan have automatic enrollment?
Yes: default deferral 4% of pay; auto-escalation +1%/yr to 15%.
Cite: 401(k) Monitor, “Carpenter Technology Corporation 401(k) plan facts”, from SEC Form 11-K accession 0000017843-26-000024, plan year ended 2025-12-31.