Plan Snapshot
- Plan Sponsor: Cummins INC.
- Sponsor EIN: 350257090
- Sponsor Address: 500 JACKSON STREET, MAIL CODE 60128, COLUMBUS, IN, 47201
- Plan Type: 401(k)
- Plan Number: 513
- Total Participants: 29,700
- Total Assets: $7.9M
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 | 29,700 | $7.9M | $1.8M | $0 |
| 2023 | 24,702 | $12.2M | $6.2M | $0 |
| 2022 | 27,082 | $11.7M | $6.1M | $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 |
|---|---|---|---|---|
| BLUE & CO LLC | Auditor | $18,600 | — | $18,600 |
| UNUM LIFE INSURANCE CO OF AMERICA | Other Service Provider | $8,930 | — | $8,930 |
| PLANTE & MORAN, PLLC | Other Service Provider | $5,700 | — | $5,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BLUE & CO LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,230
- Estimated Expense Ratio: 0.422% 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 | $37,415 | — | $8,930 | $18,600 | — |
| 2023 | $40,341 | — | $11,076 | $17,300 | — |
| 2022 | $39,998 | — | $11,573 | — | $28,425 |