Plan Snapshot
- Plan Sponsor: Cummins INC.
- Sponsor EIN: 350257090
- Sponsor Address: 500 JACKSON STREET, MAIL CODE 60128, COLUMBUS, IN, 47201
- Plan Type: DB
- Total Participants: 28,798
- Total Assets: $3.2B
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 | 28,798 | $3.2B | $0 | $38,751 |
| 2023 | 30,640 | $3.3B | $0 | $42,145 |
| 2022 | 26,560 | $3.2B | $25.0M | $51,424 |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $3,412,590 | — | $3,412,590 |
| AON INVESTMENTS USA INC. | Other Service Provider | $1,174,246 | — | $1,174,246 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $847,418 | — | $847,418 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $845,593 | — | $845,593 |
| WALTER SCOTT & PARTNERS LIMITED | Other Service Provider | $684,853 | — | $684,853 |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | Other Service Provider | $588,616 | — | $588,616 |
| PRUDENTIAL INS CO OF AMERICA | Recordkeeper | $506,163 | — | $506,163 |
| REAMS ASSET MANAGEMENT COMPANY, LLC | Other Service Provider | $476,982 | — | $476,982 |
| UBS GLOBAL ASSET MANAGEMENT | Investment Advisor | $198,544 | — | $198,544 |
| SIDLEY AUSTIN LLP | ERISA Attorney | $124,119 | — | $124,119 |
| BLUE AND CO., LLC | Auditor | $122,400 | — | $122,400 |
| ANDERSEN TAX LLC | Other Service Provider | $98,200 | — | $98,200 |
| POPULUS GROUP | Other Service Provider | $61,065 | — | $61,065 |
| CUMMINS INC | Other Service Provider | $35,489 | — | $35,489 |
| CONSTITUTION CAPITAL FUND ADMIN, LP | Other Service Provider | — | $33,948 | $33,948 |
| BLOOMBERG FINANCE LP | Other Service Provider | $27,000 | — | $27,000 |
| HERRONPALMER LLC | Other Service Provider | $25,766 | — | $25,766 |
| PLANTE & MORAN, PLLC | Auditor | $6,800 | — | $6,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- PRUDENTIAL INS CO OF AMERICA — Recordkeeper
- UBS GLOBAL ASSET MANAGEMENT — Investment Advisor
- SIDLEY AUSTIN LLP — ERISA Attorney
- BLUE AND CO., LLC — Auditor
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,269,792
- Estimated Expense Ratio: 0.287% 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 | $14,135,906 | $3,717,469 | $3,412,590 | $122,400 | — |
| 2023 | $13,083,755 | $3,558,351 | $3,018,882 | $112,500 | — |
| 2022 | $12,622,425 | $3,147,690 | $2,786,983 | — | $2,921,620 |