Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
CUMMINS INC.
EIN 35-0257090automotiveLatest filing 2024
Plans
7
Retirement
3
$9.71B assets
Welfare
4
$46.5M premiums
Participants
188,421
500 JACKSON STREET, MAIL CODE 60128 - COLUMBUS, IN 47201812-377-5000cummins.comLinkedIn10001+ employeesautomotive
Retirement portfolio analytics
3 plans aggregated / $9.71B assets / 83,339 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
67%top
- (Not disclosed)67%
- ALIGHT SOLUTIONS LLC33%
Participants by plan
Active + retired + deferred vested
- CUMMINS PENSION (#001)44,593
Benefits portfolio analytics
4 plans / $46.5M premiums / 118,241 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Dental$18.8M
- Other$17.4M
- Life$17.4M
- Long-term disability$6.9M
- Vision$3.1M
- Health$242K
Carrier market share
Premium dollars by Schedule A carrier
40%top
- DELTA DENTAL OF CALIFORNIA40%
- LIFE INSURANCE COMPANY OF NORTH AMERICA37%
- UNUM LIFE INSURANCE COMPANY OF AMERICA15%
- ANTHEM LIFE INSURANCE COMPANY7%
- BLUE CROSS OF CALIFORNIA1%
- +2 more
Broker market share
Schedule A broker compensation
65%top
- WILLIS TOWERS WATSON US LLC65%
- MARSH & MCLENNAN AGENCY LLC35%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#020
CUMMINS RETIREMENT AND SAVINGS PLAN
ESOP
Assets$6.37B
Participants37,830
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
CUMMINS PENSION PLAN
CashBalance
Assets$3.23B
Participants44,593
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#030
CUMMINS RETIREMENT AND SAVINGS PLAN FOR CERTAIN COLLECTIVELY BARGAINED EMPLOYEES
ESOP
Assets$115.7M
Participants916
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#510
CUMMINS INC GROUP INSURANCE PLAN
Fully Insured - DELTA DENTAL OF INDIANA
Premiums$39.6M
Covered lives58,965
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#513
LONG TERM DISABILITY PLAN OF CUMMINS INC.
Fully Insured - UNUM LIFE INSURANCE COMPANY OF AMERICA
Premiums$6.9M
Covered lives29,385
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#508
CUMMINS GROUP TRAVEL ACCIDENT INSURANCE PLAN
Fully Insured - ACE AMERICAN INSURANCE COMPANY
Premiums$46K
Covered lives29,891
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#550
CUMMINS US EXEMPT SEVERANCE PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans3
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 020 | CUMMINS RETIREMENT AND SAVINGS PLAN | ESOP | $6.37B | 37,830 | 2024 | |
| 001 | CUMMINS PENSION PLAN | CashBalance | $3.23B | 44,593 | 2024 | |
| 030 | CUMMINS RETIREMENT AND SAVINGS PLAN FOR CERTAIN COLLECTIVELY BARGAINED EMPLOYEES | ESOP | $115.7M | 916 | 2024 |
Welfare plans4
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 510 | CUMMINS INC GROUP INSURANCE PLAN | Fully Insured | DELTA DENTAL OF INDIANA | $39.6M | 58,965 | 2024 | |
| 513 | LONG TERM DISABILITY PLAN OF CUMMINS INC. | Fully Insured | UNUM LIFE INSURANCE COMPANY OF AMERICA | $6.9M | 29,385 | 2024 | |
| 508 | CUMMINS GROUP TRAVEL ACCIDENT INSURANCE PLAN | Fully Insured | ACE AMERICAN INSURANCE COMPANY | $46K | 29,891 | 2024 | |
| 550 | CUMMINS US EXEMPT SEVERANCE PLAN | Self Funded | - | $0 | 0 | 2024 |
Retirement plans
Welfare plans