CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES
Plan Contact
- Address: 500 JACKSON STREET, MAIL CODE 60128,COLUMBUS,IN
- Contact person: RICHARD HARRIS
- Phone: (800) 682-8788
Plan General Information
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Total Retirement Plan Assets
At the end of 2010, the total retirement plan assets of CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is $246,706,370.00.This plan was established in 1992.
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2010, the total number of retirement plan participants in CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is 4199
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Average Participant Retirement Account Value
In 2010, the average participant retirement account value for CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is $58,753.00
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Estimated Average Employee Contribution Amount
In 2010, the estimated average employee contribution amount per participant for CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is $4,457.00.
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Estimated Average Employer Match
In 2010, the estimated average employer match for an employee in CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is approximately $729.00
Investing in this additonal $729.00 for 20 years would give you extra $46,689.00, assuming a 10% annual return.
Investing in this additonal $729.00 for 20 years would give you extra $46,689.00, assuming a 10% annual return.
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Total Employer Contribution and Match Rate
In 2010, CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES allocates $3,063,260.00 to match its employees' contributions, providing an employer match rate of 32.74% of their contributions
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2010, the total retirement plan asset growth rate of CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is 5.51%.
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2010, the estimated aggregate retirement account investment gain/loss for CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is 9.60%. This measures the effectiveness of the plan participants' investments in the year.
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES Expense Ratio
In 2010, the investment and administrative expense ratio of CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES is 0.00%.
Enrollment Features
CUMMINS INC & AFFIL RET & SAVINGS PL FOR BARG UNIT EMPLOYEES 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.
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