CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST
Plan Contact
- Contact person: KENNETH L. CLACK
- Phone: (248) 573-1600
Plan General Information
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Total Retirement Plan Assets
At the end of 2002, the total retirement plan assets of CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is $1,967,468.00.This plan was established in 1994.
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Total Number of Retirement Plan Participants
At the end of 2002, the total number of retirement plan participants in CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is 164
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Average Participant Retirement Account Value
In 2002, the average participant retirement account value for CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is $11,996.00
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Estimated Average Employee Contribution Amount
In 2002, the estimated average employee contribution amount per participant for CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is $4,928.00.
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Estimated Average Employer Match
In 2002, the estimated average employer match for an employee in CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is approximately $356.00
Investing in this additonal $356.00 for 20 years would give you extra $22,835.00, assuming a 10% annual return.
Investing in this additonal $356.00 for 20 years would give you extra $22,835.00, assuming a 10% annual return.
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Total Employer Contribution and Match Rate
In 2002, CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST allocates $58,516.00 to match its employees' contributions, providing an employer match rate of 14.48% of their contributions
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Total Retirement Plan Asset Growth Rate
In 2002, the total retirement plan asset growth rate of CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is 9.14%.
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2002, the estimated aggregate retirement account investment gain/loss for CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is -11.83%. This measures the effectiveness of the plan participants' investments in the year.
CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST Expense Ratio
In 2002, the investment and administrative expense ratio of CUMMINS MICHIGAN POWER INC. EMPLOYEES 401 K TRUST is 0.18%.
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