CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN

Plan Contact

  • Address: 10901 PUMP HOUSE ROAD,ANNAPOLIS JUNCTION,MD
  • Contact person: DAVID PALMER
  • Phone: (410) 880-0850

Plan General Information

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is $14,389,233.00.This plan was established in 1991.

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is 282

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is $51,025.00

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is $4,827.00.

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is approximately $689.00
Investing in this additonal $689.00 for 20 years would give you extra $44,139.00, assuming a 10% annual return.

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN allocates $194,488.00 to match its employees' contributions, providing an employer match rate of 14.47% of their contributions

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is 17.87%.

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is 17.34%. This measures the effectiveness of the plan participants' investments in the year.

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN is 0.24%.

Enrollment Features

CUMMINS-WAGNER COMPANY, INC. 401(K) RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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