DAN CUMMINS, INC. 401(K) PLAN
Plan Contact
- Address: 1020 MARTIN LUTHER KING BLVD.,PARIS,KY
- Contact person: JOSHUA CUMMINS
- Phone: (859) 987-4345
Plan General Information
DAN CUMMINS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of DAN CUMMINS, INC. 401(K) PLAN is $12,380,367.00.This plan was established in 1964.
DAN CUMMINS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in DAN CUMMINS, INC. 401(K) PLAN is 413
DAN CUMMINS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for DAN CUMMINS, INC. 401(K) PLAN is $29,976.00
DAN CUMMINS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for DAN CUMMINS, INC. 401(K) PLAN is $3,110.00.
DAN CUMMINS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in DAN CUMMINS, INC. 401(K) PLAN is approximately $1,881.00
Investing in this additonal $1,881.00 for 20 years would give you extra $120,396.00, assuming a 10% annual return.
Investing in this additonal $1,881.00 for 20 years would give you extra $120,396.00, assuming a 10% annual return.
DAN CUMMINS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, DAN CUMMINS, INC. 401(K) PLAN allocates $776,934.00 to match its employees' contributions, providing an employer match rate of 62.13% of their contributions
DAN CUMMINS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of DAN CUMMINS, INC. 401(K) PLAN is 31.35%.
DAN CUMMINS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for DAN CUMMINS, INC. 401(K) PLAN is 20.94%. This measures the effectiveness of the plan participants' investments in the year.
DAN CUMMINS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of DAN CUMMINS, INC. 401(K) PLAN is 0.64%.
Enrollment Features
DAN CUMMINS, INC. 401(K) 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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