401(k) · DOL Form 5500 · 2023
Cummins Inc. 401(k) Plan
Data updated 2026-08-25
- $5.7B
- Total assets Very large vs avg
- 28,381
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $201,898
- Avg per participant Above avg balance/head
Official DOL plan name: Cummins Retirement and Savings Plan · Sponsored by Cummins Inc. · Indiana · Manufacturing
$5.7B in assets, 28,381 participants
Cummins Inc.'s Cummins Retirement and Savings Plan reported $5.7B in total assets and 28,381 participants in its 2023 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #18,626 in Manufacturing (18,722 peers)
Coverage in Indiana
Cummins Retirement and Savings Plan covers 28,381 participants in Indiana, 52x the typical Indiana plan (state average ~541 per filing). Assets: $5.7B.
- #18,626
- in Manufacturing (18,722 peers)
- +30.6%
- assets growth YoY
- 57×
- vs typical plan assets (national mean)
Cummins Retirement and Savings Plan's outsized position by total assets
Cummins Retirement and Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$5,730,057,183 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Cummins Retirement and Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cummins Retirement and Savings Plan is a mega filing (28,381 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Cummins Retirement and Savings Plan reported net income rose from -$643M in the plan year 2022 filing to $733M in the plan year 2023 filing.
- Cummins Retirement and Savings Plan end-of-year assets rose from $4.4B in the plan year 2022 filing to $5.7B in the plan year 2023 filing.
- Cummins Retirement and Savings Plan reported participants rose from 23,710 in the plan year 2022 filing to 28,381 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 350257090 · Cummins Inc. PY 2023 · 401(k)
Cummins Retirement and Savings Plan · $5.7B · 28,381 · 100th
- ASSETS $5.7B
- ASSETS 28,381
- ASSETS 100th
- ASSETS 401(k)
- ASSETS near State Street Salary Savings Program
- ASSETS ind #18626
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Indiana →
Cummins Retirement and Savings Plan in the asset neighbourhood
Indiana filing particulars
| Total Assets (Beginning of Year) | $4.4B |
|---|---|
| Net Assets (End of Year) | $5.7B |
| Net Income | $733M |
| Employer EIN | 350257090 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cummins Inc.)
Sponsor-wide plan assets over time
All Cummins Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $9.7B 25.4811817356577% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 48,345 | $7.7B |
| 2023 | 3 | 55,603 | $9.2B |
| 2024 | 3 | 61,571 | $9.7B |
Nearby 401(k) Plans in Indiana
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Lilly Employee 401(k) Plan $11.1B · 17,583
- Elevance Health 401(k) Plan $11.0B · 76,590
- Iu Health 401(k) Savings Plan $3.9B · 38,575
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan $2.6B · 9,015
- Nisource Inc Retirement Savings Plan $1.7B · 7,525
Scale composition for Cummins Retirement and Savings Plan
Cummins Retirement and Savings Plan reports $5.7B in end-of-year assets across 28,381 participants (0.047% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.030% of 93,925,755 covered participants) - about $201,898 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2023 was $733M.
This plan identity (EIN 350257090, plan #020) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.4B to $6.4B (+45.1%) while covered participants moved from 23,710 to 30,272 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 23,710 | $4.4B | Open filing |
| 2023 | 28,381 | $5.7B | This page |
| 2024 · index core | 30,272 | $6.4B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Cummins Retirement and Savings Plan (401(k), $6.4B, 30,272 participants)
- Cummins Pension Plan (Defined Benefit (Pension), $3.2B, 30,640 participants)
- Cummins Retirement and Savings Plan for Certain Collectively Bargained Employees (401(k), $116M, 659 participants)
Cummins Retirement and Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Indiana, the nearest 401(k) by assets is State Street Salary Savings Program in MA ($5.7B); by covered participants it is Aveanna Healthcare 401(k) Plan in GA (28,376 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.7B here).
- State Street Salary Savings Program (MA) $5.7B · 12,168
- Edison 401(k) Savings Plan (CA) $5.7B · 13,202
- Textron Savings Plan (RI) $5.7B · 26,580
- Geico 401(k) Savings Plan (DC) $5.8B · 39,034
Similar participant headcount
Nearest other-state filings by covered participants (28,381 participants); asset peers above are excluded.
- Aveanna Healthcare 401(k) Plan (GA) 28,376 · 5 off
- Brand Share 401(k) Savings & Profit Sharing Plan (GA) 28,298 · 83 off
- The Mgm Resorts 401(k) Savings Plan (NV) 28,142 · 239 off
- The Procter & Gamble Savings Plan (OH) 28,627 · 246 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.