Defined Benefit (Pension) · DOL Form 5500 · 2024
Cummins Pension Plan
Data updated 2026-07-24
- $3.2B
- Total assets
- 30,640
- Participants
- 100th
- Percentile by assets
- $105,271
- Avg per participant
Sponsored by Cummins Inc. · Indiana · Manufacturing
Cummins Inc.'s Cummins Pension Plan reported $3.2B in total assets and 30,640 participants in its 2024 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.
What the 2024 filing shows
Cummins Pension Plan holds $3.2B for 30,640 participants - about $105,271 per participant, among the largest 1% of all filed plans, down 2.9% over the 2024 plan year.
- $3.2B
- total plan assets (2024 EOY)
- 30,640
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $105,271
- avg assets per participant
The plan reported a net loss of $68M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Defined Benefit (Pension) · DOL Form 5500 · 2024
What the Filing Says About Cummins Pension Plan
Cummins Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Cummins Inc., headquartered in Indiana. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $3.2B in total end-of-year assets and covers 30,640 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 350257090, and the plan has been effective since 1951-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets edged down modestly from $3.3B at the beginning of 2024 to $3.2B at year-end - down 2.9%. Net assets (after liabilities) closed the year at $3.2B, with reported net income of -$68M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Across the 3 plan years Cummins Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $7.7B to $9.7B, a gain of 25.5%, while reported participants moved from 48,345 to 61,571 (+27.4%). The strongest year on file by total sponsor assets was 2024 at $9.7B; the softest was 2022 at $7.7B. Year-by-year, sponsor-wide filings show: 2022 - $7.7B in assets across 3 plans covering 48,345 participants; 2023 - $9.2B in assets across 3 plans covering 55,603 participants; 2024 - $9.7B in assets across 3 plans covering 61,571 participants.
By assets, Cummins Pension Plan outranks nearly all the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 32x the national average plan size of $100M and 730 average participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Cummins Pension Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $3.3B |
|---|---|
| Total Assets (End of Year) | $3.2B |
| Net Assets (End of Year) | $3.2B |
| Net Income | -$68M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 350257090 |
| Plan Effective Date | 1951-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cummins Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 48,345 | $7.7B |
| 2023 | 3 | 55,603 | $9.2B |
| 2024 | 3 | 61,571 | $9.7B |
Nearby Defined Benefit (Pension) Plans in Indiana
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Cummins Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
- The Lilly Retirement Plan $11.8B · 19,897
- Elevance Health Cash Balance Plan a $1.2B · 7,552
- Nisource Pension Plan $1.0B · 2,133
- Ardagh North America Retirement Income Plan $516M · 927
- American United Life Insurance Company Employees Retirement Plan and Trust $507M · 2,247
Frequently Asked Questions
How much money is in the Cummins Pension Plan? ▼
What type of plan is Cummins Pension Plan? ▼
Who sponsors the Cummins Pension Plan? ▼
How did Cummins Pension Plan perform in 2024? ▼
What this filing means
Ways to act on Cummins Pension Plan's numbers.
- By total assets, Cummins Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Indiana. Compare plans
- Cummins Inc.'s sponsor-wide assets have grown 25.5% since 2022 across 3 plan years on file. More Manufacturing plans
- A Defined Benefit (Pension) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350257090.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-07-24.