217 employees reported this benefit
Employees of Cummins have 401(k) benefits.
This information about the 401K Plan benefit at Cummins is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Cummins. The description here may not reflect the current Cummins 401K Plan benefit.
I like the fact that they have a 401k with matching employer contributions, in addition to the pension plan.
Matching ratios were good and cash balance plan was also good.
Company offers a good match up to a certain percentage
Employee becomes vested for Pension plan at 3 years and the 401K has 3% contribution.
401k match, convenient payroll deduction
100% company match for the first 1% of before-tax contribution, then 50% up to the next 5% of before-tax compensation contributed
first 1% is matched completely next 6% is matched at 50% (if you put in 6%, you get a 3.5% match)
average - not a lot of choices, prefer to be able to make my own decisions
Normal. But is changes a lot because company doesn't know how to manger their own resources and money. If times are good 401K is good. If times are rough don't expect much.
Mediocre. They shoot for middle of the road in most things like salary and benefits. I believe for a professional "exempt" (from overtime) employees get nearly 55% match up to 6% of your salary.