Cummins Incbenefits

Cummins Inc's benefits plans covered 29,891 active participants in 2024, providing death benefits. Insurance premiums totaled $18,831,432. Insurance brokers and agents were paid $238,850 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.3% of premiums. That is $8 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 62% from $625,033 in 2023.