Plan Snapshot
- Plan Sponsor: Corning Incorporated
- Sponsor EIN: 160393470
- Sponsor Address: ONE RIVERFRONT PLAZA, CORNING, NY, 14831
- Plan Type: 401(k)
- Plan Number: 007
- Total Participants: 0
- Total Assets: $2.9B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $2.9B | $0 | $0 |
| 2023 | 0 | $2.9B | $0 | $0 |
| 2022 | 0 | $3.0B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | Other Service Provider | $3,878,721 | — | $3,878,721 |
| RUSSELL INVESMENTS | Investment Advisor | $638,582 | — | $638,582 |
| CAPITAL INTERNATIONAL, INC | Other Service Provider | $592,971 | — | $592,971 |
| INCOME RESEARCH & MANAGEMENT | Other Service Provider | $461,901 | — | $461,901 |
| METLIFE INVESTMENT MANAGEMENT | Other Service Provider | $381,657 | — | $381,657 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $361,995 | — | $361,995 |
| PGIM, INC. | Recordkeeper | $356,180 | — | $356,180 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $269,894 | — | $269,894 |
| PRINCIPAL BANK | Other Service Provider | $156,935 | — | $156,935 |
| ERNST & YOUNG US LLP | Auditor | $142,140 | — | $142,140 |
| THE BENCHMARKING COMPANY LLC | Other Service Provider | $34,000 | — | $34,000 |
| INSERO & CO. CPAS, LLP | Auditor | $30,960 | — | $30,960 |
| HARTER SECREST & EMERY LLP | Other Service Provider | $30,064 | — | $30,064 |
| MANULIFE ASSET MANAGEMENT | Recordkeeper | $18,294 | — | $18,294 |
| CIEBA | Other Service Provider | $14,185 | — | $14,185 |
| QUARTIER PRINTING CO. | Other Service Provider | $10,126 | — | $10,126 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUSSELL INVESMENTS — Investment Advisor
- PGIM, INC. — Recordkeeper
- ERNST & YOUNG US LLP — Auditor
- INSERO & CO. CPAS, LLP — Auditor
- MANULIFE ASSET MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,378,605
- Estimated Expense Ratio: 0.257% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $11,442,727 | $2,722,394 | — | $30,960 | — |
| 2023 | $15,357,979 | $2,589,304 | $248,866 | $27,300 | — |
| 2022 | $10,807,325 | $4,596,131 | $2,955,832 | — | $41,277 |