Plan Snapshot
- Plan Sponsor: Corning Incorporated
- Sponsor EIN: 160393470
- Sponsor Address: ONE RIVERFRONT PLAZA, CORNING, NY, 14831
- Plan Type: Health & Welfare
- Plan Number: 555
- Total Participants: 3,197
- Total Assets: $3.6M
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 | 3,197 | $3.6M | $32.8M | $9.0M |
| 2023 | 3,285 | $3.5M | $31.5M | $9.1M |
| 2022 | 3,345 | $8.9M | $31.8M | $9.8M |
| 2020 | 8,710 | $33.0M | $38.9M | $2.4M |
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 | Recordkeeper | $1,059,984 | — | $1,059,984 |
| UNITEDHEALTH SERVICES, LLC | Other Service Provider | $413,876 | — | $413,876 |
| CVS PHARMACY, INC. | Other Service Provider | $294,215 | — | $294,215 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,768,075
- Estimated Expense Ratio: 49.342% 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 | $1,770,301 | — | $1,770,301 | — | — |
| 2023 | $1,694,087 | — | $1,694,087 | — | — |
| 2022 | $1,467,055 | — | $1,467,055 | — | — |
| 2020 | $383,794 | — | $383,794 | — | — |