Plan Snapshot
- Plan Sponsor: Corning Incorporated
- Sponsor EIN: 160393470
- Sponsor Address: ONE RIVERFRONT PLAZA, CORNING, NY, 14831
- Plan Type: 401(k)
- Plan Number: 556
- Total Participants: 12,559
- Total Assets: $24.9M
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 | 12,559 | $24.9M | $114.5M | $53.4M |
| 2023 | 13,067 | $64.0M | $219.8M | $55.2M |
| 2022 | 14,447 | $5.9M | $136.3M | $53.3M |
| 2020 | 13,317 | $36.6M | $70.6M | $12.5M |
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 |
|---|---|---|---|---|
| UNITEDHEALTHCARE SERVICES, LLC | Other Service Provider | $9,839,459 | — | $9,839,459 |
| WILLIS TOWERS WATSON | Recordkeeper | $1,698,753 | — | $1,698,753 |
| ALIGHT HOLDING COMPANY LLC | Recordkeeper | $598,728 | — | $598,728 |
| CVS PHARMACY, INC. | Other Service Provider | $288,266 | — | $288,266 |
| TELEDOC PHYSICIANS PA | Other Service Provider | $128,629 | — | $128,629 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
- ALIGHT HOLDING COMPANY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,553,835
- Estimated Expense Ratio: 50.484% 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 | $10,732,476 | — | $10,732,476 | — | — |
| 2023 | $14,342,145 | — | $14,342,145 | — | — |
| 2022 | $12,801,524 | — | $12,801,524 | — | — |
| 2020 | $2,874,376 | — | $2,874,376 | — | — |