Plan Snapshot
- Plan Sponsor: Corning Incorporated
- Sponsor EIN: 160393470
- Sponsor Address: ONE RIVERFRONT PLAZA, CORNING, NY, 14831
- Plan Type: 401(k)
- Total Participants: 11,726
- Total Assets: $4.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,726 | $4.1B | $48.2M | $138.4M |
| 2023 | 11,946 | $3.8B | $51.3M | $144.8M |
| 2022 | 13,574 | $3.4B | $54.2M | $165.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $650,152 | — | $650,152 |
| THE BANK OF NEW YORK MELLON | NONE | $124,984 | — | $124,984 |
| HARTER SECREST & EMERY LLP | NONE | $51,998 | — | $51,998 |
| MERCER INVESTMENTS LLC | NONE | $43,200 | — | $43,200 |
| WILLIS TOWERS WATSON | NONE | $37,234 | — | $37,234 |
| INSERO & CO CPA'S LLP | NONE | $35,000 | — | $35,000 |
| CEM BENCHMARKING | NONE | $30,600 | — | $30,600 |
| ADP RETIREMENT SERVICES INC. | NONE | $27,000 | — | $27,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HARTER SECREST & EMERY LLP — NONE
- INSERO & CO CPA'S LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,000,168
- Estimated Expense Ratio: 0.025% 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 | $1,001,268 | $43,200 | — | $35,000 | — |
| 2023 | $1,122,190 | $46,200 | — | $34,300 | — |
| 2022 | — | — | — | — | — |