Plan Snapshot
- Plan Sponsor: Corning Incorporated
- Sponsor EIN: 160393470
- Sponsor Address: ONE RIVERFRONT PLAZA, CORNING, NY, 14831
- Plan Type: 401(k)
- Total Participants: 3,194
- Total Assets: $458.8M
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 | 3,194 | $458.8M | $7.9M | $20.3M |
| 2023 | 3,457 | $417.7M | $8.1M | $21.4M |
| 2022 | 3,805 | $390.6M | $9.1M | $25.7M |
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 | $121,202 | — | $121,202 |
| THE BANK OF NEW YORK MELLON | NONE | $58,172 | — | $58,172 |
| INSERO & CO CPA'S LLP | NONE | $35,000 | — | $35,000 |
| HARTER SECREST & EMERY LLP | NONE | $22,734 | — | $22,734 |
| MERCER INVESTMENTS LLC | NONE | $7,200 | — | $7,200 |
| WILLIS TOWERS WATSON | NONE | $6,960 | — | $6,960 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INSERO & CO CPA'S LLP — NONE
- HARTER SECREST & EMERY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $251,268
- Estimated Expense Ratio: 0.055% 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 | $251,268 | $7,200 | — | $35,000 | — |
| 2023 | $357,466 | $19,850 | — | $34,300 | — |
| 2022 | — | — | — | — | — |