Employers › Corning › plan 006
Recordkeeping fees per participant · Corning Incorporated Investment Plan for Unionized Employees · plan year 2024
$28.25
Higher than 24% of the 1,697 plans $250M to 1B that report it.
= $121,202 / 4,290
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250711112032NAL0017247138001, received 2025-07-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250711112032NAL0017247138001, received 2025-07-11
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-11.
Administrative expenses excluding investment management, per participant
$56.89
Higher than 39% of the 2,324 plans $250M to 1B that report it.
= $244,068 / 4,290
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250711112032NAL0017247138001, received 2025-07-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250711112032NAL0017247138001, received 2025-07-11
Administrative expenses per participant
$58.57
Higher than 27% of the 2,405 plans $250M to 1B that report it.
= $251,268 / 4,290
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250711112032NAL0017247138001, received 2025-07-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250711112032NAL0017247138001, received 2025-07-11
Administrative expenses as a share of assets
0.055%
Higher than 37% of the 2,407 plans $250M to 1B that report it.
= $251,268 / $458,781,357
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250711112032NAL0017247138001, received 2025-07-11
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250711112032NAL0017247138001, received 2025-07-11
Employer contributions per participant
$1,840
Higher than 23% of the 2,457 plans $250M to 1B that report it.
= $7,893,147 / 4,290
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250711112032NAL0017247138001, received 2025-07-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250711112032NAL0017247138001, received 2025-07-11
Employer share of total contributions
27.1%
Higher than 37% of the 2,459 plans $250M to 1B that report it.
= $7,893,147 / $29,147,117
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250711112032NAL0017247138001, received 2025-07-11
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250711112032NAL0017247138001, received 2025-07-11
97.3% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($58.57 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250711112032NAL0017247138001, received 2025-07-11
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CORNING INCORPORATED | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Plan name | CORNING INCORPORATED INVESTMENT PLAN FOR UNIONIZED EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Sponsor EIN / plan number | 16-0393470 / 006 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Sponsor location | CORNING, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Filing received | 2025-07-11 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Participants, beginning of year | 4,656 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Active participants | 3,194 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Participants, end of year | 4,350 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Participants with an account balance | 4,290 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Total assets, beginning of year | $417,677,920 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Total assets, end of year | $458,781,357 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Net assets, end of year | $458,652,817 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Total income | $98,247,616 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Net income | $41,516,172 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Employer contributions | $7,893,147 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Participant contributions | $20,328,139 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Other contributions (incl. rollovers) | $925,831 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Total contributions | $29,147,117 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Benefit payments | $56,031,199 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Total expenses (incl. benefit payments) | $56,731,444 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Total administrative expenses | $251,268 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Recordkeeping fees | $121,202 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| IQPA audit fees | $35,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Investment advisory and management fees | $7,200 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Administrative expenses excluding investment management | $244,068 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Held in master trusts | $446,498,298 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250711112032NAL0017247138001, received 2025-07-11 |
| Independent auditor | INSERO & CO. CPAS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250711112032NAL0017247138001, received 2025-07-11 |
Position = column in the DOL layout for form year 2024. Filing 20250711112032NAL0017247138001, received 2025-07-11.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 64 Recordkeeping fees; 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan | $121,202 | yes |
| THE BANK OF NEW YORK MELLON | NONE | 18 Custodial (other than securities); 50 Direct payment from the plan | $58,172 | no |
| INSERO & CO CPA'S LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $35,000 | no |
| HARTER SECREST & EMERY LLP | NONE | 16 Consulting (general); 70 Consulting fees | $22,734 | no |
| MERCER INVESTMENTS LLC | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $7,200 | no |
| WILLIS TOWERS WATSON | NONE | 16 Consulting (general); 50 Direct payment from the plan | $6,960 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250711112032NAL0017247138001, received 2025-07-11.
CORNING INC MASTER INVESTMENT TRUST (EIN 160393470, PN 008): plan interest $446,498,298, 9.9% of the trust. The trust's own filing (20250711111938NAL0004626179001, received 2025-07-11) reports net assets $4,487,457,184, administrative expenses $0, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $417,677,920 | $458,781,357 | 9.8% |
| Participants with a balance | 4,586 | 4,290 | -6.5% |
| Administrative expenses | $357,466 | $251,268 | -29.7% |
| Recordkeeping fees per participant | $51.31 | $28.25 | -44.9% |
| Employer contributions | $8,133,007 | $7,893,147 | -2.9% |
Prior filing 20240726101549NAL0010093411001, received 2024-07-26; the plan years are contiguous.