2023 Form 5500 filing — Corning Incorporated Medical Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015160947NAL0030292273001) for Corning Incorporated Medical Benefit Plan, reported by Corning Incorporated under EIN 16-0393470 and plan number 556. It reports 15,100 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015160947NAL0030292273001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Corning Incorporated
- EIN
- 16-0393470
- Plan number
- 556
- Location
- Corning, NY
- Participants
- 15,100
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,021,440
- Total liabilities (EOY)
- $20,231,464
- Net assets (EOY)
- $43,789,976
- Employer contributions
- $219,780,913
- Participant contributions
- $55,161,495
- Total income / additions
- $275,822,114
- Benefits paid
- $203,207,145
- Administrative expenses
- $14,342,145
- Total expenses
- $217,549,290
- Net increase / (decrease)
- $58,272,824
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Unitedhealthcare Services, LLC | NONE | $10,943,921 | not reported in the loaded dataset |
| Unitedhealthcare Services, LLC | NONE | $2,153,377 | not reported in the loaded dataset |
| Willis Towers Watson | NONE | $1,782,027 | $0 |
| Alight Holding Company LLC | NONE | $694,553 | not reported in the loaded dataset |
| Conduent | NONE | $294,446 | not reported in the loaded dataset |
| Cvs Pharmacy, Inc | NONE | $243,106 | not reported in the loaded dataset |
| Teledoc Physicians Pa | NONE | $187,708 | not reported in the loaded dataset |
| Consumer Medical Resource Inc | NONE | $142,185 | not reported in the loaded dataset |
| Teladoc Physicians Pa | NONE | $41,262 | not reported in the loaded dataset |