Corning Incorporated Retiree Medical Plan — Form 5500 plan (Corning Incorporated)
Plain-English plan 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, Corning Incorporated Retiree Medical Plan is a benefit plan reported by Corning Incorporated under EIN 16-0393470 and plan number 555. The latest loaded filing year is 2023. The filing reports 12,639 participants and $32,999,114 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Corning Incorporated
- EIN
- 16-0393470
- Plan number
- 555
- Plan type
- 2
- Location
- Corning, NY
- Latest filing year
- 2023
- Participants
- 12,639
- End-of-year plan assets
- $32,999,114
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 12,639 | H, C | 20241015161232NAL0015053331001 |
| 2023 | 8,710 | H, C | 20250123131917NAL0004148867001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,477,863
- Total liabilities (EOY)
- $554,615
- Net assets (EOY)
- $2,923,248
- Net assets (BOY)
- $8,458,038
Income & contributions
- Employer contributions
- $31,546,074
- Participant contributions
- $9,058,325
- Total contributions
- $40,604,399
- Total income / additions
- $40,659,224
Expenses & distributions
- Benefits paid
- $44,499,927
- Administrative expenses
- $1,694,087
- Total expenses
- $46,194,014
- Net increase / (decrease)
- -$5,534,790
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Willis Towers Watson | NONE | $1,087,236 | $0 | 2023 |
| Unitedhealth Services, LLC | NONE | $473,337 | not reported in the loaded dataset | 2023 |
| Conduent | NONE | $172,928 | not reported in the loaded dataset | 2023 |
| Unitedhealthcare Services, LLC | NONE | $117,011 | not reported in the loaded dataset | 2023 |
| Cvs Pharmacy, Inc | NONE | $93,855 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Corning Incorporated
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Corning, NY
- Willis Towers Watson — Schedule C compensation
- Unitedhealth Services, LLC — Schedule C compensation
- Conduent — Schedule C compensation
- Unitedhealthcare Services, LLC — Schedule C compensation
- Cvs Pharmacy, Inc — Schedule C compensation