Employer · plans filed under one EIN
Corning Incorporated
Corning, NY · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Corning Incorporated, based in Corning, New York, sponsors 3 retirement plans with 100 or more participants: 2 defined contribution and 1 defined benefit. Together they reported 53,766 participant records and $7.36B in net assets.
The largest is Corning Incorporated Pension Plan, a cash balance pension plan with 33,086 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $56.1M and participant contributions $159M in the latest plan years; benefits paid were $721M. Schedule C compensation reported to service provider organisations totalled $1.2M.
Combined net assets moved from $3.99B in 2009 to $7.36B in 2024 (up 85%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Corning Incorporated Pension Plan | cash balance pension plan | 2024 | 33,086 | $2.84B | $85,902 | — | $0 |
| Corning Incorporated Investment Plan | ESOP with a 401(k) feature | 2024 | 16,330 | $4.06B | $248,594 | $4,107 | $970K |
| Corning Incorporated Investment Plan for Unionized Employees | ESOP with a 401(k) feature | 2024 | 4,350 | $459M | $105,437 | $2,471 | $251K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 3 | 53,766 | $7.36B | $56.1M | $159M |
| 2023 | 3 | 55,027 | $6.93B | $59.4M | $166M |
| 2022 | 3 | 57,653 | $6.50B | $63.3M | $192M |
| 2021 | 3 | 56,148 | $8.14B | $53.5M | $152M |
| 2020 | 3 | 52,728 | $7.78B | $204M | $137M |
| 2019 | 3 | 52,633 | $7.03B | $64.3M | $162M |
| 2018 | 3 | 51,445 | $6.09B | $157M | $155M |
| 2017 | 3 | 49,403 | $6.49B | $45.1M | $129M |
| 2016 | 3 | 47,044 | $5.70B | $115M | $113M |
| 2015 | 3 | 45,671 | $5.28B | $107M | $112M |
| 2014 | 3 | 45,737 | $5.56B | $116M | $94.5M |
| 2013 | 3 | 45,711 | $5.13B | $41.1M | $92.5M |
| 2012 | 3 | 46,552 | $4.76B | $93.5M | $84.2M |
| 2011 | 3 | 47,245 | $4.44B | $47.8M | $83.2M |
| 2010 | 3 | 46,326 | $4.53B | $379M | $72.7M |
| 2009 | 3 | 46,347 | $3.99B | $64.7M | $66.8M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Empower Annuity Insurance Company | Recordkeeping and information management; Participant loan processing | 2 | $771,354 |
| The Bank of New York Mellon | Custodial (other than securities) | 2 | $183,156 |
| Harter Secrest & Emery LLP | Consulting (general) | 2 | $74,732 |
| Insero & Co. Cpa's LLP | Accounting (including auditing) | 2 | $70,000 |
| Mercer Investments LLC | Investment advisory (plan) | 2 | $50,400 |
| Willis Towers Watson | Consulting (general) | 2 | $44,194 |
| ADP Retirement Services Inc. | Other services | 1 | $27,000 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Corning Incorporated have?
3 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Corning Incorporated Pension Plan, Corning Incorporated Investment Plan and Corning Incorporated Investment Plan for Unionized Employees. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Corning Incorporated contribute to its plans?
$56,054,904 in employer contributions across these plans in their latest plan years, about $1,875 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Empower Annuity Insurance Company, The Bank of New York Mellon, Harter Secrest & Emery LLP and Insero & Co. Cpa's LLP and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.