Plan Ledger DOL Form 5500 · updated monthly

Corning Federal Credit Union401(k)

CORNING FEDERAL CREDIT UNION 401(K) PLAN · CORNING, NY · plan year 2025

Reported admin expense ratio · 2025
0.12%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Corning Federal Credit Union reported $110,041 in plan administrative expenses for 2025: 0.12% of average plan assets, above the peer median. Employer contributions averaged $6,435 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.18% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 819th-largest of 5,648 plans among New York employers on file, and the 1,028th of 4,798 in finance & insurance. In 2025, employees put in $1.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$96,637,504
Participants with balances569
Active participants446
Employer contributions$2,870,013
Employee contributions$2,954,403
Employer contribution per active participant$6,435
Average account balance$169,837
Benefits paid to participants$4,039,326
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGERR, BARR & CO. LLP
Plan history4
Yearassets · accounts · employer contribution
2025$96.6M · 569 accts · $2.9M emplr
2024$81.4M · 534 accts · $2.6M emplr
2023$71.7M · 544 accts · $2.4M emplr
2022$59.1M · 557 accts · $2.2M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$65,041
Investment management$45,000
Total administrative$110,041
The Corning Federal Credit Union 401(k) match · 2025
Employer contribution per active participant$6,435
Median for plans this size$4,093
2025$6,435 per active participant
2024$6,178 per active participant
2023$5,660 per active participant
2022$5,245 per active participant

Corning Federal Credit Union's 2025 employer contribution ran above the $4,093 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$65,041
MARINER WEALTH ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$45,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025TruStage (CUNA Mutual)
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$110,041 · 0.12%
2024$102,863 · 0.13%
2023$107,262 · 0.16%
2022$117,335 · 0.18%
Same employer
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Dime Community Bank NY$103.8M · 0.17%
Pdt Partners, LLC NY$101.4M · 0.00%
Gic (New York) Inc. NY$97.2M · 0.12%
Aea Investors LP NY$94.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 166028994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.