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CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 401k Plan overview

Plan NameCORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST
Plan identification number 002

CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CORNING DATA SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:CORNING DATA SERVICES, INC.
Employer identification number (EIN):161150300
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Additional information about CORNING DATA SERVICES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1980-02-08
Company Identification Number: 608094
Legal Registered Office Address: 99 WASHINGTON AVENUE
SUITE 1008
ALBANY
United States of America (USA)
12260

More information about CORNING DATA SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01ERIK PETERSON2020-06-30
0022018-01-01ERIK PETERSON2019-06-10
0022017-01-01ERIK PETERSON2018-05-30
0022016-01-01ERIK PETERSON2017-09-18
0022015-01-01
0022014-01-01GAYLE PETERSON2015-04-28
0022013-01-01GAYLE PETERSON2014-07-29
0022012-01-01GAYLE PETERSON
0022011-01-01GAYLE PETERSON
0022009-01-01ROBIN WEBB

Plan Statistics for CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST

401k plan membership statisitcs for CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST

Measure Date Value
2012: CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0158
Total number of active participants reported on line 7a of the Form 55002012-01-0147
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0115
Total of all active and inactive participants2012-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0162
Number of participants with account balances2012-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0162
Total number of active participants reported on line 7a of the Form 55002011-01-0139
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0119
Total of all active and inactive participants2011-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0158
Number of participants with account balances2011-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0196
Total number of active participants reported on line 7a of the Form 55002009-01-0147
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0124
Total of all active and inactive participants2009-01-0171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0171
Number of participants with account balances2009-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0110

Financial Data on CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST

Measure Date Value
2012 : CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$1,206,644
Expenses. Total of all expenses incurred2012-12-31$187,340
Benefits paid (including direct rollovers)2012-12-31$186,367
Total plan assets at end of year2012-12-31$6,097,613
Total plan assets at beginning of year2012-12-31$5,078,309
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$318,148
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$204,859
Other income received2012-12-31$683,637
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$1,019,304
Net plan assets at end of year (total assets less liabilities)2012-12-31$6,097,613
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$5,078,309
Assets. Value of participant loans2012-12-31$134,362
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$973
2011 : CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$106,640
Expenses. Total of all expenses incurred2011-12-31$457,582
Benefits paid (including direct rollovers)2011-12-31$455,989
Total plan assets at end of year2011-12-31$5,078,309
Total plan assets at beginning of year2011-12-31$5,429,251
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$212,882
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$40,331
Other income received2011-12-31$-146,573
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-350,942
Net plan assets at end of year (total assets less liabilities)2011-12-31$5,078,309
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$5,429,251
Assets. Value of participant loans2011-12-31$163,004
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,593
2010 : CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$798,996
Expenses. Total of all expenses incurred2010-12-31$473,144
Benefits paid (including direct rollovers)2010-12-31$471,915
Total plan assets at end of year2010-12-31$5,429,251
Total plan assets at beginning of year2010-12-31$5,103,399
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$187,580
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$611,416
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$325,852
Net plan assets at end of year (total assets less liabilities)2010-12-31$5,429,251
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$5,103,399
Assets. Value of participant loans2010-12-31$87,217
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,229
2009 : CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST

2012: CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CORNING DATA SERVICES, INC. 401(K) PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number81838
Policy instance 1
Insurance contract or identification number81838
Number of Individuals Covered58
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $20,256
Total amount of fees paid to insurance companyUSD $3,850
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,128
Insurance broker organization code?3
Amount paid for insurance broker fees1878
Additional information about fees paid to insurance brokerTPA FEES AND COMPENSATION
Insurance broker nameNORTHEAST BENEFIT SERVICES INC
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number81838
Policy instance 1
Insurance contract or identification number81838
Number of Individuals Covered58
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $20,240
Total amount of fees paid to insurance companyUSD $3,987
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number81838
Policy instance 1
Insurance contract or identification number81838
Number of Individuals Covered61
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $18,676
Total amount of fees paid to insurance companyUSD $2,941
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,338
Insurance broker organization code?3
Amount paid for insurance broker fees2827
Additional information about fees paid to insurance brokerTPA FEES & TPA COMPENSATION
Insurance broker nameFIDELITY MANAGEMENT & RESEARCH COMP

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