401(k) · DOL Form 5500 · 2022
Firstenergy Corp. 401(k) Plan
Data updated 2026-08-25
- $3.5B
- Total assets Very large vs avg
- 11,979
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $294,246
- Avg per participant High balance/head
Official DOL plan name: Firstenergy Corp. Savings Plan · Sponsored by Firstenergy Corp. · Ohio · Utilities
$3.5B in assets, 11,979 participants
Firstenergy Corp.'s Firstenergy Corp. Savings Plan reported $3.5B in total assets and 11,979 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #709 in Utilities (738 peers)
Coverage in Ohio
Firstenergy Corp. Savings Plan covers 11,979 participants in Ohio, 16x the typical Ohio plan (state average ~765 per filing). Assets: $3.5B.
- #709
- in Utilities (738 peers)
- -18.1%
- assets change YoY
- 35×
- vs typical plan assets (national mean)
The plan reported a net loss of $735M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Firstenergy Corp. Savings Plan's outsized position by total assets
Firstenergy Corp. Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,524,768,748 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Firstenergy Corp. Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Firstenergy Corp. Savings Plan is a mega filing (11,979 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 341843785 · Firstenergy Corp. PY 2022 · 401(k)
Firstenergy Corp. Savings Plan · $3.5B · 11,979 · 100th
- NET $3.5B
- BOOK 11,979
- VS-ST 100th
- BOY 401(k)
- SCH near Fresenius Medical Care North America 401 (K) Savings Plan
- EBSA ind #709
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Ohio →
Firstenergy Corp. Savings Plan in the asset neighbourhood
Ohio filing particulars
| Total Assets (Beginning of Year) | $4.3B |
|---|---|
| Net Assets (End of Year) | $3.5B |
| Net Income | -$735M |
| Employer EIN | 341843785 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Firstenergy Corp.)
Sponsor-wide plan assets over time
All Firstenergy Corp. plans reported in each filing year
- Latest sponsor-wide plan assets
- $10.4B 6.394415707008948% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 24,325 | $11.1B |
| 2023 | 2 | 24,418 | $10.8B |
| 2024 | 2 | 24,769 | $10.4B |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Sherwin-Williams Company 401(k) Plan $8.3B · 44,890
- The Progressive 401(k) Plan $7.6B · 50,299
- The Kroger Co. 401(k) Retirement Savings Account Plan $7.3B · 116,133
- Nationwide Savings Plan $6.7B · 24,278
- Marathon Petroleum Thrift Plan $6.4B · 17,666
Scale composition for Firstenergy Corp. Savings Plan
Firstenergy Corp. Savings Plan reports $3.5B in end-of-year assets across 11,979 participants (0.029% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $294,246 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2022 was -$735M.
This plan identity (EIN 341843785, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.5B to $3.9B (+10.7%) while covered participants moved from 11,979 to 12,582 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 11,979 | $3.5B | This page |
| 2023 | 12,114 | $3.7B | Open filing |
| 2024 · index core | 12,582 | $3.9B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Firstenergy Corp. Master Pension Plan (Defined Benefit (Pension), $6.5B, 12,187 participants)
- Firstenergy Corp. Savings Plan (401(k), $3.9B, 12,582 participants)
Firstenergy Corp. Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Ohio, the nearest 401(k) by assets is Fresenius Medical Care North America 401 (K) Savings Plan in MA ($3.5B); by covered participants it is Hertz Corporation Income Savings Plan in FL (11,983 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.5B here).
- Fresenius Medical Care North America 401 (K) Savings Plan (MA) $3.5B · 63,529
- Massmutual Thrift Plan (MA) $3.6B · 15,229
- Upmc 401(a) Retirement Savings Plan (PA) $3.5B · 93,506
- Banner Health Employees 401(k) Plan (AZ) $3.6B · 50,602
Similar participant headcount
Nearest other-state filings by covered participants (11,979 participants); asset peers above are excluded.
- Hertz Corporation Income Savings Plan (FL) 11,983 · 4 off
- Koch Industries Inc Employees' Savings Plan (KS) 11,970 · 9 off
- Caliber Newrez Family of Companies 401(k) Plan (TX) 11,989 · 10 off
- Dycom Industries, Inc. Retirement Savings Plan (FL) 12,005 · 26 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.