401(k) · DOL Form 5500 · 2022
Firstenergy Corp. 401(k) Plan
Data updated 2026-08-06
- $3.5B
- Total assets
- 11,979
- Participants
- 100th
- Percentile by assets
- $294,246
- Avg per participant
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.
- 100th percentile by assets (of 139,258 plans)
- #710 in Utilities (739 peers)
Coverage in Ohio
Firstenergy Corp. Savings Plan covers 11,979 participants in Ohio, 15x the typical Ohio plan (state average ~787 per filing). Assets: $3.5B.
- $3.5B
- total plan assets (2022 EOY)
- 11,979
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $294,246
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 787 participants across 4,840 plans. Firstenergy Corp. Savings Plan reports 11,979 participants - 15x that state average ($3.5B EOY assets).
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.)
| 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.
Firstenergy Corp. Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- 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 (0.030% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.013% of 89,805,449 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Firstenergy Corp. Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Firstenergy Corp. Savings Plan assets move in 2022? ▼
How have Firstenergy Corp. plan assets changed over time? ▼
Where does Firstenergy Corp. Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Firstenergy Corp. Savings Plan? ▼
Next read for Firstenergy Corp. Savings Plan
Filing takeaways
Ways to act on Firstenergy Corp. Savings Plan's numbers.
- By total assets, Firstenergy Corp. Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Firstenergy Corp.'s sponsor-wide assets have declined 6.4% since 2022 across 3 plan years on file. More Utilities plans