Defined Benefit (Pension) · DOL Form 5500 · 2023

Firstenergy Corp. Pension Plan

Data updated 2026-08-25

$7.1B
Total assets Very large vs avg
12,304
Participants Very large workforce
100th
Percentile by assets National rank
$580,631
Avg per participant High balance/head
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Official DOL plan name: Firstenergy Corp. Master Pension Plan · Sponsored by Firstenergy Corp. · Ohio · Utilities

$7.1B in assets, 12,304 participants

Firstenergy Corp.'s Firstenergy Corp. Master Pension Plan reported $7.1B in total assets and 12,304 participants in its 2023 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.

  • #712 in Utilities (721 peers)

Coverage in Ohio

Firstenergy Corp. Master Pension Plan covers 12,304 participants in Ohio, 16x the typical Ohio plan (state average ~765 per filing). Assets: $7.1B.

#712
in Utilities (721 peers)
-5.5%
assets change YoY
72×
vs typical plan assets (national mean)

The plan reported a net loss of $561M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Firstenergy Corp. Master Pension Plan's outsized position by total assets

Firstenergy Corp. Master Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,144,086,795 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Firstenergy Corp. Master Pension Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Firstenergy Corp. Master Pension Plan is a mega filing (12,304 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Firstenergy Corp. Master Pension Plan reported net income rose from -$1.7B in the plan year 2022 filing to -$561M in the plan year 2023 filing.
  • Firstenergy Corp. Master Pension Plan end-of-year assets fell from $7.6B in the plan year 2022 filing to $7.1B in the plan year 2023 filing.
  • Firstenergy Corp. Master Pension Plan reported participants fell from 12,346 in the plan year 2022 filing to 12,304 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 341843785 · Firstenergy Corp. PY 2023 · Defined Benefit (Pension)

Firstenergy Corp. Master Pension Plan · $7.1B · 12,304 · 100th

  • PCT $7.1B
  • EIN 12,304
  • RANK 100th
  • PHOTO Defined Benefit (Pension)
  • IND near United Association National Pension Fund
  • EOY ind #712

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. Master Pension Plan in the asset neighbourhood

Cox Enterprises, Inc. Pension PlanCox Enterprises, Inc. Pensio…$7.4BDelta Retirement Plan$7.3BFirstenergy Corp. Master Pension PlanFirstenergy Corp. Master Pen…$7.1BUnited Association National Pension FundUnited Association National …$7.1BLiberty Mutual Retirement Benefit PlanLiberty Mutual Retirement Be…$6.9B
End-of-year total assets ($B) among Firstenergy Corp. Master Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$7.6B
Net Assets (End of Year)$6.9B
Net Income-$561M
Employer EIN341843785
Plan Effective Date1944-07-01
Filing StatusFILING 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
$10B$10.5B$11B$11.5B 202220232024 $11.1B $10.4B ▼ -6.3%
Year Plans Participants Total Assets
2022 2 24,325 $11.1B
2023 2 24,418 $10.8B
2024 2 24,769 $10.4B

Nearby Defined Benefit (Pension) Plans in Ohio

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Firstenergy Corp. Master Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 2345678 Total assets ($B) Participants Firstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension PlanLaborers District Council & Contractors Pension Fund of Ohio, Total assets ($B): 2.691611293 · Participants: 14152Laborers District Council & Contractors Pension Fund of Ohio
Firstenergy Corp. Master Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Firstenergy Corp. Master Pension Plan side-by-side with 3 peers →

Scale composition for Firstenergy Corp. Master Pension Plan

Firstenergy Corp. Master Pension Plan reports $7.1B in end-of-year assets across 12,304 participants (0.058% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $580,631 per participant (4.2x the national average assets-per-participant) . Net income for plan year 2023 was -$561M.

This plan identity (EIN 341843785, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.6B to $6.5B (-14.4%) while covered participants moved from 12,346 to 12,187 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,346 $7.6B Open filing
2023 12,304 $7.1B This page
2024 · index core 12,187 $6.5B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Firstenergy Corp. Master Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is United Association National Pension Fund in VA ($7.1B); by covered participants it is Metlife Retirement Plan in NJ (12,300 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (12,304 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Firstenergy Corp. Master Pension Plan assets move in 2023? ▼
Firstenergy Corp. Master Pension Plan pulled back noticeably - down 5.5% during 2023, from $7.6B to $7.1B. Reported net income was -$561M.
How have Firstenergy Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Firstenergy Corp.'s sponsor-wide assets declined 6.4%, from $11.1B to $10.4B.
Where does Firstenergy Corp. Master Pension Plan rank by assets among Form 5500 filers? ▼
Firstenergy Corp. Master Pension Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Firstenergy Corp. Master Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is United Association National Pension Fund in VA ($7.1B, 84,317 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Firstenergy Corp. Master Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Metlife Retirement Plan in NJ (12,300 participants, $7.9B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341843785.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.