401(k) · DOL Form 5500 · 2024

Firstenergy Corp. 401(k) Plan

Data updated 2026-08-25

$3.9B
Total assets Very large vs avg
12,582
Participants Very large workforce
100th
Percentile by assets National rank
$310,032
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Firstenergy Corp. Savings Plan · Sponsored by Firstenergy Corp. · Ohio · Utilities

$3.9B in assets, 12,582 participants

Firstenergy Corp.'s Firstenergy Corp. Savings Plan reported $3.9B in total assets and 12,582 participants in its 2024 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.

  • #702 in Utilities (732 peers)

Coverage in Ohio

Firstenergy Corp. Savings Plan covers 12,582 participants in Ohio, 16x the typical Ohio plan (state average ~765 per filing). Assets: $3.9B.

#702
in Utilities (732 peers)
+5.4%
assets growth YoY
39×
vs typical plan assets (national mean)

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 2024 · DOL Form 5500

$3,900,816,650 Highest reported value at or above every one of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Firstenergy Corp. Savings Plan is a mega filing (12,582 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Firstenergy Corp. Savings Plan reported net income rose from $200M in the plan year 2023 filing to $225M in the plan year 2024 filing.
  • Firstenergy Corp. Savings Plan end-of-year assets rose from $3.7B in the plan year 2023 filing to $3.9B in the plan year 2024 filing.
  • Firstenergy Corp. Savings Plan reported participants rose from 12,114 in the plan year 2023 filing to 12,582 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 341843785 · Firstenergy Corp. PY 2024 · 401(k)

Firstenergy Corp. Savings Plan · $3.9B · 12,582 · 100th

  • VS-ST $3.9B
  • VS-ST 12,582
  • VS-ST 100th
  • VS-ST 401(k)
  • VS-ST near Arthur J. Gallagher & Co. Employees Savings and Thrift Plan
  • VS-ST ind #702

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

The 401(k) Plan$3.9BFirstenergy Corp. Savings PlanFirstenergy Corp. Savings Pl…$3.9BArthur J. Gallagher & Co. Employees Savings and Thrift PlanArthur J. Gallagher & Co. Em…$3.9BThe Caci Smart Plan$3.9BKellogg Brown & Root, Inc. Retirement and Savings PlanKellogg Brown & Root, Inc. R…$3.9B
End-of-year total assets ($B) among Firstenergy Corp. Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$3.7B
Net Assets (End of Year)$3.9B
Net Income$225M
Employer EIN341843785
Plan Effective Date1983-01-01
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 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 Scatter plot of 6 data points. 050000100000150000 05101520 Total assets ($B) Participants Firstenergy Corp. Savings Plan, Total assets ($B): 3.90081665 · Participants: 12582Firstenergy Corp. Savings PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Firstenergy Corp. Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Firstenergy Corp. Savings Plan side-by-side with 3 peers →

Scale composition for Firstenergy Corp. Savings Plan

Firstenergy Corp. Savings Plan reports $3.9B in end-of-year assets across 12,582 participants (0.032% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $310,032 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2024 was $225M.

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 Open filing
2023 12,114 $3.7B Open filing
2024 · index core 12,582 $3.9B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Firstenergy Corp. Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Arthur J. Gallagher & Co. Employees Savings and Thrift Plan in IL ($3.9B); by covered participants it is Icon Clinical Research, LLC 401(k) Plan in PA (12,588 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (12,582 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Firstenergy Corp. Savings Plan assets move in 2024? ▼
Firstenergy Corp. Savings Plan grew at a solid clip - up 5.4% during 2024, from $3.7B to $3.9B. Reported net income was $225M.
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. Savings Plan rank by assets among Form 5500 filers? ▼
Firstenergy Corp. Savings Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Firstenergy Corp. Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Arthur J. Gallagher & Co. Employees Savings and Thrift Plan in IL ($3.9B, 23,247 participants).
Which 401(k) plans cover a similar participant headcount to Firstenergy Corp. Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Icon Clinical Research, LLC 401(k) Plan in PA (12,588 participants, $1.6B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.