Defined Benefit (Pension) · DOL Form 5500 · 2024

Firstenergy Corp. Pension Plan

Data updated 2026-07-24

$6.5B
Total assets: 12,187
Participants: 100th
Percentile by assets: $531,260
Avg per participant

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

$6.5B in assets, 12,187 participants

Firstenergy Corp.'s Firstenergy Corp. Master Pension Plan reported $6.5B in total assets and 12,187 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.

100th percentile by assets (of 116,472 plans)

Coverage in Ohio

Firstenergy Corp. Master Pension Plan covers 12,187 participants in Ohio, 15x the typical Ohio plan (state average ~787 per filing). Assets: $6.5B.

$6.5B
total plan assets (2024 EOY): 12,187
covered participants: 100th
percentile by assets (of 116,472 plans): $531,260
avg assets per participant

The plan reported a net loss of $537M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Firstenergy Corp. Master Pension Plan end-of-year assets fell from $7.1B in the plan year 2023 filing to $6.5B in the plan year 2024 filing.
Firstenergy Corp. Master Pension Plan reported net income rose from -$561M in the plan year 2023 filing to -$537M in the plan year 2024 filing.
Firstenergy Corp. Master Pension Plan reported participants fell from 12,304 in the plan year 2023 filing to 12,187 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Ohio

Industry

Utilities

Participants vs Ohio filers

In Ohio, the average filing covers about 787 participants across 4,840 plans. Firstenergy Corp. Master Pension Plan reports 12,187 participants - 15x that state average ($6.5B EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$7.1B
Net Assets (End of Year)	$6.3B
Net Income	-$537M
Employer EIN	341843785
Plan Effective Date	1944-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Firstenergy Corp.)

Total plan assets by year, all Firstenergy Corp. plans on file

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

GE Aerospace Pension Plan $19.0B · 9,637
American Electric Power System Retirement Plan $4.1B · 16,073
Parker Defined Benefit Pension Plan $3.5B · 8,120
Nationwide Retirement Plan - Final Average Pay $3.5B · 5,058
Laborers District Council & Contractors Pension Fund of Ohio $2.7B · 14,573

Compare Firstenergy Corp. Master Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Firstenergy Corp. Master Pension Plan by total assets, not by location.

Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund (CA) $6.5B · 54,456
Altria Retirement Plan (VA) $6.4B · 2,132
Bakery & Confectionery Union & Industry International Pension Fund (MD) $6.6B · 14,954
Liberty Mutual Retirement Benefit Plan (MA) $6.3B · 34,910

Frequently Asked Questions

How did Firstenergy Corp. Master Pension Plan assets move in 2024? ▼

Firstenergy Corp. Master Pension Plan pulled back noticeably - down 9.4% during 2024, from $7.1B to $6.5B. Reported net income was -$537M.

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 116,472 plans that reported assets for plan year 2024 (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 Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund in CA ($6.5B, 54,456 participants).

Next read for Firstenergy Corp. Master Pension Plan

Filing takeaways

Ways to act on Firstenergy Corp. Master Pension Plan's numbers.

By total assets, Firstenergy Corp. Master Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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.