Employer · plans filed under one EIN
Firstenergy Corp.
Akron, OH · Utilities
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Firstenergy Corp., based in Akron, Ohio, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 55,152 participant records and $10.6B in net assets.
The largest is Firstenergy Corp. Master Pension Plan, a cash balance pension plan with 38,934 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $40.2M and participant contributions $152M in the latest plan years; benefits paid were $1.01B. Schedule C compensation reported to service provider organisations totalled $25.1M.
Combined net assets moved from $6.75B in 2009 to $4.22B in 2025 (down 38%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Firstenergy Corp. Master Pension Plan | cash balance pension plan | 2024 | 38,934 | $6.35B | $163,030 | — | $23.2M |
| Firstenergy Corp. Savings Plan | 401(k) plan | 2025 | 16,218 | $4.22B | $259,902 | $3,542 | $1.9M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 16,218 | $4.22B | $40.3M | $152M |
| 2024 | 2 | 55,736 | $10.2B | $42.5M | $156M |
| 2023 | 2 | 55,966 | $10.6B | $42.0M | $143M |
| 2022 | 2 | 57,392 | $10.9B | $792M | $137M |
| 2021 | 2 | 57,434 | $13.3B | $42.2M | $135M |
| 2020 | 2 | 57,445 | $12.8B | $42.3M | $134M |
| 2019 | 2 | 61,191 | $12.7B | $49.7M | $154M |
| 2018 | 2 | 61,653 | $11.2B | $551M | $154M |
| 2017 | 2 | 64,584 | $11.9B | $1.30B | $142M |
| 2016 | 2 | 64,937 | $9.76B | $800M | $133M |
| 2015 | 2 | 65,229 | $8.90B | $171M | $129M |
| 2014 | 2 | 65,211 | $9.60B | $170M | $121M |
| 2013 | 2 | 70,596 | $9.76B | $26.4M | $122M |
| 2012 | 2 | 71,526 | $10.1B | $38.0M | $129M |
| 2011 | 2 | 61,111 | $7.76B | $441M | $96.8M |
| 2010 | 2 | 57,800 | $7.28B | $296M | $86.9M |
| 2009 | 2 | 58,225 | $6.75B | $54.0M | $93.9M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Aon Consulting Inc. | Actuarial; Contract Administrator; Consulting (general) | 1 | $7,528,738 |
| Cantillon Capital Management LLC | Investment management | 1 | $4,010,556 |
| Artisan Partners | Investment management | 1 | $1,721,840 |
| LSV Asset Management | Investment management | 1 | $1,171,626 |
| Strategic Advisors, Inc. | Investment advisory (plan) | 1 | $1,107,930 |
| Nisa Investment Advisors, LLC | Investment management | 1 | $1,038,507 |
| Baillie Gifford Overseas Ltd. | Investment management | 1 | $918,139 |
| Prudential Insurance Co. of America | Investment management | 1 | $857,031 |
| Parametric Portfolio Associate | Investment management | 1 | $855,720 |
| K4 Private Investors, L.P. | — | 1 | $813,241 |
| Lexisnexis Risk Solutions FL | — | 1 | $699,539 |
| Pimco | Investment management | 1 | $600,027 |
| K5 Private Investors, L.P. | — | 1 | $600,000 |
| Fidelity Investments Institutional | Participant loan processing | 1 | $443,132 |
| Capfinancial Partners LLC | Investment advisory (plan) | 1 | $150,000 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Firstenergy Corp. have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Firstenergy Corp. Master Pension Plan and Firstenergy Corp. Savings Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Firstenergy Corp. contribute to its plans?
$40,249,813 in employer contributions across these plans in their latest plan years, about $1,702 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Aon Consulting Inc., Cantillon Capital Management LLC, Artisan Partners and LSV Asset Management and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.