Plan Snapshot
- Plan Sponsor: Firstenergy Corp
- Sponsor EIN: 341843785
- Sponsor Address: 341 WHITE POND DRIVE, AKRON, OH, 44320
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 12,332
- Total Assets: $575.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 12,332 | $575.6M | $142.8M | $30.6M |
| 2023 | 11,688 | $525.9M | $147.1M | $27.3M |
| 2022 | 11,989 | $472.3M | $137.3M | $26.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| COMMUNITY INSURANCE COMPANY | Other Service Provider | $9,262,735 | — | $9,262,735 |
| STATE STREET BANK AND TRUST CO. | Investment Advisor | $214,110 | — | $214,110 |
| LEHMAN BROTHERS ASSET MGMT | Other Service Provider | $98,612 | — | $98,612 |
| MEDICAL MUTUAL SERVICES | Other Service Provider | $53,468 | — | $53,468 |
| LORD ABBETT & CO | Other Service Provider | $27,953 | — | $27,953 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,656,878
- Estimated Expense Ratio: 1.678% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $7,850,597 | $126,565 | $7,399,443 | — | — |
| 2023 | $7,812,463 | — | $7,392,654 | — | — |
| 2022 | $7,037,607 | $457,355 | $6,580,252 | — | — |