# Firstenergy Corp Health & Welfare Plan
Source: https://planprovider.pro/companies/firstenergy-corp-341843785-501

> Firstenergy Corp's Health & Welfare plan: 12,332 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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