# Firstenergy Corp. 401(k) Plan
Source: https://planprovider.pro/companies/firstenergy-corp-401k-plan

> Firstenergy Corp.'s 401(k) plan: 12,394 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, AKRON, OH, 44320

- **Plan Type:** 401(k)

- **Total Participants:** 12,394

- **Total Assets:** $3.9B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|12,394|$3.9B|$42.5M|$155.9M|

| 2023|12,582|$3.7B|$42.0M|$143.1M|

| 2022|12,114|$3.5B|$41.6M|$136.9M|

## 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|

| STRATEGIC ADVISORS, INC.|ADVISOR|$1,202,644|—|$1,202,644|

| CAPFINANCIAL PARTNERS LLC|CONSULTANT|$187,500|—|$187,500|

| BOBER, MARKEY, FEDOROVICH & COMPANY|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [BOBER, MARKEY, FEDOROVICH & COMPANY](https://planprovider.pro/provider/bober-markey-fedorovich-and-company) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,390,144

- **Estimated Expense Ratio:** 0.036% 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|$3,491,208|$2,915,342|$7,500|—|—|

| 2023|$4,071,065|$3,135,383|$4,500|—|—|

| 2022|$4,404,046|$3,451,523|—|—|$103,944|

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