Plan Snapshot
- Plan Sponsor: Firstenergy Corp.
- Sponsor EIN: 341843785
- Sponsor Address: 341 WHITE POND DRIVE, AKRON, OH, 44320
- Plan Type: DB
- Total Participants: 12,279
- Total Assets: $6.5B
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 | 12,279 | $6.5B | $0 | $0 |
| 2023 | 12,187 | $7.1B | $0 | $0 |
| 2022 | 12,304 | $7.6B | $750.0M | $0 |
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 |
|---|---|---|---|---|
| AON CONSULTING INC. | Recordkeeper | $7,528,738 | — | $7,528,738 |
| CANTILLON CAPITAL MANAGEMENT LLC | Other Service Provider | $4,009,961 | $595 | $4,010,556 |
| ARTISAN PARTNERS | Other Service Provider | $1,721,840 | — | $1,721,840 |
| LSV ASSET MANAGEMENT | Other Service Provider | $1,171,626 | — | $1,171,626 |
| NISA INVESTMENT ADVISORS, LLC | Other Service Provider | $1,038,507 | — | $1,038,507 |
| BAILLIE GIFFORD OVERSEAS LTD | Other Service Provider | $918,139 | — | $918,139 |
| PRUDENTIAL INSURANCE CO. OF AMERICA | Recordkeeper | $857,031 | — | $857,031 |
| PARAMETRIC PORTFOLIO ASSOCIATE | Other Service Provider | $855,720 | — | $855,720 |
| K4 PRIVATE INVESTORS, L.P. | Other Service Provider | — | $813,241 | $813,241 |
| LEXISNEXIS RISK SOLUTIONS FL | Other Service Provider | $699,539 | — | $699,539 |
| PIMCO | Other Service Provider | $600,027 | — | $600,027 |
| K5 PRIVATE INVESTORS, L.P. | Other Service Provider | — | $600,000 | $600,000 |
| FRANKLIN TEMPLETON | Other Service Provider | $596,534 | — | $596,534 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $571,876 | — | $571,876 |
| LEGAL & GENERAL | Other Service Provider | $414,412 | — | $414,412 |
| METLIFE INVESTMENT MANAGEMENT | Other Service Provider | $327,784 | — | $327,784 |
| K3 PRIVATE INVESTORS, L.P. | Other Service Provider | — | $212,572 | $212,572 |
| JOHN HANCOCK | Recordkeeper | $88,165 | — | $88,165 |
| BENXL TECHNOLOGIES, INC | Other Service Provider | $62,320 | — | $62,320 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $36,850 | — | $36,850 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $30,865 | — | $30,865 |
| MERCER US INC. | Other Service Provider | $27,789 | — | $27,789 |
| BLACKROCK INST. TRUST COMPANY, N.A. | Other Service Provider | $9,254 | — | $9,254 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — Recordkeeper
- PRUDENTIAL INSURANCE CO. OF AMERICA — Recordkeeper
- JOHN HANCOCK — Recordkeeper
- WILLIS TOWERS WATSON US LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,193,385
- Estimated Expense Ratio: 0.358% 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 | $115,924,569 | $14,182,560 | $3,798,416 | — | — |
| 2023 | $85,014,036 | $14,625,782 | $1,860,736 | — | — |
| 2022 | $97,116,994 | $17,160,798 | $2,961,023 | — | $1,898,127 |