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  1. Companies/
  2. FIRSTENERGY CORP.
Sponsor portfolioTH

FIRSTENERGY CORP.

EIN 34-1843785-utilities-Latest filing 2024
Plans
5
Retirement
2
$10.38B assets
Welfare
3
$47.7M premiums
Participants
98,509
341 WHITE POND DRIVE - AKRON, OH 44320330-436-1358firstenergycorp.comLinkedIn10001+ employeesutilities
Plans on this EIN
5 filings
#001CashBalance-$6.47B - 38,934 part#002401k-$3.90B - 16,802 part#501Fully Insured-$46.2M - 32,757 lives#504Fully Insured-$1.5M - 3,064 lives#509Self Funded-0 lives

Retirement portfolio analytics

2 plans aggregated / $10.38B assets / 55,736 participants

Assets by plan

Share of aggregate retirement assets

62%top
  • CORP. MASTER PENSION (#001)62%
  • FIRSTENERGY CORP. Savings (#002)38%
Total $10.38BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • CORP. MASTER PENSION (#001)38,934
  • FIRSTENERGY CORP. Savings (#002)16,802
Total 55,736Click row to drill in

Benefits portfolio analytics

3 plans / $47.7M premiums / 35,821 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Life$28.7M
  • Dental$7.4M
  • Long-term disability$6.3M
  • Other$2.6M
  • Vision$2.4M
  • Health$242K
Total $47.7M6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
60%top
  • METROPOLITAN LIFE INSURANCE COMPANY60%
  • DELTA DENTAL OF CALIFORNIA16%
  • PRUDENTIAL INSURANCE COMPANY OF AMERICA13%
  • VISION SERVICE PLAN5%
  • AXIS INSURANCE COMPANY5%
  • +3 more
Total $47.7M8 slices

Broker market share

Schedule A broker compensation

Split broker
62%top
  • WILLIS TOWERS WATSON US LLC62%
  • AIA AMERICAN INS ADMINISTRATORS LLC35%
  • MERCER HEALTH AND BENEFITS, LLC3%
Total $925K3 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#001

FIRSTENERGY CORP. MASTER PENSION PLAN

CashBalance

Assets$6.47B
Participants38,934
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002

FIRSTENERGY CORP. SAVINGS PLAN

401k

Assets$3.90B
Participants16,802
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

FIRSTENERGY CORP WELFARE PLAN

Fully Insured - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$46.2M
Covered lives32,757
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#504

ALLEGHENY ENERGY LONG TERM DISABILITY PLAN

Fully Insured - PRUDENTIAL INSURANCE COMPANY OF AMERICA

Premiums$1.5M
Covered lives3,064
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#509

FIRSTENERGY CORP SEVERANCE BENEFIT PLAN

Self Funded

Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans2

Plan #NameTypeAssetsParticipantsLatest year
001FIRSTENERGY CORP. MASTER PENSION PLANCashBalance$6.47B38,9342024
002FIRSTENERGY CORP. SAVINGS PLAN401k$3.90B16,8022024

Welfare plans3

Plan #NameFundingCarrierPremiumsCoveredLatest year
501FIRSTENERGY CORP WELFARE PLANFully InsuredMETROPOLITAN LIFE INSURANCE COMPANY$46.2M32,7572024
504ALLEGHENY ENERGY LONG TERM DISABILITY PLANFully InsuredPRUDENTIAL INSURANCE COMPANY OF AMERICA$1.5M3,0642024
509FIRSTENERGY CORP SEVERANCE BENEFIT PLANSelf Funded-$002024
Retirement plans
Welfare plans
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