Original filing (PDF)20251015152217NAL0002542675001

FIRSTENERGY CORP

Name: FIRSTENERGY CORP — FIRSTENERGY CORP WELFARE PLAN, Form 5500 (2024)
Creator: FIRSTENERGY CORP

Form 5500

FILING_RECEIVED

FIRSTENERGY CORP WELFARE PLAN

Health & welfare plan

Signals · 4

45% in single holding23% employer stock~168 bps in Sched C feesNo recordkeeper disclosed

Active participants

12,332

Accounts w/ balance

—

Plan assets (EOY)

$575.6M

Net assets (EOY)

$559.5M

How this plan invests

This plan

2,401 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade B

Above-average plan

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

Total plan cost

Vendor stack

Participation health

100

Knocking points off

Top holding "Health care plan VEBA trusts Various (see attached)" is 45% of plan.
23% of plan in employer / sponsor stock.
168 bps in Schedule C fees — 2696% above peer band of 6 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRSTENERGY CORP.

Plan sponsor

Name

FIRSTENERGY CORP

EIN

34-1843785

Address

341 WHITE POND DRIVE · AKRON, OH · 44320

Phone

(330) 436-1358

Industry

Utilitiessee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4H · Long-Term Disability

4L · Death Benefits (other than life insurance)

4Q · Other

Audit & trust (Schedule H)

Auditor

BOBER MARKEY FEDOROVICH

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

5 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
COMMUNITY INSURANCE COMPANY	31-1440175	—	NONE	$9.3M	—
STATE STREET BANK AND TRUST CO.	04-1867445	—	INVEST MANAGER	$214K	—
LEHMAN BROTHERS ASSET MGMT	13-3712085	—	NONE	$99K	—
MEDICAL MUTUAL SERVICES	34-1922587	—	NONE	$53K	—
LORD ABBETT & CO	13-5620131	—	NONE	$28K	—

Investments

1,964 direct securities· $1.1B(100% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Health care plan VEBA trusts Various (see attached)	—	—	$338.7M	$510.5M	88.7%
Postretirement health benefit trusts Various (see attached)	—	—	$32.2M	$61.9M	10.8%
JPMORGAN EQUITY INDEX TRUST U.S. Large Cap Equities	—	—	$16.1M	$47.8M	8.3%
STATE STREET ILR ADMIN SSYXX Money Market Fund at 4.21% due 12/31/2050	—	—	$24.7M	$24.7M	4.3%
APPLE INC Common Stock	—	—	$1.7M	$17.7M	3.1%
NVIDIA CORP Common Stock	—	—	$907K	$15.5M	2.7%
MICROSOFT CORP Common Stock	—	—	$2.6M	$15.5M	2.7%
JPMORGAN CORE BOND TRUST Intermediate & Long-term Bond Fund	—	—	$15.5M	$13.5M	2.3%
AMAZON.COM INC Common Stock	—	—	$2.0M	$10.2M	1.8%
US TREASURY N/B Government Security at 4.38% due 8/15/2026	—	—	$6.5M	$6.5M	1.1%
META PLATFORMS INC CLASS A Common Stock	—	—	$974K	$6.3M	1.1%
US TREASURY N/B Government Security at 3.88% due 3/31/2025	—	—	$6.0M	$6.0M	1.0%
TESLA INC Common Stock	—	—	$1.0M	$5.6M	1.0%
ALPHABET INC CL A Common Stock	—	—	$927K	$5.5M	0.9%
BROADCOM INC Common Stock	—	—	$734K	$5.2M	0.9%
US TREASURY N/B Government Security at 3.13% due 11/15/2028	—	—	$4.7M	$4.8M	0.8%
ALPHABET INC CL C Common Stock	—	—	$680K	$4.6M	0.8%
US TREASURY N/B Government Security at 4.13% due 10/31/2027	—	—	$4.6M	$4.6M	0.8%
US DOLLAR Cash	—	—	$4.5M	$4.5M	0.8%
US TREASURY N/B Government Security at 1.63% due 10/31/2026	—	—	$4.2M	$4.3M	0.7%
BERKSHIRE HATHAWAY INC CL B Common Stock	—	—	$1.2M	$4.1M	0.7%
US TREASURY N/B Government Security at 1.63% due 5/15/2026	—	—	$4.1M	$3.9M	0.7%
US TREASURY N/B Government Security at 3.50% due 1/31/2030	—	—	$3.7M	$3.8M	0.7%
JPMORGAN CHASE + CO Common Stock	—	—	$736K	$3.3M	0.6%
US TREASURY N/B Government Security at 1.50% due 8/15/2026	—	—	$3.0M	$3.1M	0.5%
US TREASURY N/B Government Security at 0.63% due 8/15/2030	—	—	$3.0M	$3.1M	0.5%
ELI LILLY + CO Common Stock	—	—	$405K	$3.1M	0.5%
US TREASURY N/B Government Security at 3.88% due 11/30/2027	—	—	$2.9M	$2.9M	0.5%
VISA INC CLASS A SHARES Common Stock	—	—	$439K	$2.5M	0.4%
EXXON MOBIL CORP Common Stock	—	—	$1.1M	$2.4M	0.4%
UNITEDHEALTH GROUP INC Common Stock	—	—	$510K	$2.3M	0.4%
US TREASURY N/B Government Security at 4.00% due 2/15/2034	—	—	$2.3M	$2.2M	0.4%
MASTERCARD INC A Common Stock	—	—	$315K	$2.1M	0.4%
US TREASURY N/B Government Security at 4.38% due 5/15/2034	—	—	$2.2M	$2.1M	0.4%
US TREASURY N/B Government Security at 4.50% due 11/15/2033	—	—	$2.1M	$2.1M	0.4%
US TREASURY N/B Government Security at 2.88% due 4/30/2029	—	—	$2.0M	$2.0M	0.3%
COSTCO WHOLESALE CORP Common Stock	—	—	$261K	$2.0M	0.3%
US TREASURY N/B Government Security at 4.25% due 11/15/2034	—	—	$2.0M	$2.0M	0.3%
US TREASURY N/B Government Security at 6.13% due 8/15/2029	—	—	$2.0M	$2.0M	0.3%
WALMART INC Common Stock	—	—	$474K	$1.9M	0.3%
US TREASURY N/B Government Security at 5.25% due 2/15/2029	—	—	$2.3M	$1.9M	0.3%
HOME DEPOT INC Common Stock	—	—	$328K	$1.9M	0.3%
NETFLIX INC Common Stock	—	—	$236K	$1.9M	0.3%
US TREASURY N/B Government Security at 4.00% due 1/31/2031	—	—	$1.9M	$1.9M	0.3%
JOHNSON + JOHNSON Common Stock	—	—	$760K	$1.7M	0.3%
FED HM LN PC POOL SD8172 Government Security at 2.00% due 10/1/2051	—	—	$1.7M	$1.6M	0.3%
US TREASURY N/B Government Security at 3.75% due 5/31/2030	—	—	$1.6M	$1.6M	0.3%
US TREASURY N/B Government Security at 0.75% due 1/31/2028	—	—	$1.5M	$1.6M	0.3%
ABBVIE INC Common Stock	—	—	$424K	$1.5M	0.3%
SALESFORCE INC Common Stock	—	—	$349K	$1.5M	0.3%
BANK OF AMERICA CORP Common Stock	—	—	$735K	$1.4M	0.3%
US TREASURY N/B Government Security at 0.88% due 9/30/2026	—	—	$1.4M	$1.4M	0.2%
WASHINGTON ST State Government Security at 5.00% due 6/1/2031	—	—	$1.5M	$1.4M	0.2%
ORACLE CORP Common Stock	—	—	$240K	$1.3M	0.2%
LEWISVILLE TX State Government Security at 5.00% due 2/15/2033	—	—	$1.3M	$1.3M	0.2%
MERCK + CO. INC. Common Stock	—	—	$500K	$1.2M	0.2%
CHEVRON CORP Common Stock	—	—	$576K	$1.2M	0.2%
US TREASURY N/B Government Security at 4.13% due 10/31/2031	—	—	$1.2M	$1.2M	0.2%
COCA COLA CO/THE Common Stock	—	—	$635K	$1.2M	0.2%
CISCO SYSTEMS INC Common Stock	—	—	$436K	$1.2M	0.2%
US TREASURY N/B Government Security at 4.63% due 4/30/2029	—	—	$1.2M	$1.2M	0.2%
US TREASURY N/B Government Security at 3.75% due 12/31/2030	—	—	$1.2M	$1.2M	0.2%
WELLS FARGO + CO Common Stock	—	—	$572K	$1.2M	0.2%
Detail of health care plan VEBA trusts * STATE STREET ILR ADMIN SSYXX Money Market Fund at 4.21% due 12/31/2050	—	—	$1.1M	$1.1M	0.2%
MIAMI DADE CNTY FL SPL OBLIG State Government Security at 5.00% due 4/1/2037	—	—	$1.1M	$1.1M	0.2%
CURATORS OF THE UNIV OF MISSOU State Government Security at 5.00% due 11/1/2030	—	—	$1.2M	$1.1M	0.2%
NEW YORK NY State Government Security at 5.00% due 8/1/2031	—	—	$1.2M	$1.1M	0.2%
ACCENTURE PLC CL A Common Stock	—	—	$219K	$1.1M	0.2%
SERVICENOW INC Common Stock	—	—	$179K	$1.1M	0.2%
US TREASURY N/B Government Security at 3.50% due 2/15/2033	—	—	$1.1M	$1.1M	0.2%
PEPSICO INC Common Stock	—	—	$466K	$1.0M	0.2%
MCDONALD S CORP Common Stock	—	—	$227K	$1.0M	0.2%
WALT DISNEY CO/THE Common Stock	—	—	$480K	$1.0M	0.2%
LINDE PLC Common Stock	—	—	$751K	$993K	0.2%
INTL BUSINESS MACHINES CORP Common Stock	—	—	$444K	$989K	0.2%
THERMO FISHER SCIENTIFIC INC Common Stock	—	—	$170K	$974K	0.2%
ABBOTT LABORATORIES Common Stock	—	—	$239K	$968K	0.2%
ADVANCED MICRO DEVICES Common Stock	—	—	$400K	$958K	0.2%
PHILIP MORRIS INTERNATIONAL Common Stock	—	—	$322K	$930K	0.2%
US TREASURY N/B Government Security at 4.00% due 2/28/2030	—	—	$924K	$928K	0.2%
INTUITIVE SURGICAL INC Common Stock	—	—	$137K	$912K	0.2%
GENERAL ELECTRIC Common Stock	—	—	$544K	$894K	0.2%
FNMA POOL MA4492 Government Security at 2.00% due 12/1/2051	—	—	$1.0M	$894K	0.2%
US TREASURY N/B Government Security at 3.13% due 8/31/2027	—	—	$862K	$889K	0.2%
GOLDMAN SACHS GROUP INC Common Stock	—	—	$218K	$881K	0.2%
US TREASURY N/B Government Security at 3.63% due 9/30/2031	—	—	$892K	$879K	0.2%
US TREASURY N/B Government Security at 3.75% due 8/31/2031	—	—	$920K	$877K	0.2%
CATERPILLAR INC Common Stock	—	—	$131K	$868K	0.2%
VIRGINIA BEACH VA State Government Security at 5.00% due 2/1/2037	—	—	$870K	$856K	0.1%
QUALCOMM INC Common Stock	—	—	$242K	$855K	0.1%
VERIZON COMMUNICATIONS INC Common Stock	—	—	$842K	$834K	0.1%
AMERICAN EXPRESS CO Common Stock	—	—	$105K	$832K	0.1%
INTUIT INC Common Stock	—	—	$170K	$827K	0.1%
BOOKING HOLDINGS INC Common Stock	—	—	$72K	$810K	0.1%
US TREASURY N/B Government Security at 4.25% due 6/30/2029	—	—	$816K	$801K	0.1%
US TREASURY N/B Government Security at 3.88% due 8/15/2033	—	—	$801K	$799K	0.1%
AT+T INC Common Stock	—	—	$730K	$799K	0.1%
US TREASURY N/B Government Security at 4.13% due 7/31/2031	—	—	$810K	$784K	0.1%
S+P GLOBAL INC Common Stock	—	—	$129K	$768K	0.1%
PALANTIR TECHNOLOGIES INC A Common Stock	—	—	$285K	$765K	0.1%
US TREASURY N/B Government Security at 2.63% due 7/31/2029	—	—	$753K	$756K	0.1%
RTX CORP Common Stock	—	—	$259K	$753K	0.1%
US TREASURY N/B Government Security at 1.25% due 9/30/2028	—	—	$761K	$751K	0.1%
PFIZER INC Common Stock	—	—	$633K	$735K	0.1%
MORGAN STANLEY Common Stock	—	—	$199K	$731K	0.1%
NEXTERA ENERGY INC Common Stock	—	—	$272K	$728K	0.1%
DANAHER CORP Common Stock	—	—	$151K	$727K	0.1%
COMCAST CORP CLASS A Common Stock	—	—	$354K	$723K	0.1%
UNION PACIFIC CORP Common Stock	—	—	$134K	$711K	0.1%
HONEYWELL INTERNATIONAL INC Common Stock	—	—	$189K	$707K	0.1%
LOWE S COS INC Common Stock	—	—	$127K	$703K	0.1%
PROGRESSIVE CORP Common Stock	—	—	$82K	$695K	0.1%
AMGEN INC Common Stock	—	—	$236K	$691K	0.1%
HILLSBOROUGH CNTY FL AVIATION State Government Security at 5.00% due 10/1/2035	—	—	$710K	$690K	0.1%
MINNESOTA ST State Government Security at 4.00% due 8/1/2037	—	—	$697K	$677K	0.1%
TJX COMPANIES INC Common Stock	—	—	$36K	$675K	0.1%
VIRGINIA ST PUBLIC BLDG AUTH P State Government Security at 4.00% due 8/1/2035	—	—	$693K	$672K	0.1%
APPLIED MATERIALS INC Common Stock	—	—	$84K	$666K	0.1%
CITIGROUP INC Common Stock	—	—	$681K	$658K	0.1%
BOSTON SCIENTIFIC CORP Common Stock	—	—	$156K	$653K	0.1%
INDIANAPOLIS IN LOCAL PUBLIC I State Government Security at 5.00% due 1/1/2037	—	—	$676K	$648K	0.1%
EATON CORP PLC Common Stock	—	—	$111K	$648K	0.1%
TINLEY PARK IL State Government Security at 5.00% due 12/1/2037	—	—	$658K	$637K	0.1%
STATE STREET ILR ADMIN SSYXX Money Market Fund at 4.21% due 12/31/2050	—	—	$632K	$632K	0.1%
CONOCOPHILLIPS Common Stock	—	—	$252K	$626K	0.1%
STRYKER CORP Common Stock	—	—	$109K	$624K	0.1%
NORTH DAKOTA ST PUBLIC FIN AUT State Government Security at 5.00% due 10/1/2037	—	—	$634K	$619K	0.1%
BLACKSTONE INC Common Stock	—	—	$368K	$619K	0.1%
UBER TECHNOLOGIES INC Common Stock	—	—	$387K	$617K	0.1%
KOREA DEVELOPMENT BANK Government Security at 4.13% due 10/16/2027	—	—	$618K	$612K	0.1%
BOEING CO/THE Common Stock	—	—	$378K	$604K	0.1%
OHIO ST WTR DEV AUTH WTR POLL State Government Security at 5.00% due 12/1/2029	—	—	$598K	$595K	0.1%
AUTOMATIC DATA PROCESSING Common Stock	—	—	$105K	$585K	0.1%
FISERV INC Common Stock	—	—	$100K	$584K	0.1%
US TREASURY N/B Government Security at 4.00% due 7/31/2029	—	—	$597K	$581K	0.1%
PALO ALTO NETWORKS INC Common Stock	—	—	$122K	$578K	0.1%
Detail of postretirement health benefit trusts BLACKROCK LIQUID TREASURIES Short-term Securities variable	—	—	$577K	$577K	0.1%
KANSAS ST DEV FIN AUTH REVENUE State Government Security at 5.00% due 5/1/2037	—	—	$589K	$569K	<0.1%
CLARK CNTY NV State Government Security at 5.00% due 7/1/2038	—	—	$584K	$567K	<0.1%
INDIANA ST FIN AUTH REVENUE State Government Security at 5.00% due 2/1/2038	—	—	$584K	$565K	<0.1%
VIRGINIA ST CLG BLDG AUTH EDUC State Government Security at 5.00% due 2/1/2032	—	—	$544K	$563K	<0.1%
MCKINNEY TX State Government Security at 5.00% due 8/15/2037	—	—	$578K	$562K	<0.1%
GILEAD SCIENCES INC Common Stock	—	—	$141K	$562K	<0.1%
FNMA POOL MA4493 Government Security at 2.50% due 12/1/2051	—	—	$681K	$559K	<0.1%
CHUBB LTD Common Stock	—	—	$179K	$559K	<0.1%
MET GOVT NASHVILLE DAVIDSON State Government Security at 5.00% due 1/1/2031	—	—	$568K	$557K	<0.1%
NEW LENOX IL State Government Security at 5.00% due 12/15/2036	—	—	$574K	$555K	<0.1%
BRISTOL MYERS SQUIBB CO Common Stock	—	—	$417K	$553K	<0.1%
BROWARD CNTY FL SCH DIST State Government Security at 5.00% due 7/1/2032	—	—	$564K	$553K	<0.1%
ARISTA NETWORKS INC Common Stock	—	—	$105K	$543K	<0.1%
PORT AUTH OF NEW YORK NEW JE State Government Security at 5.00% due 7/15/2035	—	—	$555K	$541K	<0.1%
WASHOE CNTY NV SCH DIST State Government Security at 5.00% due 6/1/2036	—	—	$551K	$537K	<0.1%
DEERE + CO Common Stock	—	—	$104K	$532K	<0.1%
NEW YORK ST URBAN DEV CORP SAL State Government Security at 5.00% due 3/15/2040	—	—	$564K	$529K	<0.1%
GRAND PARKWAY TRANSPRTN CORP T State Government Security at 5.00% due 10/1/2032	—	—	$531K	$529K	<0.1%
ANALOG DEVICES INC Common Stock	—	—	$181K	$526K	<0.1%
VERTEX PHARMACEUTICALS INC Common Stock	—	—	$180K	$526K	<0.1%
T MOBILE US INC Common Stock	—	—	$231K	$525K	<0.1%
LOCKHEED MARTIN CORP Common Stock	—	—	$161K	$516K	<0.1%
OREGON ST State Government Security at 5.00% due 8/1/2025	—	—	$518K	$516K	<0.1%
MARYLAND ST DEPT OF TRANSPRTN State Government Security at 5.00% due 10/1/2025	—	—	$514K	$513K	<0.1%
NEW JERSEY ST HLTH CARE FACS F State Government Security at 5.00% due 7/1/2045	—	—	$526K	$511K	<0.1%
STARBUCKS CORP Common Stock	—	—	$114K	$510K	<0.1%
FRISCO TX State Government Security at 5.00% due 2/15/2036	—	—	$516K	$508K	<0.1%
FNMA POOL MA4325 Government Security at 2.00% due 5/1/2051	—	—	$568K	$500K	<0.1%
MARSH + MCLENNAN COS Common Stock	—	—	$103K	$499K	<0.1%
EL PASO TX State Government Security at 5.00% due 8/15/2034	—	—	$514K	$498K	<0.1%
KKR + CO INC Common Stock	—	—	$110K	$495K	<0.1%
PROLOGIS INC REIT	—	—	$211K	$485K	<0.1%
YSLETA TX INDEP SCH DIST State Government Security at 5.00% due 8/15/2025	—	—	$480K	$481K	<0.1%
GNMA II POOL MA7534 Government Security at 2.50% due 8/20/2051	—	—	$564K	$479K	<0.1%
COLORADO ST HLTH FACS AUTH REV State Government Security at 5.00% due 11/15/2049	—	—	$475K	$469K	<0.1%
LAM RESEARCH CORP Common Stock	—	—	$70K	$463K	<0.1%
APPLE INC Fixed Income Security at 3.20% due 5/11/2027	—	—	$474K	$462K	<0.1%
MICRON TECHNOLOGY INC Common Stock	—	—	$143K	$457K	<0.1%
MARVELL TECHNOLOGY INC Common Stock	—	—	$127K	$456K	<0.1%
SOUTHERN CO/THE Common Stock	—	—	$196K	$455K	<0.1%
HILLSBOROUGH CNTY FLA INDL DEV State Government Security at 5.00% due 11/15/2034	—	—	$470K	$455K	<0.1%
DANE CNTY WI State Government Security at 5.00% due 6/1/2036	—	—	$472K	$454K	<0.1%
ALTRIA GROUP INC Common Stock	—	—	$175K	$452K	<0.1%
UNITED PARCEL SERVICE CL B Common Stock	—	—	$290K	$452K	<0.1%
EQUINIX INC REIT	—	—	$133K	$444K	<0.1%
NIKE INC CL B Common Stock	—	—	$194K	$443K	<0.1%
MIAMI DADE CNTY FL WTR SWR R State Government Security at 5.00% due 10/1/2025	—	—	$443K	$441K	<0.1%
NEW YORK NY State Government Security at 5.00% due 8/1/2026	—	—	$444K	$438K	<0.1%
NEW YORK ST DORM AUTH SALES TA State Government Security at 5.00% due 3/15/2026	—	—	$438K	$435K	<0.1%
APOLLO GLOBAL MANAGEMENT INC Common Stock	—	—	$137K	$427K	<0.1%
TEXAS ST State Government Security at 5.00% due 10/1/2025	—	—	$428K	$426K	<0.1%
OHIO ST WTR DEV AUTH WTR POLL State Government Security at 5.00% due 12/1/2033	—	—	$427K	$423K	<0.1%
AMERICAN TOWER CORP REIT	—	—	$107K	$421K	<0.1%
TRIBOROUGH NY BRIDGE TUNNEL State Government Security at 5.00% due 5/15/2027	—	—	$417K	$420K	<0.1%
FNMA POOL FM8422 Government Security at 2.50% due 8/1/2051	—	—	$480K	$418K	<0.1%
PAYPAL HOLDINGS INC Common Stock	—	—	$173K	$418K	<0.1%
APPLOVIN CORP CLASS A Common Stock	—	—	$82K	$416K	<0.1%
KLA CORP Common Stock	—	—	$63K	$415K	<0.1%
CADENCE DESIGN SYS INC Common Stock	—	—	$97K	$412K	<0.1%
PARKER HANNIFIN CORP Common Stock	—	—	$14K	$411K	<0.1%
CME GROUP INC Common Stock	—	—	$162K	$410K	<0.1%
FED HM LN PC POOL SD8160 Government Security at 2.00% due 8/1/2051	—	—	$535K	$410K	<0.1%
INTERCONTINENTAL EXCHANGE IN Common Stock	—	—	$141K	$408K	<0.1%

Showing top 200 of 1,964 investments by value.