FirstEnergy Corp.
79
Plan:
43
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (79) and the top rated plan (91) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $61,800 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
FirstEnergy Corp. Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 79. This plan is in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. FirstEnergy Corp. Savings Plan currently has over 18,200 active participants and over $2.3B in plan assets.
Retirement Plan Details
| Address |
76 South Main Street
Akron, OH 44308 |
| Industry | Utilities |
| Administrator | Christine L. Walker |
| Net Plan Assets | $2,330,000,000 |
| Total Participants | 18,000 |
| Avg Account Balance | $130,000 |
Compare Other Companies in Peer Group
| Progress Energy | 83.2 |
| PG&E | 82.3 |
| Entergy | 79.6 |
| National Grid USA | 78.9 |
| CenterPoint Energy | 78.8 |
| Consolidated Edison Company of New... | 73.6 |
Top 3 Funds in this 401k
| 1. | SSGA Capital Preservation | 23% |
| 2. | FirstEnergy Corp. Common Stock | 14% |
| 3. | SSgA S&P 500 Index | 11% |
Plan Service Providers
| Insurance Carrier | Genworth Financial |
| Insurance Carrier | Jackson National Life |
| Insurance Carrier | JPMorgan |
| Insurance Carrier | United of Omaha Life Insurance Company |
| Insurance Carrier | Natixis Asset Management Advisors, L.P. |
| Insurance Carrier | RBC Wealth Management |
| Insurance Carrier | UBS |
| Corporate Trustee | State Street Global Advisors |
| Auditor | Bober, Markey, Fedorovich & Company |
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