FIRSTENERGY CORP. SAVINGS PLAN Contribution & Employer Match
How FIRSTENERGY CORP. Supports Your Retirement Savings
FIRSTENERGY CORP. provides retirement savings benefits through FIRSTENERGY CORP. SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.
FIRSTENERGY CORP. SAVINGS PLAN Average Participant Retirement Account Value
FIRSTENERGY CORP. SAVINGS PLAN Estimated Average Employee Contribution Amount
594,250.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,285.00 in FIRSTENERGY CORP. SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in FIRSTENERGY CORP. SAVINGS PLAN
An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.
FIRSTENERGY CORP. SAVINGS PLAN Total Employer Contribution and Match Rate
FIRSTENERGY CORP. SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $2,503.00 for 20 years would give you extra $160,196.00, assuming a 10% annual return.
* Data are from public filings.
Are You Leaving Dollars on the Table?
If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.
Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.
FIRSTENERGY CORP. SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute 1% to 75% of their eligible earnings.
2. Employer Match/Contribution Conditions: The employer makes a matching contribution of 50% on the first 6% of eligible compensation contributed by an employee. For IBEW Local 777 participants, the match is 80% on the first 4% of contributions, and for UWUA Local 180 participants, the match is 60% on the first 4%.
3. Vesting Schedule/Eligibility: Participants are vested in the entire value of their account at all times. Eligibility includes all full-time and part-time employees of FE’s subsidiaries and participating employees not represented by a collective bargaining union.
4. Roth 401(k) contribution: The plan allows for Roth 401(k) contributions.
FIRSTENERGY CORP. SAVINGS PLAN Maximum Employer Match Calculator
This calculator helps participants of FIRSTENERGY CORP. SAVINGS PLAN to calculate the minimal bi-weekly contribution that would generate the maximum employer match allowed. It takes into account IRS annual contribution limits. Please update the annual contribution limits below if they are outdated.
2025 IRS 401(k) Contribution Limits
The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:
| 2024 | 2025 | |
|---|---|---|
| Employee elective deferrals (pretax + Roth) | $23,000 | $23,500 |
| Employee + employer contributions combined | $69,000 | $70,000 |
| Catch-up contributions (age 50+) | $7,500 | $7,500 |
| Enhanced catch-up (ages 60–63, SECURE 2.0) | N/A | $11,250 |
The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.
Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.
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