SEC Form 11-K filed by FirstEnergy Corp.

6/26/25 3:54:25 PM ET

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11-K 1 a2024fesavingsplan-11k.htm 11-K Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

For Annual Reports of Employee Stock Purchase, Savings and Similar Plans

Pursuant to Section 15(d) of the

Securities Exchange Act of 1934

(Mark One)

{X}

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the fiscal year ended December 31, 2024

{ }

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from _________ to __________.

Commission file number 333-21011

Full title of the plan and the address of the plan, if different from that of the

issuer named below:

FIRSTENERGY CORP. SAVINGS PLAN

Name of issuer of the securities held pursuant to the plan and the address

of its principal executive office:

FIRSTENERGY CORP.

341 WHITE POND DRIVE

AKRON, OH 44320


FirstEnergy Corp. Savings Plan
Table of Contents

			Page


Report of Independent Registered Public Accounting Firm			1-2

Financial Statements:
Statements of Net Assets Available for Benefits as of
December 31, 2024 and 2023			3

Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2024			4

Notes to Financial Statements			5-11

Supplemental Schedule:
Schedule H, line 4i – Schedule of Assets (Held at End of Year)
as of December 31, 2024			12-20

Other schedules of additional financial information have been omitted as they are not applicable or are not required based on the disclosure requirements of the Employee Retirement Income Security Act of 1974 and applicable regulations issued by the United States Department of Labor.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and Savings Plan Committee of the

FirstEnergy Corp. Savings Plan

Akron, Ohio

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of FirstEnergy Corp. Savings Plan (the “Plan”) as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for purposes of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant

estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

We have served as the Plan’s auditor since 2003.

/s/ BOBER, MARKEY, FEDOROVICH & COMPANY

Cleveland, Ohio

June 26, 2025

FirstEnergy Corp. Savings Plan

Statements of Net Assets Available for Benefits

___________________________________________________________________________________________________________________________________________


	As of December 31,
	2024		2023
Assets
Investments:
Investments, at fair value (see Note 5)	$	3,519,948,469	$	3,270,823,075
Investments, at contract value (see Note 6)	343,738,308		390,733,610
Total investments	3,863,686,777		3,661,556,685

Receivables:
Accrued interest and dividends	796,313		1,405,415


Notes receivable from participants	56,461,860		52,418,001
Due from brokers	582,369		9,893,184
Total receivables	57,840,542		63,716,600
Total assets	3,921,527,319		3,725,273,285


Liabilities
Administrative expenses payable	456,062		642,133
Due to brokers	2,306,444		26,822,252
Total liabilities	2,762,506		27,464,385

Net assets available for benefits	$	3,918,764,813	$	3,697,808,900

The accompanying notes are an integral part of these financial statements.

FirstEnergy Corp. Savings Plan

Statement of Changes in Net Assets Available for Benefits

___________________________________________________________________________________________________________________________________


	For the Year Ended
	December 31, 2024
Additions:
Contributions:
Employer	$	42,456,995
Participant	167,376,776
Total contributions	209,833,771

Investment income:
Interest and dividends	58,296,577
Net change in fair value of investments	390,813,030
Total investment income	449,109,607

Interest income on notes receivable from participants	3,791,555

Deductions:
Distributions to participants	(438,287,812)
Administrative expenses	(3,491,208)
Total deductions	(441,779,020)

Increase in net assets available for benefits	220,955,913


Net assets available for benefits, beginning of year	3,697,808,900

Net assets available for benefits, end of year	$	3,918,764,813

The accompanying notes are an integral part of these financial statements.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

1.Description of the Plan

The following brief description of the FirstEnergy Corp. Savings Plan (Plan) is provided for general information purposes only. Participants should refer to the Plan documents for more complete information.

General

The Plan is a defined contribution plan and was established to provide a systematic savings program for eligible employees and to supplement such savings with employer contributions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (IRC).

Administration

FirstEnergy Corp. (FE) is the sponsor of the Plan. The FE Savings Plan Committee is the administrator of the Plan and has responsibility for the day-to-day administration of the Plan. Record keeping with respect to individual participant accounts is maintained by Fidelity Workplace Services, LLC. Plan assets are held in trust under an arrangement with Fidelity Management Trust.

Participation

Generally, all full-time and part-time employees of FE's subsidiaries and participating employees not represented by a collective bargaining union are eligible to participate in the Plan. Full-time and part-time employees represented by a labor union may participate to the extent permitted by their respective collective bargaining agreement.

Effective January 1, 2018, except as further noted, new employees who do not make an affirmative election are deemed to have made an election to contribute, on a pre-tax basis, 6% of eligible earnings for each payroll period with automatic increases of 1% each April until the employee contribution rate reaches 10%. International Brotherhood of Electrical Workers (IBEW) Local 777 participants are automatically enrolled at 4% and have an automatic increase of 1% per year up to 10%. Automatic enrollment and annual increases can be changed by plan participants at any time. A new employee who has not made an affirmative election as to the investment of his or her account shall have his or her account invested in the age appropriate LifePath Portfolio Fund made available to Plan participants. A LifePath Portfolio Fund is an investment alternative that provides a mixture of fixed income and equity investments that are matched to an individual’s age and assumed retirement date. Subject to the FirstEnergy insider trading policy, a participant may change any automatic contribution at any time.

Contributions

Subject to IRC limitations, the Plan allows each participant to contribute 1% to 75% (unless otherwise provided by a collective bargaining agreement) of their eligible earnings to the Plan through payroll deductions. Participant contributions may be made as before-tax, after-tax or Roth 401(k) contributions (unless otherwise provided by a collective bargaining agreement). During any calendar year in which a participant attains age 50 or older, he or she may elect to make additional pre-tax contributions and/or Roth contributions, called “catch-up” contributions.

FE makes a matching contribution of 50% on the first 6% of eligible compensation contributed by an employee, except for IBEW Local 777 participants who receive a matching contribution of 80% on the first 4% of eligible contributions. All employer matching contributions are provided as shares in FE common stock, except for certain IBEW Local 777 participants whose matching contributions are made in cash. Catch-up contributions are not eligible for matching contributions. The number of shares of FE common stock contributed to each participant is based on the market price of FE common stock as of the end of each pay period. Plan participants may diversify matching contributions held in FE common stock at any time, subject to certain limitations.

Participant Accounts

Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, employer matching contributions and allocated Plan earnings. Participants are vested in the entire value of their account at all times.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

Investments

Participants direct the investment of their contributions and account balances into various investment options including ten LifePath Funds that include a diversified mix of asset classes based on expected retirement dates (commonly referred to as target date funds), fifteen Plan investment options with different objectives covering a range of asset classes and risk levels and a self-managed brokerage account that offers participants the ability to invest in any security listed on the New York Stock Exchange (NYSE), the NYSE MKT LLC (formerly known as the American Stock Exchange or NYSE Amex LLC) or the NASDAQ and a wide range of mutual funds.

The Plan’s investment options include a fund of shares of FE common stock, which together with a small portion of cash maintained for liquidity purposes, are recorded on a unit basis. FE’s common shares are traded on the NYSE and participation units in the FE Common Stock Fund are valued at the NYSE closing price on the last business day of the plan year. The valuation per share of FE’s common stock was $39.78 and $36.66 at December 31, 2024 and 2023, respectively. The valuation per unit of the FE Common Stock Fund was $48.46 and $44.69 at December 31, 2024 and 2023, respectively, due to cash maintained in the fund for liquidity purposes.

Notes Receivable from Participants

Participants may borrow up to 50% of their total account balance, excluding their Roth 401(k) balance, not exceeding $50,000, including loans outstanding and the highest unpaid loan balance over the previous 12 months. The interest rate for new loans is adjusted each quarter to the prime rate plus 1% based on the prime rate on approximately the 15th day of the last month of the preceding quarter. Effective April 1, 2019, the interest rate for new loans will be equal to the prime rate that is published by Reuters on the last day of the month before the start of the calendar quarter in which the loan is approved, plus 1%. The range of interest rates on outstanding loan balances during the year ended December 31, 2024 was 4.25% to 9.75%. Participants may have up to two loans outstanding at one time. The minimum loan amount is $1,000 and must be repaid within 6 to 60 months. If the loan is for the purchase of a principal residence, the loan repayment period can be extended up to 30 years. Principal repayments and payments of interest are credited to the participant’s account when made, generally through payroll deduction. If a participant fails to make regularly scheduled payments, the participant has 90 days from the first missed scheduled repayment to pay the full amount in arrears. If full repayment of the amount in arrears doesn’t occur, the outstanding balance of the loan will be defaulted and become a taxable distribution to the participant. If an eligible participant elects to take full distribution of their account balance and a loan balance remains, the entire loan balance remaining will be taxable.

Payment of Benefits

Upon termination of service due to disability, retirement or any other reason, a participant may elect to receive the full value or a portion of his or her account, defer payment to a later date (generally, not beyond April 1st of the year following the year the participant reaches age 73 (for participants who reach 72 after December 31, 2022) or receive installment payments. In the event of a participant’s death, the participant’s spouse may elect to withdraw all or a portion of the former participant’s account or keep the funds in the Plan in accordance with provisions of the Plan, all other beneficiaries must withdraw or rollover the former participant's account within 180 days. Retired and separated participants with vested balances of $1,000 or less are required to take full distribution of their account.

Subsequent Events

Management evaluated subsequent events for the Plan through June 26, 2025, the date the financial statements were available to be issued.

2.Summary of Significant Accounting Policies

The accompanying financial statements have been prepared on the accrual basis of accounting. Benefits are recorded when paid. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results may differ from these estimates.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

The Plan’s investments are stated at fair value. Fair value reflects the price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between willing market participants on the measurement date. See Note 5 for a discussion of fair value measurements. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of the Plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan.

Notes receivable from participants represent participant loans and are measured at their unpaid principal balance plus any accrued interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. Repayments of principal and interest are recognized in the period in which payroll deductions are processed.

Investment income consists of interest and dividend income. The net change in the fair value of investments consists of realized and unrealized gains and losses on those investments. Dividend income is accrued on the ex-dividend date. Purchases and sales of securities are recorded on a trade-date basis. Realized gains and losses from security transactions are reported based on historical cost.

Expenses for the administration of the Plan are generally paid by the Plan.

3.Recently Adopted Accounting Pronouncements

Effective January 1, 2024, the Plan adopted ASU 2022-03, "Fair Value Measurements of Equity Securities Subject to Contractual Sale Restrictions " (Issued in June 2022): ASU 2022-03 clarifies current guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, and introduces new disclosure requirements for those equity securities subject to contractual restrictions. Adoption of ASU 2022-03 did not have a material impact on the Plan's financial statements.

4.Plan Termination

Although FE has not expressed any intent to do so, it reserves the right to discontinue or terminate the Plan at any time. If the Plan were terminated, in whole or in part, participants would be entitled to withdraw the full value of their accounts, to the extent allowed by law.

5.Investments and Fair Value Measurements

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

Authoritative accounting guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy gives the highest priority to Level 1 measurements and the lowest priority to Level 3 measurements.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

The three levels of the fair value hierarchy are as follows:


Level 1						– Quoted prices for identical instruments in active markets.

Level 2						– Quoted prices for similar instruments in active markets;
						– Quoted prices for identical or similar instruments in markets that are not active; and
						– Model-derived valuations for which all significant inputs are observable market data.

						Models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic measures.

Level 3						– Valuation inputs are unobservable and significant to the fair value measurement.

The Plan did not hold any Level 3 investments as of December 31, 2024 or 2023, or during the year ended December 31, 2024.

There were no changes in valuation methodologies for assets measured at fair value during 2024.

The following tables set forth, by level within the fair value hierarchy, the fair value of the Plan’s investments as of December 31, 2024 and 2023:


	December 31, 2024
	Level 1		Level 2		Total

Cash and Cash Equivalents	$	—	$	15,455	$	15,455

Common Collective Trusts	—		2,257,682,707		2,257,682,707

FE Common Stock Fund
FE Common Stock	415,883,749		—		415,883,749
Cash and Cash Equivalents	—		680,470		680,470
Total FE Common Stock Fund	415,883,749		680,470		416,564,219

Registered Investment Companies	628,074,470		2,970,594		631,045,064

Self-Managed Brokerage Accounts1	—		214,641,024		214,641,024

Total Investments at Fair Value2	$	1,043,958,219	$	2,475,990,250	$	3,519,948,469


1 The brokerage account investments are directed by participants.
2 Values do not include investments at contract value.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________


	December 31, 2023
	Level 1		Level 2		Total



Common Collective Trusts	$	—	$	2,010,277,469	$	2,010,277,469

FE Common Stock Fund
FE Common Stock	383,478,557		—		383,478,557
Cash and Cash Equivalents	—		1,360,901		1,360,901
Total FE Common Stock Fund	383,478,557		1,360,901		384,839,458

Registered Investment Companies	550,527,422		151,357,996		701,885,418

Self-Managed Brokerage Accounts1	—		173,820,730		173,820,730

Total Investments at Fair Value 2	$	934,005,979	$	2,336,817,096	$	3,270,823,075

1 The brokerage account investments are directed by participants.
2 Values do not include investments at contract value.

6.Fully Benefit-Responsive Investment Contracts

The Plan has an interest in synthetic guaranteed investment contracts (GICs) as part of the Capital Preservation Fund, which is managed by Pacific Investment Management Company (PIMCO).

In accordance with authoritative guidance for defined contribution plans, investment contracts are generally measured at contract value rather than fair value to the extent they are fully benefit-responsive. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants transact with their investment in the Capital Preservation Fund at contract value as determined by the insurers and banks. No valuation reserve in relation to the contract value was deemed necessary. The Statement of Changes in Net Assets Available for Benefits and the Statements of Net Assets Available for Benefits present the synthetic GICs on a contract value basis.

A synthetic investment contract includes a wrapper contract, which is an agreement for the wrap issuer, such as a bank or insurance company, to make payments to the Plan in certain circumstances. The wrapper contract typically includes certain conditions and limitations on the underlying assets owned by the Plan.

The synthetic investment contracts held by the Plan include wrapper contracts that provide a guarantee that the credit rate will not fall below 0%. Cash flow volatility (for example, timing of benefit payments), as well as asset underperformance, can be passed through to the Plan through adjustments to future contract crediting rates. Formulas are provided in each contract that adjusts renewal crediting rates to recognize the difference between the fair value and the book value of the underlying assets. Crediting rates are reviewed monthly for resetting.

Certain events limit the ability of the Plan to transact with the issuer at contract value. These events include closings (location, subsidiary, division), layoffs, Plan termination, bankruptcy or reorganization, corporate merger, early retirement incentive programs or similar events. The Plan Administrator does not believe any such events of the magnitude that would limit the Plan’s ability to transact at contract value are probable. The GICs do not permit the issuers to terminate the contracts at an amount other than contract value.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

The following represents the disaggregation of contract value between types of investment contracts held by the Plan at December 31, 2024 and 2023:


	2024		2023

Short-term investment fund	$	10,697,898	$	10,607,181
Synthetic GICs	333,040,410		380,126,429
Total Investments at contract value	$	343,738,308	$	390,733,610

The synthetic GICs are presented on Schedule H, line 4i - Schedule of Assets (Held at End of Year) at fair value as a requirement of Form 5500. The fair value of the synthetic GICs represents the total fair value of the underlying assets plus the wrap value, which is calculated by using the discounted cash flows of the difference between the current wrap fee and the market indication wrap fee.

7.Tax Considerations

The Plan is exempt from federal, state and local income taxes. The Plan obtained its latest favorable determination letter on October 27, 2016, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC.

The federal, state and local income tax treatments of distributions from the Plan depend upon when they are made and their form. The withdrawal of the principal amount of a participant's after-tax contribution is not, however, subject to tax. For tax years beginning after December 31, 1986, the Tax Reform Act of 1986 requires that an additional tax of 10% be applied to participant withdrawals from the Plan prior to death, disability, attainment of age 59-1/2 or under certain other limited circumstances. In the case of withdrawal by a participant employed by FE or its consolidated subsidiaries (FirstEnergy) prior to the attainment of age 59-1/2, the excess of the value of the withdrawal over the total amount of the participant's after-tax contributions, is taxable at ordinary income tax rates. The value of FE’s common stock withdrawn is considered to be its fair value on the date it is withdrawn.

In the case of a distribution that qualifies as a lump-sum distribution upon a participant's termination of employment with FirstEnergy or after attaining the age of 59-1/2, only the excess of the value of the lump sum distribution over the amount of the participant's after-tax contributions to the Plan (less withdrawals) is taxable at ordinary income tax rates. In determining the value of the lump-sum distribution, the FE common stock distributed in-kind or in cash is measured at fair value on the date it is withdrawn.

The Plan is subject to audits by taxing jurisdictions. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more than likely would not be sustained upon examination by taxing authorities. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

8.Party-In-Interest Transactions

Certain Plan investments are shares of mutual funds managed by Fidelity Investments. Fidelity Management Trust, a related company, is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.

PIMCO is the fund manager of the Capital Preservation Fund and invests in certain investments managed by PIMCO and, therefore, these transactions qualify as party-in-interest transactions.

Certain Plan investments are shares of FE common stock with sales and purchases of the stock commencing on an as-needed basis. The investments and transactions qualify as party-in-interest transactions.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

Additionally, the Plan uses the services of other fund managers that are paid directly by the Plan.

All of the above transactions are exempt from the prohibited transaction rules of ERISA.

9.Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits, investment income and interest income on notes receivable per the financial statements to Form 5500 as of December 31, 2024 and 2023, and for the year ended December 31, 2024:


	2024		2023

Net assets available for benefits per the financial statements	$	3,918,764,813	$	3,697,808,900
Adjustment from contract value to fair value for fully-benefit
responsive investment contracts	(20,710,669)		(24,541,857)
Net assets available for benefits per Form 5500	$	3,898,054,144	$	3,673,267,043

Total investment income and interest income on notes receivable
from participants per the financial statements	$	452,901,162
Adjustment from contract value to fair value for fully-benefit
responsive investment contracts	3,831,188
Investment income per Form 5500	$	456,732,350

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost ($)

Current Value ($)

STIF

Money market fund

15,456

FIRSTENERGY COMMON STOCK FUND

FirstEnergy common stock

416,564,219

FIDELITY PURITAN FUND K6

Balanced fund

169,556,527

FIDELITY GOVERNMENT MARKET

U.S. government securities

4,120

BLACKROCK ACWI EX US - L

International stocks

49,405,403

AMERICAN FUNDS EUROPACIFIC GROWTH FUND

International stocks

73,475,294

BLACKROCK LIFEPATH INDEX RETIREMENT FUND W

Blend of stocks, fixed income

194,980,758

BLACKROCK LIFEPATH INDEX 2030 FUND W

Blend of stocks, fixed income

117,395,189

BLACKROCK LIFEPATH INDEX 2035 FUND W

Blend of stocks, fixed income

95,639,793

BLACKROCK LIFEPATH INDEX 2040 FUND W

Blend of stocks, fixed income

81,570,891

BLACKROCK LIFEPATH INDEX 2045 FUND W

Blend of stocks, fixed income

94,253,150

BLACKROCK LIFEPATH INDEX 2050 FUND W

Blend of stocks, fixed income

121,504,922

BLACKROCK LIFEPATH INDEX 2055 FUND W

Blend of stocks, fixed income

100,684,683

BLACKROCK LIFEPATH INDEX 2060 FUND W

Blend of stocks, fixed income

66,482,128

BLACKROCK LIFEPATH INDEX 2065 FUND W

Blend of stocks, fixed income

25,393,963

COLUMBIA DIVIDEND INCOME FUND

Equities, fixed income

3,247,937

DODGE & COX INTERNATIONAL FUND CLASS X

International stocks

111,955,287

FIAM CORE PLUS

Bonds

199,070,181

SELF MANAGED BROKERAGE ACCOUNTS

Equities, fixed income

214,641,024

US DEBT INDEX FUND M MUTUAL FUND

Bonds

16,990,560

RUSSELL 2000 INDEX FUND

Small cap growth stocks

41,070,562

RUSSELL 1000 INDEX FUND

Small cap growth stocks

101,672,918

MARKET COMPLETION INDEX

Blend of large, mid cap and small cap
stocks

92,701,186

METWEST BOND FUND

Bonds

921,038

EQUITY INDEX - J

Large cap stocks

855,618,483

VANGUARD MID CAP VALUE INDEX FUND

Mid cap value stocks

121,437,910

VICTORY SMALL CAP FUND

Small cap value stocks

58,689,098

CAPITAL PRESERVATION FUND TOTAL

STATE STREET STIF

Money market fund

10,697,898

ADVENT HEALTH SYSTEM

Corporate - 2.95%, 2029

642,381

AMEREN MISSOURI SEC FU I SR SEC

Corporate - 4.85%, 2041

490,287

AMERICAN EXPRESS CO SR UNSEC SOFR

Corporate - 6.49%, 2031

537,662

AMERICAN TOWER CORP SR UNSEC

Corporate - 5.80%, 2028

515,730

AMERIPRISE FINANCIAL INC SR UNSEC

Corporate - 4.50%, 2032

1,688,641

AMXCA 2022-4 A

Cash Equivalent - 4.95%, 2027

1,306,615

AMXCA 2023-2 A

Mortgage - 4.80%, 2030

1,614,405

ANDREW W MELLON FOUNDATI UNSEC

Corporate - 0.95%, 2027

1,281,812

AT&T INC SR UNSEC

Corporate - 2.55%, 2033

1,105,456

ATHENE GLOBAL FUNDING SR SEC 144A

Corporate - 4.86%, 2026

504,139

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

BACCT 2023-A1 A1

Mortgage - 4.79%, 2028

1,609,483

BANK 2018-BN12 ASB

Mortgage - 4.17%, 2061

816,428

BANK 2019-BN21 ASB

Mortgage - 2.81%, 2052

1,360,536

BANK 2020-BN25 A5

Mortgage - 2.65%, 2063

885,872

BANK 2020-BN26 A4 WM29 WC3.5017

Mortgage - 2.40%, 2063

873,388

BANK OF AMERICA CORP SR UNSEC SOFR

Cash Equivalent - 1.20%, 2026

1,410,909

BANK OF AMERICA CORP SR UNSEC SOFR

Corporate - 1.73%, 2027

2,059,203

BANK OF AMERICA CORP SR UNSEC SOFR

Corporate - 1.66%, 2027

724,848

BANNER HEALTH UNSEC

Corporate - 2.34%, 2030

1,339,089

BARCLAYS PLC SR UNSEC

Corporate - 2.65%, 2031

608,663

BARCLAYS PLC SR UNSEC SOFR

Corporate - 5.69%, 2030

1,630,716

BAYER US FINANCE LLC SR UNSEC 144A

Corporate - 6.50%, 2033

612,884

BBCMS 2023-C19 A5

Mortgage - 5.45%, 2056

1,015,888

BBCMS 2024-5C31 A2 WM29 WC6.6063

Mortgage - 5.14%, 2057

502,456

BMARK 2019-B14 ASB

Mortgage - 2.96%, 2062

1,322,312

BMARK 2020-B21 A5

Mortgage - 1.98%, 2053

1,335,650

BMO 2024-5C5 A2

Mortgage - 5.46%, 2057

608,794

BMO 2024-5C7 A2

Mortgage - 5.09%, 2057

701,589

BMO 2024-5C8 A2

Mortgage - 5.15%, 2057

501,140

BNP PARIBAS SR NONPREF 144A SOFR

Corporate - 5.74%, 2035

1,826,397

BOEING CO/THE SNR S* ICE

Credit Default Swap - 1.00%, 2027

1,336

BPCE SA SR NON PREF 144A SOFR

Corporate - 5.94%, 2035

1,790,264

CA ST UNIV-D

Municipals - 1.69%, 2029

1,047,220

CARMX 2022-4 A3

Cash Equivalent - 5.34%, 2027

1,070,942

CARMX 2024-1 A3

Mortgage - 4.92%, 2028

1,913,492

CASH COLLATERAL CME BOS USD

Cash Equivalent - 4.23%, 2060

285,880

CASH COLLATERAL FUT BOS USD

Cash Equivalent - 4.39%, 2060

523,574

CASH COLLATERAL ICE BOS USD

Cash Equivalent - 4.23%, 2060

1,541,636

CASH COLLATERAL LCH BOS USD

Cash Equivalent - 4.23%, 2060

587,336

CATERPILLAR FINL SERVICE SR UNSEC

Corporate - 4.40%, 2027

450,530

CCCIT 2018-A7 A7

Mortgage - 3.96%, 2030

2,255,957

CITIGROUP INC SOFR SR UNSEC

Corporate - 2.56%, 2032

934,795

COMET 2022-A3 A

Cash Equivalent - 4.95%, 2027

1,407,132

COMET 2023-A1 A

Mortgage - 4.42%, 2028

1,101,651

COMM 2015-CR23 A3 WM15

Cash Equivalent - 3.23%, 2048

437,303

COMM 2015-LC21 ASB

Cash Equivalent - 3.42%, 2048

46,567

COMM 2018-COR3 A3 WM28 WC4.57635829

Mortgage - 4.23%, 2051

956,538

COMM 2019-GC44 ASB

Mortgage - 2.87%, 2057

1,415,956

CONSTELLATION EN GEN LLC SR UNSEC

Corporate - 5.60%, 2028

1,339,075

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

COOPERATIEVE RABOBANK UA SR NONPREF 144A

Cash Equivalent - 1.34%, 2026

1,474,807

COPAR 2023-2 A3

Mortgage - 5.82%, 2028

917,650

CRVNA 2024-P2 A3

Mortgage - 5.33%, 2029

607,633

CSAIL 2017-CX9 ASB

Cash Equivalent - 3.26%, 2050

453,008

DALLAS AREA RAPID TRN

Municipals - 1.35%, 2027

91,728

DCENT 2023-A2 A

Mortgage - 4.93%, 2028

1,209,778

DELL INT LLC / EMC CORP

Corporate - 6.10%, 2027

522,608

DEUTSCHE BANK NY SOFR SR NON-PREF

Corporate - 3.55%, 2031

361,513

DEUTSCHE BANK NY SR NON-PREF SOFR

Corporate - 7.15%, 2027

1,048,425

DTE ELECT SECUR FND II SR SEC

Corporate - 5.97%, 2033

1,057,940

DTE ELECTRIC CO SEC

Corporate - 3.00%, 2032

1,769,728

ELEVANCE HEALTH INC SR UNSEC

Corporate - 4.75%, 2030

397,085

EMPIRE DISTRICT BONDCO SEC

Corporate - 4.94%, 2035

1,116,784

ENI SPA SR UNSEC 144A

Corporate - 5.50%, 2034

893,665

EQUITABLE FINANCIAL LIFE SEC 144A

Corporate - 1.30%, 2026

1,716,330

FED HOME LN BK BD (600MM)

Corporate - 1.05%, 2026

1,712,171

FED HOME LN BK GLBL BD (300MM)

Corporate - 1.00%, 2026

3,333,768

FHLMC DUS #WN-2407

Mortgage - 4.38%, 2028

844,467

FHLMC DUS #WN-2427

Mortgage - 4.17%, 2028

244,604

FHLMC GOLD 30YR #Q3-1614

Mortgage - 3.00%, 2045

655,827

FHLMC GOLD 30YR #Q3-3509

Mortgage - 3.00%, 2045

212,964

FHLMC GOLD 30YR #Q4-3876

Mortgage - 3.00%, 2046

7,725,901

FHLMC GOLD 30YR GNT #G0-8687

Mortgage - 3.50%, 2046

1,016,224

FHLMC GOLD 30YR GNT #G0-8693

Mortgage - 3.50%, 2046

25,146

FHLMC GOLD 30YR GNT #G0-8793

Mortgage - 4.00%, 2047

91,792

FHLMC GOLD 30YR GNT #G0-8823

Mortgage - 3.50%, 2048

414,286

FHLMC GOLD 30YR GNT #G0-8841

Mortgage - 3.50%, 2048

112,454

FHLMC GOLD 30YR GNT #G0-8857

Mortgage - 4.00%, 2049

484,351

FHMS K065 A1 WM27 WC4.3550

Cash Equivalent - 2.86%, 2026

477,849

FHMS K070 A1

Mortgage - 3.03%, 2027

1,617,113

FHR 2739 PG PAC WM33 WC5.552

Mortgage - 5.00%, 2034

178,337

FHR 2950 FN SOFR30A+56.448BP

Cash Equivalent - 5.16%, 2035

47,915

FHR 3185 GT SEQ WM26 WC6.43

Cash Equivalent - 6.00%, 2026

9,780

FHR 3225 HF SOFR30A+62.448BP

Cash Equivalent - 5.22%, 2036

71,027

FHR 3311 FN SOFR30A+41.448BP

Cash Equivalent - 5.01%, 2037

24,624

FHR 3318 FL SOFR30A+51.448BP

Cash Equivalent - 5.11%, 2037

62,991

FHR 3339 FL SOFR30A+69.448BP

Cash Equivalent - 5.29%, 2037

83,097

FHR 3355 BF SOFR30A+81.448BP

Cash Equivalent - 5.41%, 2037

91,207

FHR 3368 AF SOFR30A+83.448BP

Cash Equivalent - 5.43%, 2037

12,398

FHR 3666 FC SOFR30A+84.448BP

Cash Equivalent - 5.44%, 2040

40,260

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

FHR 3699 FD SOFR30A+71.448BP VA

Cash Equivalent - 5.31%, 2040

73,471

FHR 3740 DF SOFR30A+59.448BP

Cash Equivalent - 5.19%, 2040

182,549

FHR 3743 FA SOFR30A+71.448BP

Cash Equivalent - 5.31%, 2040

266,035

FHR 3747 WF SOFR30A+59.448BP VA

Cash Equivalent - 5.19%, 2040

253,942

FHR 3751 FG SOFR30A+61.448BP

Cash Equivalent - 5.21%, 2050

79,564

FHR 3843 FE SOFR30A+66.448BP

Cash Equivalent - 5.26%, 2041

350,520

FHR 3843 FG SOFR30A+66.448BP

Cash Equivalent - 5.26%, 2041

350,520

FHR 3977 FB SOFR30A+63.448BP

Cash Equivalent - 5.23%, 2041

416,698

FHR 3984 DF SOFR30A+66.448BP

Cash Equivalent - 5.26%, 2042

377,749

FHR 4400 FA SOFR30A+51.448BP

Cash Equivalent - 5.11%, 2041

253,094

FHR 4736 CD WM39 WC4.9483

Mortgage - 3.00%, 2046

286,937

FHR 4989 FA SOFR30A+46.448BP

Cash Equivalent - 5.15%, 2040

105,433

FHR 4989 FB SOFR30A+46.448BP

Cash Equivalent - 5.15%, 2040

100,084

FIN FUT SOFR 90DAY CME

Future - 0.00%, 2026

(6,420)

FIN FUT US 10YR CBT

Future - 6.00%, 2025

(14,906)

FIN FUT US 2YR CBT

Future - 6.00%, 2025

3,500

FIN FUT US 5YR CBT

Future - 6.00%, 2025

32,813

FIN FUT US ULTRA 10YR CBT

Future - 6.00%, 2025

2,105

FIN FUT US ULTRA 30YR CBT

Future - 6.00%, 2025

293

FL ST BRD ADMIN FIN-A

Municipals - 5.53%, 2034

412,232

FLORIDA POWER & LIGHT 1ST MTG

Corporate - 2.45%, 2032

594,725

FN ARM AL7090 H15T1Y+224.1 9.49

Cash Equivalent - 7.11%, 2037

163,987

FNMA PASS THRU 15YR #MA3897

Mortgage - 3.00%, 2035

302,596

FNMA PASS THRU 20YR #AL6722

Mortgage - 5.00%, 2030

83,242

FNMA PASS THRU 30YR #848210

Mortgage - 5.50%, 2035

51,490

FNMA PASS THRU 30YR #884863

Mortgage - 5.50%, 2036

36,141

FNMA PASS THRU 30YR #890365

Mortgage - 5.50%, 2041

56,805

FNMA PASS THRU 30YR #938504

Mortgage - 5.50%, 2037

24,234

FNMA PASS THRU 30YR #BK8819

Mortgage - 4.00%, 2048

321,697

FNMA PASS THRU 30YR #FM3241

Mortgage - 3.00%, 2050

1,453,391

FNMA PASS THRU 30YR #FS4017

Mortgage - 3.00%, 2052

4,560,710

FNMA PASS THRU 30YR #RA7326

Mortgage - 3.50%, 2052

1,394,661

FNMA PASS THRU 30YR #SD8245

Mortgage - 4.50%, 2052

26,211,670

FNMA PASS THRU 30YR #SD8265

Mortgage - 4.00%, 2052

34,078,268

FNMA P-T DUS #AN5171

Mortgage - 3.29%, 2027

745,854

FNMA P-T DUS #AN8612

Mortgage - 3.29%, 2028

703,158

FNMA P-T DUS #AN9215

Mortgage - 3.43%, 2028

50,113

FNMA P-T DUS #BS8896

Mortgage - 5.10%, 2028

1,118,290

FNR 2005-13 FA SOFR30A+56.448BP

Cash Equivalent - 5.13%, 2035

115,878

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

FNR 2005-29 JB WM33 WC7.0709

Cash Equivalent - 4.50%, 2035

FNR 2006-129 FM SOFR30A+36.448BP

Cash Equivalent - 4.93%, 2037

25,459

FNR 2007-109 GF SOFR30A+79.448BP

Cash Equivalent - 5.36%, 2037

186,200

FNR 2007-25 FB SOFR30A+44.448BP

Cash Equivalent - 5.01%, 2037

14,457

FNR 2007-27 FA SOFR30A+42.448BP

Cash Equivalent - 4.99%, 2037

1,751

FNR 2007-38 FC SOFR30A+53.448BP

Cash Equivalent - 5.10%, 2037

63,074

FNR 2007-70 FA SOFR30A+46.448BP

Cash Equivalent - 5.03%, 2037

31,751

FNR 2008-12 FA SOFR30A+78.448BP

Cash Equivalent - 5.35%, 2038

292,019

FNR 2010-111 FC SOFR30A+63.448BP

Cash Equivalent - 5.20%, 2040

37,429

FNR 2010-115 FM SOFR30A+61.448BP

Cash Equivalent - 5.18%, 2040

249,007

FNR 2010-117 FE SOFR30A+51.448BP

Cash Equivalent - 5.08%, 2040

26,941

FNR 2010-135 LF SOFR30A+56.448BP

Cash Equivalent - 5.13%, 2040

119,549

FNR 2015-79 FE SOFR30A+36.448BP

Cash Equivalent - 4.93%, 2045

575,170

FNR 2015-87 BF SOFR30A+41.448BP

Cash Equivalent - 4.98%, 2045

342,505

FNR 2016-11 CF SOFR30A+46.448BP

Cash Equivalent - 5.03%, 2046

686,625

FNR 2016-40 AF SOFR30A+56.448BP

Cash Equivalent - 5.25%, 2046

477,492

FNR 2016-64 KF SOFR30A+58.448BP

Cash Equivalent - 5.27%, 2046

464,688

FNR 2016-82 FM SOFR30A+51.448BP

Cash Equivalent - 5.20%, 2046

661,235

FNR 2016-87 AF SOFR30A+51.448BP

Cash Equivalent - 5.20%, 2046

700,840

FNR 2024-104 FA SOFR30A+105BP

Mortgage - 5.65%, 2055

498,214

FORDL 2023-B A4

Cash Equivalent - 5.87%, 2027

1,114,645

FORDO 2022-D A4

Mortgage - 5.30%, 2028

1,821,554

GMALT 2023-3 A4

Cash Equivalent - 5.44%, 2027

807,874

GNMA II MULTPL SGL 30YR #MA3105M

Mortgage - 3.50%, 2045

972,689

GOLDMAN SACHS GROUP INC SR UNSEC TSFR3M

Corporate - 3.69%, 2028

2,919,349

GSMS 2015-GC32 A3 WM15

Cash Equivalent - 3.50%, 2048

730,564

GSMS 2019-GSA1 AAB

Mortgage - 2.99%, 2052

1,883,996

HAROT 2024-3 A3

Mortgage - 4.57%, 2029

601,220

HART 2023-C A4

Mortgage - 5.55%, 2029

1,434,720

HSBC HOLDINGS PLC SR UNSEC SOFR

Corporate - 5.21%, 2028

1,014,988

HSBC HOLDINGS PLC SR UNSEC SOFR

Corporate - 2.87%, 2032

1,268,410

HSBC HOLDINGS PLC SR UNSEC TSFR3M

Corporate - 3.97%, 2030

567,993

JPMDB 2017-C7 A5 WM27 WC4.2015

Mortgage - 3.41%, 2050

1,235,179

JPMORGAN CHASE & CO SR UNSEC SOFR

Corporate - 4.57%, 2030

1,472,786

JPMORGAN CHASE & CO SR UNSEC SOFR

Corporate - 1.95%, 2032

666,921

JPMORGAN CHASE & CO SR UNSEC TSFR3M

Corporate - 3.78%, 2028

1,974,900

KKR GROUP FINAN CO XII 144A SR UNSEC

Corporate - 4.85%, 2032

774,424

LA LOCAL GOVT ENVRN-A

Municipals - 4.28%, 2036

382,765

LLOYDS BANKING GROUP PLC SR UNSEC

Corporate - 4.55%, 2028

991,010

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

LLOYDS BANKING GROUP PLC SR UNSEC

Corporate - 3.57%, 2028

963,915

MASSMUTUAL GLOBAL FUNDIN SR SEC 144A

Corporate - 5.15%, 2029

1,219,702

MITSUBISHI UFJ FIN GRP SR UNSEC

Cash Equivalent - 1.41%, 2025

986,021

MIZUHO FINANCIAL GROUP SR UNSEC

Corporate - 2.17%, 2032

2,918,230

MORGAN STANLEY SOFR SR UNSEC

Corporate - 2.24%, 2032

1,585,543

MORGAN STANLEY SR UNSEC SOFRRATE

Corporate - 5.66%, 2030

870,582

MSC 2021-L5 ASB

Mortgage - 2.43%, 2054

1,005,604

MSWF 2023-2 A5

Mortgage - 6.01%, 2056

1,163,034

NATWEST GROUP PLC SR UNSEC

Corporate - 1.64%, 2027

477,427

NATWEST GROUP PLC SR UNSEC

Corporate - 4.89%, 2029

1,242,515

NEW YORK ST URBAN DEV

Municipals - 1.35%, 2026

1,934,025

NSTAR ELECTRIC CO SR UNSEC

Corporate - 5.60%, 2028

813,982

PACIFIC GAS & ELECTRIC

Corporate - 3.00%, 2028

562,753

PACIFIC GAS & ELECTRIC

Corporate - 5.45%, 2027

709,608

PACIFIC GAS & ELECTRIC 1ST MTGE

Corporate - 6.10%, 2029

630,567

PACIFIC LIFE GF II SEC 144A

Corporate - 4.50%, 2029

497,989

PACIFIC LIFE GF II SEC 144A SOFR

Cash Equivalent - 5.12%, 2026

703,764

PROV ST JOSEPH HLTH OBL SR UNSEC

Corporate - 5.40%, 2033

1,309,460

RFR USD SOFR/3.30000 12/02/24-4Y* CME

Interest Rate Swap - 3.30%, 2029

105,404

RFR USD SOFR/3.51042 09/03/24-4Y* LCH

Interest Rate Swap - 3.51%, 2028

33,201

RFR USD SOFR/3.51453 09/03/24-4Y* LCH

Interest Rate Swap - 3.51%, 2028

28,462

RFR USD SOFR/3.71000 03/03/25-7Y* LCH

Interest Rate Swap - 3.71%, 2031

215,800

RFR USD SOFR/3.74000 03/03/25-4Y* LCH

Interest Rate Swap - 3.74%, 2029

98,286

RFR USD SOFR/3.83000 03/03/25-4Y* LCH

Interest Rate Swap - 3.83%, 2029

20,025

SAFEHOLD GL HOLDINGS LLC SR UNSEC

Corporate - 6.10%, 2034

616,413

SAN JOSE REDEV-A-T

Municipals - 3.13%, 2028

763,415

SANTANDER HOLDINGS USA SR UNSEC

Corporate - 4.50%, 2025

1,108,923

SANTANDER UK GROUP HLDGS SR UNSEC SOFR

Corporate - 1.67%, 2027

1,334,067

SBA TOWER TRUST 144A

Corporate - 6.60%, 2052

1,746,905

STIF FUND (EUR)

Cash Equivalent - 4.58%, 2030

236,796

STIF FUND (EUR) (FIDELITY)

Cash Equivalent - 0.00%, 2030

STIF FUND (GBP) (FIDELITY)

Cash Equivalent - 0.00%, 2030

STIF FUND (JPY) (FIDELITY)

Cash Equivalent - 4.53%, 2030

(49,200,000)

SUTTER HEALTH UNSEC

Cash Equivalent - 1.32%, 2025

882,801

SYNIT 2023-A2 A

Mortgage - 5.74%, 2029

1,122,943

TEXAS ELECTRIC MKT STABL SEC

Corporate - 4.27%, 2036

1,105,300

TX NATURAL GAS SECZ

Municipals - 5.10%, 2035

1,029,252

U S TREASURY BOND

US Treasury - 4.13%, 2044

5,669,881

U S TREASURY NOTE

US Treasury - 3.75%, 2031

5,789,259

U S TREASURY NOTE

US Treasury - 4.13%, 2031

3,324,287

U S TREASURY NOTE

US Treasury - 4.13%, 2031

1,670,630

U S TREASURY NOTE

US Treasury - 4.13%, 2026

6,510,087

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

U S TREASURY REPO

Cash Equivalent - 4.52%, 2025

57,503,828

U S TREASURY REPO

Cash Equivalent - 4.60%, 2025

49,200,000

U S TREASURY REPO

Cash Equivalent - 4.57%, 2025

100,000

UBS GROUP AG SR UNSEC 144A

Corporate - 2.10%, 2032

1,079,123

UBS GROUP AG SR UNSEC 144A SOFR

Corporate - 3.09%, 2032

960,198

UBS GROUP AG SR UNSEC 144A SOFR

Corporate - 6.54%, 2033

644,742

UBSCM 2017-C7 ASB

Mortgage - 3.59%, 2050

909,264

UNIV OF CALIFORNIA-BG

Municipals - 1.32%, 2027

1,302,535

UPMC SEC

Corporate - 5.04%, 2033

592,679

UT ST-BABS-B

Cash Equivalent - 3.54%, 2025

534,503

VERIZON COMMUNICATIONS INC SNR S* ICE

Credit Default Swap - 1.00%, 2028

5,327

VERIZON COMMUNICATIONS INC SNR S* ICE

Credit Default Swap - 1.00%, 2028

41,951

VM CASH CCP CME BOS USD

Cash Equivalent - 4.49%, 2060

25,333

VM CASH CCP ICE BOS USD

Cash Equivalent - 4.49%, 2060

(1,482)

VM CASH CCP LCH BOS USD

Cash Equivalent - 4.49%, 2060

55,158

VM CASH FUT DOM BOS USD

Cash Equivalent - 4.39%, 2060

160,447

WELLS FARGO & COMPANY SR UNSEC SOFR

Corporate - 5.50%, 2035

3,031,241

WFCM 2015-C29 ASB WM15

Cash Equivalent - 3.40%, 2048

WFCM 2015-C30 ASB WM25 WC4.53

Cash Equivalent - 3.41%, 2058

65,801

WFCM 2016-C35 ASB WM16 WC0.0

Cash Equivalent - 2.79%, 2048

283,782

WFCM 2017-C42 ASB

Cash Equivalent - 3.49%, 2050

760,505

WFCM 2018-C44 A5

Mortgage - 4.21%, 2051

1,457,629

WISCONSIN ST GEN FUND

Municipals - 1.49%, 2029

878,709

WOART 2023-C A4

Mortgage - 5.03%, 2029

806,299

WOODSIDE FINANCE LTD SR UNSEC

Corporate - 5.10%, 2034

671,982

Capital Preservation Fund Total

323,027,639

ARTISAN MID CAP FUND

BBF STIF

MONEY MARKET FUND

2,575,752

API GROUP CORP

COMMON STOCKS

801,412

ARES MANAGEMENT

COMMON STOCKS

1,001,105

ARGENX SE

COMMON STOCKS

4,739,190

ARISTA NETWORKS

COMMON STOCKS

1,407,489

ARTHUR J GALLAGHAR

COMMON STOCKS

692,310

ASCENDIS PHARMA AS

COMMON STOCKS

2,938,704

ATLASSIAN

COMMON STOCKS

2,631,911

AUTOZONE INC

COMMON STOCKS

1,255,184

BEST BUY CO INC

COMMON STOCKS

439,897

BRIGHT HORIZONS

COMMON STOCKS

489,957

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

CBRE GROUP

COMMON STOCKS

1,325,635

CCC INTELLIGENT

COMMON STOCKS

1,321,854

CHIPOTLE

COMMON STOCKS

1,686,772

COHERENT CORP

COMMON STOCKS

892,451

DATADOG INC

COMMON STOCKS

1,735,542

DECKERS OUTDOOR

COMMON STOCKS

1,638,327

DEXCOM INC

COMMON STOCKS

1,061,094

DICKS SPORTING

COMMON STOCKS

687,435

DOORDASH INC

COMMON STOCKS

1,497,001

EQUIFAX INC

COMMON STOCKS

1,232,709

EXACT SCIENCES

COMMON STOCKS

626,631

FERGUSON ENTERPRISES

COMMON STOCKS

596,734

FORTIVE CORP

COMMON STOCKS

891,225

GITLAB INC

COMMON STOCKS

1,115,505

GODADDY INC

COMMON STOCKS

906,718

GUIDEWIRE

COMMON STOCKS

471,687

HUBBELL INC

COMMON STOCKS

1,505,491

HUBSPOT INC

COMMON STOCKS

1,592,816

ILLUMINA INC

COMMON STOCKS

931,134

INGERSOLL

COMMON STOCKS

892,750

INSMED INC

COMMON STOCKS

1,210,754

INSULET CORP

COMMON STOCKS

979,013

IRHYTHM TECHNOLOGIES

COMMON STOCKS

1,291,415

LATTICE SEMICONDUCTOR

COMMON STOCKS

2,395,729

LIBERTY MEDIA

COMMON STOCKS

2,108,756

LIVE NATION ENTERTAINMENT

COMMON STOCKS

2,194,248

LPL FINL HLDGS INC

COMMON STOCKS

902,147

MACOM TECHNOLOGY

COMMON STOCKS

1,492,016

MARVELL TECHNOLOGY

COMMON STOCKS

1,613,233

MONOLITHIC

COMMON STOCKS

1,372,744

NU HOLDINGS

COMMON STOCKS

333,675

NUTANIX INC

COMMON STOCKS

673,408

NVR INC

COMMON STOCKS

564,344

ONTO INNOVATION

COMMON STOCKS

1,316,026

PARSONS CORP

COMMON STOCKS

1,063,089

PURE STORAGE

COMMON STOCKS

1,423,640

QUANTA SVCS

COMMON STOCKS

1,873,228

ROBINHOOD

COMMON STOCKS

1,128,307

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

SAIA INC

COMMON STOCKS

1,779,627

SAMSARA INC

COMMON STOCKS

570,679

SHOPIFY

COMMON STOCKS

1,972,847

SPOTIFY

COMMON STOCKS

4,005,393

SYNOPSYS INC

COMMON STOCKS

1,478,407

TAKE-TWO INTERACTV

COMMON STOCKS

785,469

TRADEWEB MARKETS

COMMON STOCKS

1,911,039

TWIST BIOSCIENCE

COMMON STOCKS

1,127,827

TYLER TECHNOLOGIES

COMMON STOCKS

3,495,592

US FOODS HOLDING

COMMON STOCKS

1,106,816

VEEVA SYS

COMMON STOCKS

1,109,489

VERACYTE INC

COMMON STOCKS

874,368

VERISK ANALYTICS

COMMON STOCKS

973,370

VERTIV HOLDINGS

COMMON STOCKS

482,388

WEST PHARMACEUTICAL

COMMON STOCKS

3,660,483

WESTINGHOUSE

COMMON STOCKS

962,169

WINGSTOP INC

COMMON STOCKS

562,716

XYLEM INC

COMMON STOCKS

1,475,194

ZSCALER INC

COMMON STOCKS

1,153,722

Artisan Midcap Investor Fund Total

95,005,789

Total Investments

3,842,976,108

*Notes receivable from participants

Loans receivable with repayment interest of 4.25% to 9.75%

—

56,461,860

3,899,437,968

* Parties-in-interest

** Information is not required pursuant to Form 5500 instructions

EXHIBIT INDEX

FIRSTENERGY CORP. SAVINGS PLAN

Exhibit

Number Description

23.1 Consent of Independent Registered Public Accounting Firm

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Savings Plan Committee, the administrator of the FirstEnergy Corp. Savings Plan, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


			FIRSTENERGY CORP.
			SAVINGS PLAN
Date: June 26, 2025



By			/s/ Ana M. Fluke
			Ana M. Fluke
			Chairperson
			Savings Plan Committee

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Date	Price Target	Rating	Analyst
4/23/2025	$45.00	Underperform → Neutral	BofA Securities
1/23/2025		Outperform → Peer Perform	Wolfe Research
12/12/2024	$50.00	Sector Perform → Sector Outperform	Scotiabank
10/31/2024		Buy → Neutral	Seaport Research Partners
10/14/2024	$46.00	Hold	Jefferies
9/20/2024	$50.00	Hold → Buy	Argus
4/10/2024	$45.00	Buy	Goldman
8/23/2023	$37.00	Equal Weight	Barclays

SEC Form 11-K filed by FirstEnergy Corp.

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