401(k)
2022 plan-year 401(k) DOL Form 5500

First Horizon Corporation Savings Plan and Trust

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by First Horizon Corporation · Tennessee · Finance & Insurance

What the 2023 filing shows

First Horizon Corporation Savings Plan and Trust holds $931M for 7,783 participants — about $119,636 per participant, down 6.8% over the 2022 plan year.

$931M
total plan assets (2022 EOY)
7,783
covered participants
$119,636
avg assets per participant
-6.8%
assets change YoY

The plan reported a net loss of $68M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$931M
Participants
7,783
State
Industry
Finance & Insurance

What the Filing Says About First Horizon Corporation Savings Plan and Trust

First Horizon Corporation Savings Plan and Trust is a 401(k) retirement plan sponsored by First Horizon Corporation, headquartered in Tennessee. As of the 2022 Form 5500 filing, the plan reports $931M in total end-of-year assets and covers 7,783 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 620803242, and the plan has been effective since 1978-04-23. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $999M at the beginning of 2022 to $931M at year-end — a decline of 6.8%. Net assets (after liabilities) closed the year at $931M, with reported net income of $-68,054,974 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$999M
Total Assets (End of Year)$931M
Net Assets (End of Year)$931M
Net Income$-68,054,974
Plan Type401(k)
Employer EIN620803242
Plan Effective Date1978-04-23
Filing StatusFILING RECEIVED

Sponsor Plan History (First Horizon Corporation)

Year Plans Participants Total Assets
2022 2 9,054 $1.6B
2023 2 8,511 $1.7B
2024 2 8,310 $1.7B

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the First Horizon Corporation Savings Plan and Trust?
As of the 2022 Form 5500 filing, First Horizon Corporation Savings Plan and Trust holds $931M in total assets with 7,783 participants. It is sponsored by First Horizon Corporation.
What type of plan is First Horizon Corporation Savings Plan and Trust?
First Horizon Corporation Savings Plan and Trust is a 401(k) plan. It has been effective since 1978-04-23. The plan is filed with the U.S. Department of Labor under EIN 620803242.
Who sponsors the First Horizon Corporation Savings Plan and Trust?
First Horizon Corporation Savings Plan and Trust is sponsored by First Horizon Corporation, located in Tennessee. The sponsor's EIN is 620803242 and the plan operates in the Finance & Insurance industry.
How did First Horizon Corporation Savings Plan and Trust perform in 2022?
First Horizon Corporation Savings Plan and Trust declined by 6.8% during 2022, moving from $999M to $931M in total assets. Net income was $-68,054,974.
Where can I find official filings for First Horizon Corporation Savings Plan and Trust?
Official Form 5500 filings for First Horizon Corporation Savings Plan and Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 620803242 or plan name at efast.dol.gov.
How does First Horizon Corporation Savings Plan and Trust compare to other plans?
You can compare First Horizon Corporation Savings Plan and Trust against other 401(k) plans on the plan type page, or view plans in Tennessee on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 620803242.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.