401(k) · DOL Form 5500 · 2022
First Horizon Corporation 401(k) Plan
Data updated 2026-08-11
- $931M
- Total assets
- 7,783
- Participants
- 99th
- Percentile by assets
- $119,636
- Avg per participant
Official DOL plan name: First Horizon Corporation Savings Plan and Trust · Sponsored by First Horizon Corporation · Tennessee · Finance & Insurance
$931M in assets, 7,783 participants
First Horizon Corporation's First Horizon Corporation Savings Plan and Trust reported $931M in total assets and 7,783 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #9,049 in Finance & Insurance (9,261 peers)
Coverage in Tennessee
First Horizon Corporation Savings Plan and Trust covers 7,783 participants in Tennessee, 6.9x the typical Tennessee plan (state average ~1,126 per filing). Assets: $931M.
- $931M
- total plan assets (2022 EOY)
- 7,783
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $119,636
- avg assets per participant
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.
Participants vs Tennessee filers
In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. First Horizon Corporation Savings Plan and Trust reports 7,783 participants - 6.9x that state average ($931M EOY assets).
Tennessee filing particulars
| Total Assets (Beginning of Year) | $999M |
|---|---|
| Net Assets (End of Year) | $931M |
| Net Income | -$68M |
| Employer EIN | 620803242 |
| Plan Effective Date | 1978-04-23 |
| Filing Status | FILING 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.
First Horizon Corporation Savings Plan and Trust vs. nearby 401(k) plans in Tennessee, assets vs. participants
- Fedex Corporation Retirement Savings Plan $21.0B · 220,835
- Hca 401(k) Plan $18.7B · 280,576
- International Paper Company Salaried Savings Plan $4.2B · 11,839
- Federal Express Corporation Pilots Retirement Savings Plan $4.0B · 5,305
- Chs/Community Health Systems, Inc. Retirement Savings Plan $4.0B · 62,485
Scale composition for First Horizon Corporation Savings Plan and Trust
First Horizon Corporation Savings Plan and Trust reports $931M in end-of-year assets across 7,783 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $119,636 per participant (87% of the national average assets-per-participant) . Net income for plan year 2022 was -$68M.
This plan identity (EIN 620803242, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $931M to $1.1B (+20.1%) while covered participants moved from 7,783 to 7,294 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,783 | $931M | This page |
| 2023 | 7,404 | $980M | Open filing |
| 2024 · index core | 7,294 | $1.1B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- First Horizon Corporation Savings Plan (401(k), $1.1B, 7,294 participants)
- First Horizon Corporation Pension Plan (Defined Benefit (Pension), $603M, 1,016 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to First Horizon Corporation Savings Plan and Trust by total assets, not by location.
- Atmos Energy Corporation Retirement Savings Plan and Trust (TX) $931M · 4,670
- The Standard 401(k) Plan (OR) $931M · 3,166
- Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan (AL) $930M · 4,593
- New York Life Agents Progress-Sharing Investment Plan (NY) $930M · 11,937
Frequently Asked Questions
How did First Horizon Corporation Savings Plan and Trust assets move in 2022? ▼
How have First Horizon Corporation plan assets changed over time? ▼
Where does First Horizon Corporation Savings Plan and Trust rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to First Horizon Corporation Savings Plan and Trust? ▼
Next read for First Horizon Corporation Savings Plan a…
Filing takeaways
Ways to act on First Horizon Corporation Savings Plan and Trust's numbers.
- By total assets, First Horizon Corporation Savings Plan and Trust ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Tennessee. Compare plans
- First Horizon Corporation's sponsor-wide assets have grown 7.9% since 2022 across 3 plan years on file. More Finance & Insurance plans