Defined Benefit (Pension) · DOL Form 5500 · 2022

First Horizon Corporation Pension Plan

Data updated 2026-08-11

$664M
Total assets
1,271
Participants
98th
Percentile by assets
$522,348
Avg per participant
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Official DOL plan name: First Horizon Corporation Pension Plan · Sponsored by First Horizon Corporation · Tennessee · Finance & Insurance

$664M in assets, 1,271 participants

First Horizon Corporation's First Horizon Corporation Pension Plan reported $664M in total assets and 1,271 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 139,126 plans)
  • #8,974 in Finance & Insurance (9,261 peers)

Where First Horizon Corporation Pension Plan sits by assets

First Horizon Corporation Pension Plan sits in the top 5% of all filed plans by assets, $664M for 1,271 participants (~$522,348/participant), down 24.2% in 2022.

$664M
total plan assets (2022 EOY)
1,271
covered participants
98th
percentile by assets (of 139,126 plans)
$522,348
avg assets per participant

The plan reported a net loss of $212M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Horizon Corporation Pension Plan vs the 2022 asset distribution

By assets, First Horizon Corporation Pension Plan outranks 98% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 6.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$876M
Net Assets (End of Year)$662M
Net Income-$212M
Employer EIN620803242
Plan Effective Date1946-01-25
Filing StatusFILING RECEIVED

Sponsor Plan History (First Horizon Corporation)

$1.55B$1.6B$1.65B$1.7B$1.75B 202220232024 $1.6B $1.72B ▲ +7.5%
Total plan assets by year, all First Horizon Corporation plans on file
Year Plans Participants Total Assets
2022 2 9,054 $1.6B
2023 2 8,511 $1.7B
2024 2 8,310 $1.7B

Nearby Defined Benefit (Pension) Plans in Tennessee

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First Horizon Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants

First Horizon Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants First Horizon Corpor…Fedex Corporation Em…Retirement Plan of I…Pension Plan for Emp…Retirement Program P…Nissan Employee Reti…
First Horizon Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to First Horizon Corporation Pension Plan by total assets, not by location.

Frequently Asked Questions

How did First Horizon Corporation Pension Plan assets move in 2022?
First Horizon Corporation Pension Plan declined sharply - down 24.2% during 2022, from $876M to $664M. Reported net income was -$212M.
How have First Horizon Corporation plan assets changed over time?
Across 3 plan years on file (2022-2024), First Horizon Corporation's sponsor-wide assets grew 7.9%, from $1.6B to $1.7B.
Where does First Horizon Corporation Pension Plan rank by assets among Form 5500 filers?
First Horizon Corporation Pension Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to First Horizon Corporation Pension Plan?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ti Employees Pension Plan in TX ($666M, 2,050 participants).

Next read for First Horizon Corporation Pension Plan

Scale reading

Ways to act on First Horizon Corporation Pension Plan's numbers.