401(k) · DOL Form 5500 · 2023

First Horizon Corporation 401(k) Plan

Data updated 2026-08-11

$980M
Total assets: 7,404
Participants: 99th
Percentile by assets: $132,326
Avg per participant

Official DOL plan name: First Horizon Corporation Savings Plan · Sponsored by First Horizon Corporation · Tennessee · Finance & Insurance

$980M in assets, 7,404 participants

First Horizon Corporation's First Horizon Corporation Savings Plan reported $980M in total assets and 7,404 participants in its 2023 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 127,072 plans)
#8,639 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

First Horizon Corporation Savings Plan covers 7,404 participants in Tennessee, 6.6x the typical Tennessee plan (state average ~1,126 per filing). Assets: $980M.

$980M
total plan assets (2023 EOY): 7,404
covered participants: 99th
percentile by assets (of 127,072 plans): $132,326
avg assets per participant

First Horizon Corporation Savings Plan reported net income rose from -$68M in the plan year 2022 filing to $49M in the plan year 2023 filing.
First Horizon Corporation Savings Plan end-of-year assets rose from $931M in the plan year 2022 filing to $980M in the plan year 2023 filing.
First Horizon Corporation Savings Plan reported participants fell from 7,783 in the plan year 2022 filing to 7,404 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Tennessee

Industry

Finance & Insurance

Participants vs Tennessee filers

In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. First Horizon Corporation Savings Plan reports 7,404 participants - 6.6x that state average ($980M EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$931M
Net Assets (End of Year)	$980M
Net Income	$49M
Employer EIN	620803242
Plan Effective Date	1978-04-23
Filing Status	FILING RECEIVED

Sponsor Plan History (First Horizon Corporation)

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 401(k) Plans in Tennessee

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

First Horizon Corporation Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants

Fedex Corporation Retirement Savings Plan $23.9B · 127,010
Hca 401(k) Plan $21.5B · 291,649
Federal Express Corporation Pilots Retirement Savings Plan $4.7B · 5,728
International Paper Company Salaried Savings Plan $4.6B · 12,153
Chs/Community Health Systems, Inc. Retirement Savings Plan $4.5B · 62,487

Compare First Horizon Corporation Savings Plan side-by-side with 3 peers →

Scale composition for First Horizon Corporation Savings Plan

First Horizon Corporation Savings Plan reports $980M in end-of-year assets across 7,404 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 $132,326 per participant (96% of the national average assets-per-participant) . Net income for plan year 2023 was $49M.

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	Open filing
2023	7,404	$980M	This page
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 by total assets, not by location.

Open Text, Inc. 401(k) Plan (CA) $980M · 3,761
Constellation Brands, Inc. 401(k) and Profit Sharing Plan (NY) $979M · 4,015
Trimble Inc. Savings and Retirement Plan (CA) $981M · 5,114
Employee Savings Plan (IL) $981M · 9,503

Frequently Asked Questions

How did First Horizon Corporation Savings Plan assets move in 2023? ▼

First Horizon Corporation Savings Plan grew at a solid clip - up 5.2% during 2023, from $931M to $980M. Reported net income was $49M.

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 Savings Plan rank by assets among Form 5500 filers? ▼

First Horizon Corporation Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to First Horizon Corporation Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Open Text, Inc. 401(k) Plan in CA ($980M, 3,761 participants).

Next read for First Horizon Corporation Savings Plan

Filing takeaways

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

By total assets, First Horizon Corporation Savings Plan 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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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