401(k) · DOL Form 5500 · 2023

First Horizon Corporation 401(k) Plan

Data updated 2026-08-25

$980M
Total assets Above avg plan size
7,404
Participants Very large workforce
99th
Percentile by assets National rank
$132,326
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#8,639
in Finance & Insurance (8,869 peers)
+5.2%
assets growth YoY
9.8×
vs typical plan assets (national mean)

First Horizon Corporation Savings Plan's outsized position by total assets

First Horizon Corporation Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$979,738,988 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Horizon Corporation Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Horizon Corporation Savings Plan lands in the large band (7,404 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 620803242 · First Horizon Corporation PY 2023 · 401(k)

First Horizon Corporation Savings Plan · $980M · 7,404 · 99th

  • TYPE $980M
  • TYPE 7,404
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near Open Text, Inc. 401(k) Plan
  • TYPE ind #8639

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Tennessee →

First Horizon Corporation Savings Plan in the asset neighbourhood

Employee Savings Plan$981MTrimble Inc. Savings and Retirement PlanTrimble Inc. Savings and Ret…$981MOpen Text, Inc. 401(k) Plan$980MFirst Horizon Corporation Savings PlanFirst Horizon Corporation Sa…$980MConstellation Brands, Inc. 401(k) and Profit Sharing PlanConstellation Brands, Inc. 4…$979M
End-of-year total assets ($M) among First Horizon Corporation Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$931M
Net Assets (End of Year)$980M
Net Income$49M
Employer EIN620803242
Plan Effective Date1978-04-23
Filing StatusFILING RECEIVED

Sponsor Plan History (First Horizon Corporation)

Sponsor-wide plan assets over time

All First Horizon Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.7B 7.906347356403294% vs 2022
2024 filing year
$1.55B$1.6B$1.65B$1.7B$1.75B 202220232024 $1.6B $1.72B ▲ +7.5%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants First Horizon Corporation Savings Plan, Total assets ($B): 0.979738988 · Participants: 7404First Horizon Corporation Savings PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
First Horizon Corporation Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
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's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Open Text, Inc. 401(k) Plan in CA ($980M); by covered participants it is S & B Engineers and Constructors, Ltd. Retirement Savings Plan in TX (7,402 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($980M here).

Similar participant headcount

Nearest other-state filings by covered participants (7,404 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to First Horizon Corporation Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is S & B Engineers and Constructors, Ltd. Retirement Savings Plan in TX (7,402 participants, $537M in assets).

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.

Read our methodology - how this data is sourced, computed, and verified.

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