Defined Benefit (Pension) · DOL Form 5500 · 2023

First Horizon Corporation Pension Plan

Data updated 2026-08-25

$675M
Total assets Above avg plan size
1,107
Participants Near avg headcount
98th
Percentile by assets National rank
$609,377
Avg per participant High balance/head
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Official DOL plan name: First Horizon Corporation Pension Plan · Sponsored by First Horizon Corporation · Tennessee · Finance & Insurance

$675M in assets, 1,107 participants

First Horizon Corporation's First Horizon Corporation Pension Plan reported $675M in total assets and 1,107 participants in its 2023 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.

  • #8,549 in Finance & Insurance (8,869 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, $675M for 1,107 participants (~$609,377/participant), up 1.6% in 2023.

#8,549
in Finance & Insurance (8,869 peers)
+1.6%
assets growth YoY
6.8×
vs typical plan assets (national mean)

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

First Horizon Corporation Pension Plan vs every filed plan by assets

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

$674,580,467 Top 2% higher than 98% 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 Pension 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 Pension Plan lands in the large band (1,107 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Horizon Corporation Pension Plan reported net income rose from -$212M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • First Horizon Corporation Pension Plan reported participants fell from 1,271 in the plan year 2022 filing to 1,107 in the plan year 2023 filing.
  • First Horizon Corporation Pension Plan end-of-year assets rose from $664M in the plan year 2022 filing to $675M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 620803242 · First Horizon Corporation PY 2023 · Defined Benefit (Pension)

First Horizon Corporation Pension Plan · $675M · 1,107 · 98th

  • VS-ST $675M
  • BOY 1,107
  • SCH 98th
  • EBSA Defined Benefit (Pension)
  • PART near Cement and Concrete Workers DC Pension Fund
  • TYPE ind #8549

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 Pension Plan in the asset neighbourhood

Newell Brands Consolidated Pension PlanNewell Brands Consolidated P…$676MFirst Horizon Corporation Pension PlanFirst Horizon Corporation Pe…$675MCement and Concrete Workers DC Pension FundCement and Concrete Workers …$674MPavers & Road Builders DC Pension FundPavers & Road Builders DC Pe…$673MIron Workers Locals 40, 361 & 417 Pension FundIron Workers Locals 40, 361 …$672M
End-of-year total assets ($M) among First Horizon Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$664M
Net Assets (End of Year)$673M
Net Income$12M
Employer EIN620803242
Plan Effective Date1946-01-25
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 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 Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants First Horizon Corporation Pension Plan, Total assets ($B): 0.674580467 · Participants: 1107First Horizon Corporation Pension PlanFedex Corporation Employees' Pension Plan, Total assets ($B): 26.580798454 · Participants: 139031Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.836549756 · Participants: 20164Retirement Plan of International Paper CompanyPace Industry Union-Management Pension Fund, Total assets ($B): 2.707920528 · Participants: 3192Pace Industry Union-Management Pension FundPension Plan for Employees at Ornl, Total assets ($B): 2.456364769 · Participants: 5801Pension Plan for Employees at OrnlRetirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee, Total assets ($B): 2.074583545 · Participants: 2710Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee
First Horizon Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare First Horizon Corporation Pension Plan side-by-side with 3 peers →

First Horizon Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Cement and Concrete Workers DC Pension Fund in NY ($674M); by covered participants it is Danfoss Power Solutions Employees' Retirement Plan in IA (1,107 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($675M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,107 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 Pension Plan assets move in 2023? ▼
First Horizon Corporation Pension Plan edged up modestly - up 1.6% during 2023, from $664M to $675M. Reported net income was $12M.
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 127,072 plans that reported assets for plan year 2023 (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 Cement and Concrete Workers DC Pension Fund in NY ($674M, 997 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First Horizon Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Danfoss Power Solutions Employees' Retirement Plan in IA (1,107 participants, $153M 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.