401(k) · DOL Form 5500 · 2024

First Horizon Corporation 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
7,294
Participants Very large workforce
99th
Percentile by assets National rank
$153,277
Avg per participant Above avg balance/head
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Official DOL plan name: First Horizon Corporation Savings Plan · Sponsored by First Horizon Corporation · Tennessee · Finance & Insurance

$1.1B in assets, 7,294 participants

First Horizon Corporation's First Horizon Corporation Savings Plan reported $1.1B in total assets and 7,294 participants in its 2024 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.

  • #8,320 in Finance & Insurance (8,549 peers)

Coverage in Tennessee

First Horizon Corporation Savings Plan covers 7,294 participants in Tennessee, 6.5x the typical Tennessee plan (state average ~1,126 per filing). Assets: $1.1B.

#8,320
in Finance & Insurance (8,549 peers)
+14.1%
assets growth YoY
11×
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 2024 · DOL Form 5500

$1,118,003,700 Top 1% higher than 99% of 123,620 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 2024

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

Plan-year 2024 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 (7,294 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Horizon Corporation Savings Plan reported net income rose from $49M in the plan year 2023 filing to $138M in the plan year 2024 filing.
  • First Horizon Corporation Savings Plan end-of-year assets rose from $980M in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
  • First Horizon Corporation Savings Plan reported participants fell from 7,404 in the plan year 2023 filing to 7,294 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 620803242 · First Horizon Corporation PY 2024 · 401(k)

First Horizon Corporation Savings Plan · $1.1B · 7,294 · 99th

  • EIN $1.1B
  • RANK 7,294
  • PHOTO 99th
  • IND 401(k)
  • EOY near Mizuho Americas 401(k) Plan
  • 5500 ind #8320

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

First Horizon Corporation Savings PlanFirst Horizon Corporation Sa…$1.1BMizuho Americas 401(k) Plan$1.1BOtsuka America 401(k) Savings PlanOtsuka America 401(k) Saving…$1.1BAcna 401(k) Plan$1.1BCibc Retirement Savings Plan for U.S. EmployeesCibc Retirement Savings Plan…$1.1B
End-of-year total assets ($B) among First Horizon Corporation Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$980M
Net Assets (End of Year)$1.1B
Net Income$138M
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): 1.1180037 · Participants: 7294First Horizon Corporation Savings PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.993858777 · Participants: 12564International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.778242011 · Participants: 59441Chs/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 $1.1B in end-of-year assets across 7,294 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $153,277 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2024 was $138M.

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 Open filing
2024 · index core 7,294 $1.1B This page

The same sponsor also keeps 1 other index-core plan 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 Mizuho Americas 401(k) Plan in NY ($1.1B); by covered participants it is Esa Management, LLC 401(k) Plan in NC (7,293 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (7,294 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
First Horizon Corporation Savings Plan grew at a solid clip - up 14.1% during 2024, from $980M to $1.1B. Reported net income was $138M.
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 123,622 plans that reported assets for plan year 2024 (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 Mizuho Americas 401(k) Plan in NY ($1.1B, 2,893 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 Esa Management, LLC 401(k) Plan in NC (7,293 participants, $81M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.