401(k) · DOL Form 5500 · 2024

First Horizon Corporation 401(k) Plan

Data updated 2026-08-11

$1.1B
Total assets: 7,294
Participants: 99th
Percentile by assets: $153,277
Avg per participant

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.

99th percentile by assets (of 123,622 plans)
#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.

$1.1B
total plan assets (2024 EOY): 7,294
covered participants: 99th
percentile by assets (of 123,622 plans): $153,277
avg assets per participant

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 →

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 7,294 participants - 6.5x that state average ($1.1B EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$980M
Net Assets (End of Year)	$1.1B
Net Income	$138M
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 $25.4B · 113,079
Hca 401(k) Plan $23.8B · 307,086
Federal Express Corporation Pilots Retirement Savings Plan $5.3B · 5,830
International Paper Company Salaried Savings Plan $5.0B · 12,564
Chs/Community Health Systems, Inc. Retirement Savings Plan $4.8B · 59,441

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 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.

Mizuho Americas 401(k) Plan (NY) $1.1B · 2,893
Otsuka America 401(k) Savings Plan (NJ) $1.1B · 3,000
Acna 401(k) Plan (NJ) $1.1B · 6,827
Cibc Retirement Savings Plan for U.S. Employees (IL) $1.1B · 3,385

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).

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 2024.

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