Defined Benefit (Pension) · DOL Form 5500 · 2024

First Horizon Corporation Pension Plan

Data updated 2026-08-11

$603M
Total assets: 1,016
Participants: 98th
Percentile by assets: $593,639
Avg per participant

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

$603M in assets, 1,016 participants

First Horizon Corporation's First Horizon Corporation Pension Plan reported $603M in total assets and 1,016 participants in its 2024 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.

98th percentile by assets (of 123,622 plans)
#8,183 in Finance & Insurance (8,549 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, $603M for 1,016 participants (~$593,639/participant), down 10.6% in 2024.

$603M
total plan assets (2024 EOY): 1,016
covered participants: 98th
percentile by assets (of 123,622 plans): $593,639
avg assets per participant

The plan reported a net loss of $72M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Horizon Corporation Pension Plan reported net income fell from $12M in the plan year 2023 filing to -$72M in the plan year 2024 filing.
First Horizon Corporation Pension Plan end-of-year assets fell from $675M in the plan year 2023 filing to $603M in the plan year 2024 filing.
First Horizon Corporation Pension Plan reported participants fell from 1,107 in the plan year 2023 filing to 1,016 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Tennessee

Industry

Finance & Insurance

First Horizon Corporation Pension Plan vs the 2024 asset distribution

By assets, First Horizon Corporation Pension Plan outranks 98% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 6.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$675M
Net Assets (End of Year)	$601M
Net Income	-$72M
Employer EIN	620803242
Plan Effective Date	1946-01-25
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 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

Fedex Corporation Employees' Pension Plan $26.9B · 125,941
Retirement Plan of International Paper Company $8.2B · 20,795
Pace Industry Union-Management Pension Fund $2.8B · 3,134
Pension Plan for Employees at Ornl $2.4B · 6,357
Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee $2.0B · 2,516

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

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to First Horizon Corporation Pension Plan by total assets, not by location.

Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico (PA) $604M · 649
Medstar Health, Inc. Pension Equity Plan (MD) $601M · 1,716
Western States Office & Professional Employees Pen (CA) $601M · 629
Sidley Austin LLP Cash Balance Retirement Plan for Partners (IL) $606M · 615

Frequently Asked Questions

How did First Horizon Corporation Pension Plan assets move in 2024? ▼

First Horizon Corporation Pension Plan pulled back noticeably - down 10.6% during 2024, from $675M to $603M. Reported net income was -$72M.

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 123,622 plans that reported assets for plan year 2024 (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 Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico in PA ($604M, 649 participants).

Next read for First Horizon Corporation Pension Plan

Scale reading

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

By total assets, First Horizon Corporation Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.