Defined Benefit (Pension) · DOL Form 5500 · 2024

First Horizon Corporation Pension Plan

Data updated 2026-08-25

$603M
Total assets Above avg plan size
1,016
Participants Near avg headcount
98th
Percentile by assets National rank
$593,639
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

$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.

  • #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.

#8,183
in Finance & Insurance (8,549 peers)
-10.6%
assets change YoY
6.1×
vs typical plan assets (national mean)

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's outsized position by total assets

First Horizon Corporation Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$603,137,584 Top 2% higher than 98% 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 Pension 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 Pension Plan lands in the large band (1,016 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

EBSA filing schedule strip

Filing strip 620803242 · First Horizon Corporation PY 2024 · Defined Benefit (Pension)

First Horizon Corporation Pension Plan · $603M · 1,016 · 98th

  • EIN $603M
  • RANK 1,016
  • PHOTO 98th
  • IND Defined Benefit (Pension)
  • EOY near Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico
  • 5500 ind #8183

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

Sidley Austin LLP Cash Balance Retirement Plan for PartnersSidley Austin LLP Cash Balan…$606MPfizer Consolidated Pension Plan for Employees Resident in Puerto RicoPfizer Consolidated Pension …$604MFirst Horizon Corporation Pension PlanFirst Horizon Corporation Pe…$603MMedstar Health, Inc. Pension Equity PlanMedstar Health, Inc. Pension…$601MWestern States Office & Professional Employees PenWestern States Office & Prof…$601M
End-of-year total assets ($M) among First Horizon Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$675M
Net Assets (End of Year)$601M
Net Income-$72M
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): 0.603137584 · Participants: 1016First Horizon Corporation Pension PlanFedex Corporation Employees' Pension Plan, Total assets ($B): 26.858555454 · Participants: 125941Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.18942151 · Participants: 20795Retirement Plan of International Paper CompanyPace Industry Union-Management Pension Fund, Total assets ($B): 2.839667916 · Participants: 3134Pace Industry Union-Management Pension FundPension Plan for Employees at Ornl, Total assets ($B): 2.400126032 · Participants: 6357Pension 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): 1.97251328 · Participants: 2516Retirement 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 Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico in PA ($604M); by covered participants it is Danfoss Power Solutions Employees' Retirement Plan in IA (1,014 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,016 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 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).
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 (1,014 participants, $151M 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.