Employer · plans filed under one EIN
First Horizon Corporation
Memphis, TN · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
First Horizon Corporation, based in Memphis, Tennessee, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 14,065 participant records and $1.87B in net assets.
The largest is First Horizon Corporation Savings Plan, an ESOP with a 401(k) feature with 9,529 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $36.1M and participant contributions $54.9M in the latest plan years; benefits paid were $190M. Schedule C compensation reported to service provider organisations totalled $3.6M.
Combined net assets moved from $905M in 2009 to $1.27B in 2025 (up 40%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| First Horizon Corporation Savings Plan | ESOP with a 401(k) feature | 2025 | 9,529 | $1.27B | $132,919 | $4,944 | $1.1M |
| First Horizon Corporation Pension Plan | defined benefit pension plan | 2024 | 4,536 | $601M | $132,494 | — | $2.4M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 9,529 | $1.27B | $36.1M | $54.9M |
| 2024 | 2 | 14,672 | $1.72B | $36.1M | $52.3M |
| 2023 | 2 | 15,298 | $1.65B | $35.1M | $50.5M |
| 2022 | 2 | 15,585 | $1.59B | $34.8M | $50.1M |
| 2021 | 2 | 15,569 | $1.87B | $42.0M | $50.5M |
| 2020 | 2 | 15,943 | $1.77B | $28.9M | $38.5M |
| 2019 | 1 | 7,213 | $656M | $19.4M | $27.7M |
| 2018 | 2 | 14,413 | $1.29B | $19.2M | $27.6M |
| 2017 | 2 | 13,470 | $1.43B | $16.0M | $21.8M |
| 2016 | 2 | 7,735 | $811M | $250K | $0 |
| 2015 | 2 | 15,126 | $1.28B | $179M | $19.1M |
| 2014 | 2 | 16,078 | $1.17B | $13.0M | $18.2M |
| 2013 | 2 | 17,014 | $1.08B | $12.9M | $18.4M |
| 2012 | 2 | 16,998 | $1.02B | $9.9M | $18.9M |
| 2011 | 2 | 17,342 | $922M | $10.2M | $19.6M |
| 2010 | 2 | 18,217 | $961M | $10.5M | $20.9M |
| 2009 | 2 | 18,819 | $905M | $61.2M | $21.4M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Aon Consulting Inc. | Actuarial; Plan Administrator; Consulting (pension) | 1 | $1,525,892 |
| Transamerica Retirement Solutions | Claims processing; Recordkeeping and information management; Investment management; Participant loan processing | 1 | $834,009 |
| First Horizon Bank Trust Division | Trustee (bank, trust company, or similar financial institution) | 1 | $301,116 |
| Legal and General Investment Managt | — | 1 | $291,448 |
| Nisa Investment Advisors LLC | — | 1 | $260,643 |
| CBIZ CPAS P.C. | Accounting (including auditing) | 2 | $100,095 |
| Aon Investment USA, Inc. | Consulting (general) | 1 | $88,750 |
| BlackRock Instiutional Trust Co. | Investment management | 2 | $78,532 |
| Gallagher Fiduciary Advisors, LLC | Consulting (general) | 1 | $64,000 |
| Billy Jonathan Lewis Consulting | Consulting (general) | 1 | $29,510 |
| Anderson Consulting LLC | Consulting (general) | 1 | $6,935 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does First Horizon Corporation have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: First Horizon Corporation Savings Plan and First Horizon Corporation Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does First Horizon Corporation contribute to its plans?
$36,063,475 in employer contributions across these plans in their latest plan years, about $4,372 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Aon Consulting Inc., Transamerica Retirement Solutions, First Horizon Bank Trust Division and Legal and General Investment Managt and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.