Retirement plan

FIRST HORIZON CORPORATION SAVINGS PLAN AND TRUST

Name: FIRST HORIZON CORPORATION - FIRST HORIZON CORPORATION SAVINGS PLAN AND TRUST (2022) Form 5500
Creator: FIRST HORIZON CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST HORIZON CORPORATION SAVINGS PLAN AND TRUST, FIRST HORIZON CORPORATION

FIRST HORIZON CORPORATIONEIN 62-0803242Plan #002PY 2022

PO BOX 84 - MEMPHIS, TN 381010084901-523-5909

Other plans on this EIN

1 filing

#001Retirement-$663.9M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed September 25, 2012 (most recent of 6 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$931.1M

+4032.0% from 2016

Total participants

10,266

+2051.9% from 2016

Average account balance

$93,628

No prior year

Annual return

-6.65%

-2.40 pp from 2016

Benchmarks

See 97 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort97 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.12B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$116K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

9,671

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.91%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$117

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$838,520
BLACKROCK1 year Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 27 · EIN 94-3112180	Advisory (Plan)	$117,846
AON CONSULTING8+ years Filed as: AON HEWITT INVESTMENT CONSULTING, Service code 16 · EIN 36-3109431	Consulting	$80,000
MAYER HOFFMAN MCCANN P.C.8+ years Service code 10 · EIN 43-1947695	Accounting	$41,600
ROBERT HALF3 years Filed as: OFFICE TEAM Service code 16 · EIN 94-1648752	Consulting	$23,955
CHARLES SCHWAB & CO., INC.8+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$14,072

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$149 / participant

Investment mgmt$198K17.9%
Contract admin$839K75.9%
Other / not subdivided$69K6.2%

% of EOY assets

0.119%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,628

$119,153-21.4%

$151,634-38.3%

$78,104+19.9%

Participation rate

95.7%

92.5%+3.2pp

87.5%+8.2pp

74.5%+21.2pp

Annual return

-6.65%

-10.83%+4.2pp

3.32%-10.0pp

10.90%-17.6pp

Employer contribution / active EE

$4,700

$5,298-11.3%

$6,165-23.8%

$3,128+50.3%

Participant deferral / active EE

$6,770

$8,624-21.5%

$8,363-19.0%

$5,089+33.0%

Admin fee / account holder

$111

$69+61.6%

$11,614-99.0%

$79+40.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$838,520

BLACKROCK1 year

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 27 · EIN 94-3112180

Advisory (Plan)

$117,846

AON CONSULTING8+ years

Filed as: AON HEWITT INVESTMENT CONSULTING,

Service code 16 · EIN 36-3109431

Consulting

$80,000

MAYER HOFFMAN MCCANN P.C.8+ years

Service code 10 · EIN 43-1947695

Accounting

$41,600

ROBERT HALF3 years

Filed as: OFFICE TEAM

Service code 16 · EIN 94-1648752

Consulting

$23,955

CHARLES SCHWAB & CO., INC.8+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$14,072

FIRST HORIZON CORPORATION SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST HORIZON CORPORATION SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion