Retirement plan

FIRST HORIZON CORPORATION SAVINGS PLAN

Name: FIRST HORIZON CORPORATION - FIRST HORIZON CORPORATION SAVINGS PLAN (2024) Form 5500
Creator: FIRST HORIZON CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST HORIZON CORPORATION SAVINGS PLAN, FIRST HORIZON CORPORATION

FIRST HORIZON CORPORATIONEIN 62-0803242Plan #002PY 2024

PO BOX 84 - MEMPHIS, TN 381010084901-523-4604

Other plans on this EIN

1 filing

#001Retirement-$603.1M 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.

Open the filing PDF

How to read this page

Total assets (EOY)

$1118M

+14.1% from 2023

Total participants

10,136

+1.3% from 2023

Average account balance

$115,604

+15.4% from 2023

Annual return

17.91%

+10.54 pp from 2023

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$1.27B

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

9,305

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90.99M

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

+16.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$791,550
BLACKROCK1 year Filed as: BLACKROCK INSTIUTIONAL TRUST CO Service code 28 · EIN 94-3112180	Investment Management	$100,915
AON CONSULTING2 years Filed as: AON INVESTMENT USA, INC Service code 16 · EIN 36-3109431	Consulting	$86,520
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Service code 16 · EIN 36-4291971	Consulting	$64,000
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ CPAS P.C. Service code 10 · EIN 43-1947695	Accounting	$56,010
BILLY JONATHAN LEWIS CONSULTING1 year Service code 16 · EIN 41-0295805	Consulting	$22,361
BAKER TILLY US, LLP1 year Filed as: BAKER, DONELSON, BEARMAN Service code 29 · EIN 62-1047356	Legal	$6,795
CHARLES SCHWAB & CO., INC.10+ years Service code 33	Securities brokerage; Securities brok...	$0

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

$153 / participant

Recordkeeping$792K69.9%
Trustee / custodial$4K0.3%
Investment mgmt$274K24.2%
Legal$7K0.6%
Other / not subdivided$57K5.0%

% of EOY assets

0.101%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $56,010
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,604

$145,516-20.6%

$184,203-37.2%

$99,062+16.7%

Participation rate

93.7%

90.3%+3.5pp

86.8%+6.9pp

71.6%+22.1pp

Annual return

17.91%

21.23%-3.3pp

28.81%-10.9pp

17.66%+0.3pp

Employer contribution / active EE

$4,881

$5,354-8.8%

$6,427-24.1%

$3,262+49.6%

Participant deferral / active EE

$7,061

$8,423-16.2%

$9,131-22.7%

$5,331+32.4%

Admin fee / account holder

$117

$78+50.7%

$13,901-99.2%

$109+7.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

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

$791,550

BLACKROCK1 year

Filed as: BLACKROCK INSTIUTIONAL TRUST CO

Service code 28 · EIN 94-3112180

Investment Management

$100,915

AON CONSULTING2 years

Filed as: AON INVESTMENT USA, INC

Service code 16 · EIN 36-3109431

Consulting

$86,520

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Service code 16 · EIN 36-4291971

Consulting

$64,000

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ CPAS P.C.

Service code 10 · EIN 43-1947695

Accounting

$56,010

BILLY JONATHAN LEWIS CONSULTING1 year

Service code 16 · EIN 41-0295805

Consulting

$22,361

BAKER TILLY US, LLP1 year

Filed as: BAKER, DONELSON, BEARMAN

Service code 29 · EIN 62-1047356

Legal

$6,795

CHARLES SCHWAB & CO., INC.10+ years

Service code 33

Securities brokerage; Securities brok...

FIRST HORIZON CORPORATION SAVINGS PLAN

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

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