Plan Snapshot
- Plan Sponsor: First Horizon Corporation
- Sponsor EIN: 620803242
- Sponsor Address: PO BOX 84, MEMPHIS, TN, 381010084
- Plan Type: 401(k)
- Total Participants: 7,406
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,406 | $1.1B | $36.1M | $52.3M |
| 2023 | 7,294 | $979.7M | $35.1M | $50.5M |
| 2022 | 7,403 | $931.1M | $34.8M | $50.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $791,550 | — | $791,550 |
| BLACKROCK INSTIUTIONAL TRUST CO | INVESTMENT MANAGEMENT | $100,915 | — | $100,915 |
| AON INVESTMENT USA, INC | CONSULTANT | $86,520 | — | $86,520 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | CONSULTING | $64,000 | — | $64,000 |
| CBIZ CPAS P.C. | AUDITOR | $56,010 | — | $56,010 |
| BILLY JONATHAN LEWIS CONSULTING | CONSULTANT | $22,361 | — | $22,361 |
| BAKER, DONELSON, BEARMAN | LEGAL | $6,795 | — | $6,795 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- GALLAGHER FIDUCIARY ADVISORS, LLC — CONSULTING
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,128,151
- Estimated Expense Ratio: 0.101% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,132,223 | $273,526 | — | $56,010 | — |
| 2023 | $1,182,664 | $196,816 | — | $49,800 | — |
| 2022 | $1,105,145 | $197,847 | $838,520 | — | $68,778 |