Plan Snapshot
- Plan Sponsor: First Horizon Corporation
- Sponsor EIN: 620803242
- Sponsor Address: PO BOX 84, MEMPHIS, TN, 381010084
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 9,529
- Total Assets: $1.3B
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. |
|---|---|---|---|---|
| 2025 | 9,529 | $1.3B | $0 | $0 |
| 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 | $834,009 | — | $834,009 |
| AON INVESTMENT USA, INC | Other Service Provider | $88,750 | — | $88,750 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Other Service Provider | $64,000 | — | $64,000 |
| CBIZ CPAS P.C. | Auditor | $59,400 | — | $59,400 |
| BLACKROCK INSTIUTIONAL TRUST CO | Investment Advisor | $52,645 | — | $52,645 |
| BILLY JONATHAN LEWIS CONSULTING | Other Service Provider | $29,510 | — | $29,510 |
| BAKER, DONELSON, BEARMAN | ERISA Attorney | $11,553 | — | $11,553 |
| ANDERSON CONSULTING LLC | Other Service Provider | $6,935 | — | $6,935 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,146,802
- Estimated Expense Ratio: 0.091% 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 |
|---|---|---|---|---|---|
| 2025 | $123,160,543 | $245,064 | $4,000 | $59,400 | — |
| 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 |