# First Horizon Corporation 401(k) Plan
Source: https://planprovider.pro/companies/first-horizon-corporation-401k-plan

> First Horizon Corporation's 401(k) plan: 7,406 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [GALLAGHER FIDUCIARY ADVISORS, LLC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — 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|

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