Plan Snapshot
- Plan Sponsor: First Horizon Corporation
- Sponsor EIN: 620803242
- Sponsor Address: PO BOX 84, MEMPHIS, TN, 38101
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 5,556
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,556 | $4.5M | $48.0M | $25.2M |
| 2023 | 5,563 | $2.6M | $44.4M | $23.9M |
| 2022 | 5,722 | $4.0M | $37.8M | $24.5M |
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 |
|---|---|---|---|---|
| BCBSTN | Other Service Provider | $1,644,064 | — | $1,644,064 |
| QUANTUM HEALTH INC | Other Service Provider | $1,522,497 | — | $1,522,497 |
| ENGAGE2EXCEL | Other Service Provider | $398,097 | — | $398,097 |
| HEALTHNEXT LLC | Other Service Provider | $365,000 | — | $365,000 |
| SIMPLE HEALTH LLC | Other Service Provider | $159,950 | — | $159,950 |
| LIFESPEAK | Other Service Provider | $155,326 | — | $155,326 |
| WELLNESS CONSULTANTS | Other Service Provider | $149,396 | — | $149,396 |
| TRULIFECARE LLC | Other Service Provider | $134,286 | — | $134,286 |
| MCGRIFF INSURANCE SERVICES | Other Service Provider | $114,436 | — | $114,436 |
| COMPSYCH CORPORATION | Other Service Provider | $84,501 | — | $84,501 |
| MILLIMAN-CONSULTING H&W BENEFITS | Other Service Provider | $52,616 | — | $52,616 |
| KRISTIAN ROBINSON | Other Service Provider | $52,004 | — | $52,004 |
| CBIZ CPAS P.C. | Auditor | $45,190 | — | $45,190 |
| UKG INC | Other Service Provider | $35,006 | — | $35,006 |
| VANDERBILT UNIVERSITY MED CENTER | Other Service Provider | $31,192 | — | $31,192 |
| HAWAII MEDICAL SERVICE ASSN | Other Service Provider | $29,464 | — | $29,464 |
| BAKER, DONELSON, BEARMAN, CALDWELL | ERISA Attorney | $21,198 | — | $21,198 |
| HEALTHCARE TN | Other Service Provider | $20,000 | — | $20,000 |
| KAREN SONES | Other Service Provider | $19,450 | — | $19,450 |
| COVENANT HEALTH | Other Service Provider | $5,663 | — | $5,663 |
| FIRST HORIZON BANK TRUST DIVISION | Other Service Provider | $5,577 | — | $5,577 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,044,913
- Estimated Expense Ratio: 112.617% 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 | $3,231,637 | — | $3,166,561 | $36,160 | — |
| 2023 | $1,596,038 | — | $1,568,528 | — | — |
| 2022 | $139,349 | $1,250 | $63,179 | — | $74,920 |