# First Horizon Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/first-horizon-corporation-620803242-502

> First Horizon Corporation's Health & Welfare plan: 5,556 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, 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|

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