Plan Snapshot
- Plan Sponsor: First Horizon Corporation
- Sponsor EIN: 620803242
- Sponsor Address: PO BOX 84, MEMPHIS, TN, 38101
- Plan Type: Health & Welfare
- Plan Number: 516
- Total Participants: 264
- Total Assets: $57,496
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 | 264 | $57,496 | $11,175 | $0 |
| 2023 | 283 | $23,050 | $11,983 | $0 |
| 2022 | 286 | $65,895 | $14,150 | $0 |
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 |
|---|---|---|---|---|
| FIRST HORIZON BANK TRUST DIVISION | Other Service Provider | $34,233 | — | $34,233 |
| CBIZ CPAS P.C. | Auditor | $23,930 | — | $23,930 |
| COMPSYCH CORPORATION | Other Service Provider | $18,630 | — | $18,630 |
| WILLIS TOWERS WATSON US, LLC | Recordkeeper | $12,469 | — | $12,469 |
| AON INVESTMENT CONSULTING | Other Service Provider | $5,375 | — | $5,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,637
- Estimated Expense Ratio: 164.598% 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 | $99,591 | — | $35,485 | $23,930 | — |
| 2023 | $122,189 | — | $25,116 | $15,750 | — |
| 2022 | $56,713 | $6,250 | $24,863 | — | $25,600 |