Employers › First Horizon
Recordkeeping fees per participant · First Horizon Corporation Savings Plan · plan year 2024
$81.85
Higher than 97% of the 790 plans over $1B that report it.
= $791,550 / 9,671
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250703121731NAL0000592273001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703121731NAL0000592273001, received 2025-07-03
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-03.
Administrative expenses excluding investment management, per participant
$88.79
Higher than 88% of the 1,045 plans over $1B that report it.
= $858,697 / 9,671
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250703121731NAL0000592273001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703121731NAL0000592273001, received 2025-07-03
Administrative expenses per participant
$117.07
Higher than 78% of the 1,076 plans over $1B that report it.
= $1,132,223 / 9,671
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250703121731NAL0000592273001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703121731NAL0000592273001, received 2025-07-03
Administrative expenses as a share of assets
0.101%
Higher than 87% of the 1,076 plans over $1B that report it.
= $1,132,223 / $1,118,003,700
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250703121731NAL0000592273001, received 2025-07-03
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250703121731NAL0000592273001, received 2025-07-03
Employer contributions per participant
$3,738
Higher than 50% of the 1,135 plans over $1B that report it.
= $36,148,790 / 9,671
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250703121731NAL0000592273001, received 2025-07-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703121731NAL0000592273001, received 2025-07-03
Employer share of total contributions
36.9%
Higher than 64% of the 1,135 plans over $1B that report it.
= $36,148,790 / $97,841,790
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250703121731NAL0000592273001, received 2025-07-03
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250703121731NAL0000592273001, received 2025-07-03
Employer match
“All participants receive 100% matching of the first 1% to 6% of participant pre-tax, catch-up, and Roth 401(k) contributions.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Company matching contributions are subject to a three-year cliff vesting schedule.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · 2S pre-approved plan document · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250703121731NAL0000592273001, received 2025-07-03
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FIRST HORIZON CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Plan name | FIRST HORIZON CORPORATION SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Sponsor EIN / plan number | 62-0803242 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Sponsor location | MEMPHIS, TN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Filing received | 2025-07-03 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Participants, beginning of year | 10,003 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Active participants | 7,406 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Participants, end of year | 10,136 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Participants with an account balance | 9,671 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Total assets, beginning of year | $979,738,988 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Total assets, end of year | $1,118,003,700 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Net assets, end of year | $1,118,003,700 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Total income | $265,047,925 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Net income | $138,264,712 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Employer contributions | $36,148,790 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Participant contributions | $52,292,285 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Other contributions (incl. rollovers) | $9,400,715 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Total contributions | $97,841,790 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Benefit payments | $125,650,990 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Total expenses (incl. benefit payments) | $126,783,213 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Total administrative expenses | $1,132,223 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Recordkeeping fees | $791,550 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| IQPA audit fees | $56,010 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Investment advisory and management fees | $273,526 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Administrative expenses excluding investment management | $858,697 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Held in common/collective trusts | $821,662,518 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Held in mutual funds | $51,586,155 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250703121731NAL0000592273001, received 2025-07-03 |
| Independent auditor | CBIZ CPAS P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250703121731NAL0000592273001, received 2025-07-03 |
Position = column in the DOL layout for form year 2024. Filing 20250703121731NAL0000592273001, received 2025-07-03.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORDKEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $791,550 | yes |
| BLACKROCK INSTIUTIONAL TRUST CO | INVESTMENT MANAGEMENT | 28 Investment management; 50 Direct payment from the plan | $100,915 | no |
| AON INVESTMENT USA, INC | CONSULTANT | 16 Consulting (general); 53 Insurance brokerage commissions and fees | $86,520 | no |
| GALLAGHER FIDUCIARY ADVISORS, LLC | CONSULTING | 16 Consulting (general); 50 Direct payment from the plan | $64,000 | no |
| CBIZ CPAS P.C. | AUDITOR | 10 Accounting (including auditing); 50 Direct payment from the plan | $56,010 | no |
| BILLY JONATHAN LEWIS CONSULTING | CONSULTANT | 16 Consulting (general); 50 Direct payment from the plan | $22,361 | no |
| BAKER, DONELSON, BEARMAN | LEGAL | 29 Legal; 50 Direct payment from the plan | $6,795 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250703121731NAL0000592273001, received 2025-07-03.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $979,738,988 | $1,118,003,700 | 14.1% |
| Participants with a balance | 9,782 | 9,671 | -1.1% |
| Administrative expenses | $1,182,664 | $1,132,223 | -4.3% |
| Recordkeeping fees per participant | $94.38 | $81.85 | -13.3% |
| Employer contributions | $35,098,892 | $36,148,790 | 3.0% |
Prior filing 20240703175459NAL0014109650001, received 2024-07-03; the plan years are contiguous.
Sponsor name as filed: FIRST HORIZON CORPORATION; SEC registrant: FIRST HORIZON CORP (CIK 36966, matched by EIN).