FIRST HORIZON CORPORATION SAVINGS PLAN

Plan Contact

  • Address: PO BOX 84,MEMPHIS,TN
  • Phone: (901) 523-5909

Plan General Information

FIRST HORIZON CORPORATION SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of FIRST HORIZON CORPORATION SAVINGS PLAN is $979,738,988.00.This plan was established in 1978.

FIRST HORIZON CORPORATION SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in FIRST HORIZON CORPORATION SAVINGS PLAN is 10266

FIRST HORIZON CORPORATION SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for FIRST HORIZON CORPORATION SAVINGS PLAN is $95,435.00

FIRST HORIZON CORPORATION SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for FIRST HORIZON CORPORATION SAVINGS PLAN is $9,836.00.

FIRST HORIZON CORPORATION SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in FIRST HORIZON CORPORATION SAVINGS PLAN is approximately $3,418.00
Investing in this additonal $3,418.00 for 20 years would give you extra $218,812.00, assuming a 10% annual return.

FIRST HORIZON CORPORATION SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, FIRST HORIZON CORPORATION SAVINGS PLAN allocates $35,098,892.00 to match its employees' contributions, providing an employer match rate of 69.51% of their contributions

FIRST HORIZON CORPORATION SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of FIRST HORIZON CORPORATION SAVINGS PLAN is 5.22%.

FIRST HORIZON CORPORATION SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for FIRST HORIZON CORPORATION SAVINGS PLAN is 7.31%. This measures the effectiveness of the plan participants' investments in the year.

FIRST HORIZON CORPORATION SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of FIRST HORIZON CORPORATION SAVINGS PLAN is 0.12%.

Enrollment Features

FIRST HORIZON CORPORATION SAVINGS PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.


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