First Horizon Bank
First Horizon Bank Compensation & Benefits
This page summarizes recurring themes identified from responses generated by popular LLMs to common candidate questions about First Horizon Bank and has not been reviewed or approved by First Horizon Bank.
How are the compensation & benefits at First Horizon Bank?
Strengths in retirement, family-support, and wellbeing benefits coexist with concerns about limited pay progression, compensation transparency, and uneven healthcare quality. Together, these dynamics suggest the total rewards package can feel comprehensive on paper but variable in perceived value depending on role, tenure, and expectations around pay growth and medical coverage.
Key Insight for Candidates
Defining tradeoff: long-term value over immediate cash. A rare pension plus a strong 401(k) match and family supports contrast with slow raises and mixed health plan satisfaction. Great if you prioritize retirement security; less compelling if you expect rapid pay growth.Evidence in Action
- FHN Savings 6% Match — FHN Savings and a 401(k) plan with company matching contributions up to 6% of pre-tax income anchor retirement earnings. This reliably boosts total compensation and incentivizes early participation, improving retention and long-term savings confidence for employees.
- 1946 Defined Benefit Pension — The First Horizon National Corporation Pension Plan, a defined benefit fund established in 1946, remains part of the retirement framework. This legacy pension signals long-term commitment and provides predictable future income, enhancing security for tenured employees beyond market-typical 401(k)-only offerings.
Positive Themes About First Horizon Bank
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Retirement Support: Retirement offerings include a 401(k) plan with company matching contributions up to 6% of pre-tax income, alongside FSA/HSA options and a defined benefit pension plan. Stock purchase and equity programs (including options and RSUs) also add to longer-term wealth-building opportunities for eligible employees.
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Parental & Family Support: Parental leave is available for childbirth, adoption, foster parenting, or surrogacy, and adoption reimbursement is included in the package. These family-building benefits broaden support beyond traditional maternity/paternity leave structures.
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Wellbeing & Lifestyle Benefits: Wellbeing support includes an internal wellness program, an employee assistance program, and access to a digital wellness platform. Group life insurance and disability coverage (including no-cost options) strengthen financial protection and day-to-day support.
Considerations About First Horizon Bank
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Stagnant Pay & Limited Progression: Pay growth is frequently characterized as limited, with concerns about raises being scarce or non-existent for some roles and tenures. Starting pay can be perceived as adequate while longer-term progression is viewed as lagging.
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Unfair & Opaque Compensation: Compensation experiences include claims of being misled during recruiting and perceptions that pay is low relative to expectations in certain roles. These accounts point to trust and transparency gaps in how compensation is communicated and administered.
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Weak Healthcare Coverage: Health insurance quality is described as inconsistent, with instances characterizing coverage as poor or very minimal. Mixed perceptions of health benefits contribute to uneven confidence in the medical offering.
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