Retirement plan
FEDEX CORPORATION EMPLOYEES' PENSION PLAN
FEDEX CORPORATIONEIN 62-1721435Plan #002PY 2016
3630 HACKS CROSS ROAD, BUILDING C, 3RD FLOOR - MEMPHIS, TN 38125901-820-5802
Other plans on this EIN
1 filingProspect flagsLow returnsLow participation
Filing contacts
From the Form 5500, federal recordPlan administrator signer
HUGH A. SKINNER
Signed 03/15/2017
Summary metrics
Total assets (EOY)
$23947.7M
-9.5% from 2017
Total participants
224,655
+5.0% from 2017
Average account balance
$0
No prior year
Annual return
0.90%
-7.86 pp from 2017
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort244 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $34
65
Employer contribution / active EE
$14,925
median $6,216
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
8
Annual return
0.90%
median 6.89%
Overall peer rank
25of 100
25th percentileavg across 6 metrics
Analytics
2016 - 2025
Total assets (EOY)
Plan-year ending balance
$26.86B
Average account balance
Total assets / participants with a balance (line 6g)
$126K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
100,454
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$275.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+6.25%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES1+ years Service code 11 · EIN 22-2232264 | Actuarial | $7,564,977 |
MERCER HUMAN RESOURCE CONSULTING1+ years Service code 11 · EIN 13-2834414 | Actuarial | $3,938,455 |
STATE STREET BANK & TRUST1+ years Service code 21 · EIN 04-3400339 | Bank Trustee | $2,166,309 |
TOWERS WATSON1+ years Service code 16 · EIN 06-1467923 | Consulting | $700,016 |
SHADES OF GRAY1+ years Service code 36 · EIN 62-1413611 | Copying and duplicating | $463,811 |
PRUDENTIAL1+ years Service code 28 · EIN 22-2550816 | Investment Management | $98,681 |
HOWARD PRESS1+ years Service code 36 · EIN 22-3736227 | Copying and duplicating; Direct payme... | $64,198 |
PRICEWATERHOUSECOOPERS LLP1+ years Service code 16 · EIN 13-4008324 | Consulting | $62,699 |
BAKER DONELSON1+ years Service code 29 · EIN 62-1047356 | Legal | $15,047 |
Service code 36 · EIN 77-0433330 | Direct payment from the plan; Copying... | $11,577 |
Enrolled actuary
1 attachment
SB
KAREN W. BUCKNER, ASA
MERCER
Enrollment #1403742
1000 RIDGEWAY LOOP ROAD
MEMPHIS, TN 38120
(901) 684-3100
Signed 2017-02-22
Plan features & details
Pension benefit codes1A1C3F3H3J
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3JU.S.-based Puerto Rico dual-qualified planU.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.
Opportunity flags
2 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$67.3M
$547 / participant
- Other / not subdivided$67M100.0%
% of EOY assets
0.281%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- ERNST & YOUNG, LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified