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Retirement plan

FEDEX CORPORATION EMPLOYEES' PENSION PLAN

FEDEX CORPORATIONEIN 62-1721435Plan #002PY 2019
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3630 HACKS CROSS ROAD, BUILDING C, 3RD FLOOR - MEMPHIS, TN 38125901-820-5802
Other plans on this EIN
1 filing
#001Retirement-$20.82B assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(901) 820-5802
Plan administrator signer
JEFFREY MIZE
Signed 03/15/2022
How to read this page

Summary metrics

Total assets (EOY)
$23310.2M
-9.5% from 2017
Total participants
192,480
+5.0% from 2017
Average account balance
$0
No prior year
Annual return
4.30%
-7.86 pp from 2017

Benchmarks

See 222 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort222 peers
Snapshot2019
Participant deferral / active EE
$0
median $57
Employer contribution / active EE
$7,480
median $5,966
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $894,319,009
Admin fee / account holder
$0
median $2,968,729
Annual return
4.30%
median 16.59%
Overall peer rank
26th 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 9 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS2 years
Service code 11 · EIN 82-1061233
Actuarial
$6,441,133
STATE STREET BANK & TRUST4+ years
Service code 21 · EIN 04-3400339
Bank Trustee
$1,422,540
TOWERS WATSON4+ years
Service code 16 · EIN 06-1467923
Consulting
$954,086
MERCER HUMAN RESOURCE CONSULTING4+ years
Service code 11 · EIN 13-2834414
Actuarial
$735,741
BAKER DONELSON4+ years
Service code 29 · EIN 62-1047356
Legal
$142,750
PRUDENTIAL4+ years
Service code 28 · EIN 22-2550816
Investment Management
$119,126
FEDEX OFFICE COMMERCIAL PRESS3 years
Service code 36 · EIN 22-3736227
Copying and duplicating; Direct payme...
$101,221
PRICEWATERHOUSECOOPERS LLP4+ years
Service code 16 · EIN 13-4008324
Consulting
$65,391
METLIFE1 year
Service code 23 · EIN 13-5581829
Insurance services
$0

Plan features & details

Pension benefit codes1A1C3F3H3J
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.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

1 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$29.7M
$222 / participant
  • Other / not subdivided$30M100.0%
% of EOY assets
0.128%
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