PlanOptica
Retirement plan

FEDEX SCA 401(K) RETIREMENT SAVINGS PLAN

FEDEX CORPORATIONEIN 62-1721435Plan #003PY 2023
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942 SOUTH SHADY GROVE ROAD - MEMPHIS, TN 38120901-291-3650
Other plans on this EIN
3 filings
#002Retirement-$25.61B assets#001Retirement-$23.88B assets#004Retirement-$2.59B assets
Prospect flagsLow assets / participantLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(901) 291-3650
Plan administrator signer
CHRISTOPHER E. BRUCKS
Signed 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$3.8M
-16.2% from 2021
Total participants
344
+2.6% from 2021
Average account balance
$11,152
-19.3% from 2021
Annual return
18.07%
-0.24 pp from 2021

Benchmarks

See 1,232 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants100-249
Cohort1,232 peers
Snapshot2023
Participant deferral / active EE
$401
median $2,311
Employer contribution / active EE
$4,200
median $960
Participation rate
96.2%
median 59.9%
Avg account balance
$11,152
median $36,306
Admin fee / account holder
$7
median $312
Annual return
18.07%
median 17.19%
Overall peer rank
58th percentileavg across 6 metrics

Analytics

2020 - 2024
Total assets (EOY)
Plan-year ending balance
$4.34M
Average account balance
Total assets / participants with a balance (line 6g)
$11K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
400
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
96.6%
Contributions (total)
Employer and participant dollars contributed each year
$1.03M
Contributions per participant
Average employer and participant contribution per enrolled participant
$5K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.28%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$8
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
VANGUARD GROUP, INC.4+ years
Service code 15 · EIN 23-1945930
Recordkeeping
$2,346

Plan features & details

Pension benefit codes2E2F2G2J2R2T3C3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3C
    Plan not intended to be qualified
    A plan not intended to be qualified under Code sections 401 403 or 408.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$2K
$13 / participant
  • Recordkeeping$2K95.7%
  • Other / not subdivided$1004.3%
% of EOY assets
0.062%
all-in expense ratio
Categories reported
1 / 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