Retirement plan
FEDEX CORPORATION RETIREMENT SAVINGS PLAN II
FEDEX CORPORATIONEIN 62-1721435Plan #004PY 2024
942 SOUTH SHADY GROVE ROAD - MEMPHIS, TN 38120901-291-3650
Other plans on this EIN
3 filingsProspect flagsLow assets / participantFailed to transmit contributionsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CHRISTOPHER E. BRUCKS
Signed 10/14/2025
Summary metrics
Total assets (EOY)
$3515.5M
-32.1% from 2023
Total participants
290,909
-5.0% from 2023
Average account balance
$12,503
-28.1% from 2023
Annual return
15.18%
-22.20 pp from 2023
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants>=10,000
Cohort51 peers
Snapshot2024
30
Participant deferral / active EE
$2,100
median $3,803
60
Employer contribution / active EE
$2,081
median $1,389
76
Participation rate
95.5%
median 64.2%
0
Avg account balance
$12,503
median $77,360
94
Admin fee / account holder
$9
median $72
54
Annual return
15.18%
median 14.54%
Overall peer rank
52of 100
52nd percentileavg across 6 metrics
Analytics
2022 - 2024
Total assets (EOY)
Plan-year ending balance
$3.52B
Average account balance
Total assets / participants with a balance (line 6g)
$13K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
281,166
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.5%
Contributions (total)
Employer and participant dollars contributed each year
$907.82M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.18%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$9
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.3+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $2,475,110 |
VANGUARD ADVISERS INC.3+ years Service code 26 · EIN 23-2811930 | Advisory (Participants) | $570,917 |
Plan features & details
Pension benefit codes2E2F2G2J2K2R2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$2.4M
$11 / participant
- Recordkeeping$786K32.3%
- Investment mgmt$571K23.4%
- Other / not subdivided$1M44.3%
% of EOY assets
0.069%
all-in expense ratio
Categories reported
2 / 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