PlanOptica
Retirement plan

THE FLYING TIGER LINE VARIABLE ANNUITY PENSION PLAN FOR PILOTS

FEDERAL EXPRESS CORPORATIONEIN 71-0427007Plan #004PY 2021
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3630 HACKS CROSS ROAD - MEMPHIS, TN 381258800901-434-7013LinkedIn1-10 employeespackage/freight delivery
Other plans on this EIN
2 filings
#007Retirement-$4.75B assets#008Retirement-$56.6M assets
Prospect flagsHigh retiree %Low returnsHigh feesLow participationHigh assets / participantWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(901) 434-7013
Plan administrator signer
CHRISTOPHER E. BRUCKS
Signed 10/14/2022
How to read this page

Summary metrics

Total assets (EOY)
$55.2M
+6.9% from 2016
Total participants
414
+4.5% from 2016
Average account balance
$4,601,213
-8.1% from 2016
Annual return
3.43%
-11.66 pp from 2016

Benchmarks

See 7,535 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants<25
Cohort7,535 peers
Snapshot2021
Participant deferral / active EE
$0
median $3,199
Employer contribution / active EE
$0
median $1,542
Participation rate
0.0%
median 87.5%
Avg account balance
$4,601,213
median $46,732
Admin fee / account holder
$2,999
median $429
Annual return
3.43%
median 13.27%
Overall peer rank
31st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$33.18M
Average account balance
Total assets / participants with a balance (line 6g)
$4.1M
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
361
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
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.13%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$11795
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
ProviderService typeCompensation
MERCER HUMAN RESOURCE CONSULTING1 year
Service code 11 · EIN 13-2834414
Actuarial
$21,060
STATE STREET BANK & TRUST7+ years
Service code 21 · EIN 04-3400339
Bank Trustee
$11,502

Top hat statement on fileNQDC

Filed June 18, 1996 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2C3H
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit plan.
  • 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

6 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow returns

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

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$36K
$11996 / participant
  • Other / not subdivided$36K100.0%
% of EOY assets
0.065%
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