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Retirement plan

FEDERAL EXPRESS CORPORATION PILOTS MONEY PURCHASE PENSION PLAN

FEDERAL EXPRESS CORPORATIONEIN 71-0427007Plan #006PY 2016
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3630 HACKS CROSS ROAD, BUILDING C, 3RD FLOOR - MEMPHIS, TN 381258800901-434-7013LinkedIn1-10 employeespackage/freight delivery
Other plans on this EIN
3 filings
#007Retirement-$2.78B assets#004Retirement-$62.5M assets#008Retirement-$33.6M assets
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(901) 434-7013
Plan administrator signer
HUGH A. SKINNER
Signed 10/16/2017
Plan administrator entity
FEDERAL EXPRESS CORPORATION
EIN 710427007
3630 HACKS CROSS ROAD · MEMPHIS, TN 381258800
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Summary metrics

Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-103.24%
+102.92 pp from 2016

Benchmarks

See 6,057 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants<25
Cohort6,057 peers
Snapshot2016
Participant deferral / active EE
$0
median $2,750
Employer contribution / active EE
$0
median $1,483
Participation rate
0.0%
median 88.2%
Avg account balance
$0
median $43,127
Admin fee / account holder
$0
median $414
Annual return
-103.24%
median 6.22%
Overall peer rank
0th percentileavg across 6 metrics

Analytics

Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Top 1 by compensation
ProviderService typeCompensation
THE VANGUARD GROUP, INC.1 year
Service code 26 · EIN 23-1945930
Advisory (Participants)
$6,592

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 codes2C2F2G2T3H
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit 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.
  • 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.
  • 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

3 tripped
  • OpportunityLow returns

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

  • 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$8K
  • Investment mgmt$7K85.7%
  • Other / not subdivided$1K14.3%
% of EOY assets
-
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