PlanOptica
Retirement plan

FEDERAL EXPRESS CORPORATION PILOTS RETIREMENT SAVINGS PLAN

FEDERAL EXPRESS CORPORATIONEIN 71-0427007Plan #007PY 2023
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70 FEDEX PARKWAY, 2ND FLOOR VERTICAL - COLLIERVILLE, TN 38017901-291-3650LinkedIn1-10 employeespackage/freight delivery
Other plans on this EIN
2 filings
#008Retirement-$51.3M assets#004Retirement-$36.3M assets
Prospect flagsHigh assets / participant

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)
$4743.6M
-43.8% from 2016
Total participants
6,455
-9.3% from 2016
Average account balance
$746,194
-36.9% from 2016
Annual return
18.59%
-78.57 pp from 2016

Benchmarks

See 45 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants5,000-9,999
Cohort45 peers
Snapshot2023
Participant deferral / active EE
$23,834
median $4,609
Employer contribution / active EE
$24,252
median $1,514
Participation rate
98.3%
median 86.1%
Avg account balance
$746,194
median $51,538
Admin fee / account holder
$68
median $76
Annual return
18.59%
median 18.10%
Overall peer rank
81st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.31B
Average account balance
Total assets / participants with a balance (line 6g)
$852K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,230
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.8%
Contributions (total)
Employer and participant dollars contributed each year
$277.55M
Contributions per participant
Average employer and participant contribution per enrolled participant
$51K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.34%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$85
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
STRATEGIC ADVISORS, INC.5 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$418,836
FIDELITY INVESTMENTS INSTITUTIONAL5 years
Service code 37 · EIN 04-2647786
Loan Processing
$0

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 codes2E2G2J2K2R2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 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.
  • 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

1 tripped
  • InformationalHigh assets / participant

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

Expense breakdown

Schedule H Part II
Admin total
$430K
$74 / participant
  • Investment mgmt$419K97.3%
  • Contract admin$12K2.7%
% of EOY assets
0.009%
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