Retirement plan
FEDEX CORPORATION RETIREMENT SAVINGS PLAN FOR PUERTO RICO
FEDERAL EXPRESS CORPORATIONEIN 71-0427007Plan #008PY 2016
3630 HACKS CROSS ROAD, BUILDING C, 3RD FLOOR - MEMPHIS, TN 381258800901-434-7013LinkedIn1-10 employeespackage/freight delivery
Other plans on this EIN
3 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
HUGH A. SKINNER
Signed 10/16/2017
Summary metrics
Total assets (EOY)
$33.6M
-12.2% from 2016
Total participants
636
-0.3% from 2016
Average account balance
$57,732
-12.3% from 2016
Annual return
8.94%
-8.72 pp from 2016
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants250-999
Cohort634 peers
Snapshot2016
59
Participant deferral / active EE
$2,212
median $1,630
60
Employer contribution / active EE
$1,025
median $598
76
Participation rate
90.6%
median 61.6%
80
Avg account balance
$57,732
median $30,004
93
Admin fee / account holder
$3
median $48
70
Annual return
8.94%
median 7.34%
Overall peer rank
73of 100
73rd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$55.52M
Average account balance
Total assets / participants with a balance (line 6g)
$91K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
608
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
94.5%
Contributions (total)
Employer and participant dollars contributed each year
$2.85M
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
+12.04%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$3
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
| Provider | Service type | Compensation |
|---|---|---|
VANGUARD GROUP, INC.2+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $8,125 |
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.
Plan features & details
Pension benefit codes2E2F2G2T3C3H
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.
- 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.
- 3CPlan not intended to be qualifiedA plan not intended to be qualified under Code sections 401 403 or 408.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$2K
$3 / participant
- Contract admin$2K100.0%
% of EOY assets
0.005%
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