PlanOptica
Retirement plan

FEDEX CORPORATION RETIREMENT SAVINGS PLAN FOR PUERTO RICO

FEDERAL EXPRESS CORPORATIONEIN 71-0427007Plan #008PY 2017
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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
2 filings
#007Retirement-$3.27B assets#004Retirement-$64.8M assets
Prospect flagsCorrective distributions

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 10/15/2018
How to read this page

Summary metrics

Total assets (EOY)
$39.9M
-12.2% from 2016
Total participants
626
-0.3% from 2016
Average account balance
$69,212
-12.3% from 2016
Annual return
19.45%
-8.72 pp from 2016

Benchmarks

See 639 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants250-999
Cohort639 peers
Snapshot2017
Participant deferral / active EE
$2,440
median $1,741
Employer contribution / active EE
$1,037
median $609
Participation rate
91.3%
median 61.6%
Avg account balance
$69,212
median $33,232
Admin fee / account holder
$7
median $67
Annual return
19.45%
median 16.28%
Overall peer rank
75th 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
ProviderService typeCompensation
VANGUARD GROUP, INC.3+ years
Service code 15 · EIN 23-1945930
Recordkeeping
$8,685

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 codes2E2F2G2T3C3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing 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.
  • 3C
    Plan not intended to be qualified
    A plan not intended to be qualified under Code sections 401 403 or 408.
  • 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
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$4K
$7 / participant
  • Investment mgmt$1K27.7%
  • Contract admin$2K37.6%
  • Other / not subdivided$1K34.7%
% of EOY assets
0.010%
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