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Retirement plan

FEDEX CORPORATION RETIREMENT SAVINGS PLAN FOR PUERTO RICO

FEDERAL EXPRESS CORPORATIONEIN 71-0427007Plan #008PY 2020
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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-$4.19B assets#004Retirement-$59.8M assets
Prospect flagsFailed to transmit contributions

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 10/05/2021
How to read this page

Summary metrics

Total assets (EOY)
$47.8M
-12.2% from 2016
Total participants
611
-0.3% from 2016
Average account balance
$83,760
-12.3% from 2016
Annual return
13.90%
-8.72 pp from 2016

Benchmarks

See 659 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants250-999
Cohort659 peers
Snapshot2020
Participant deferral / active EE
$3,445
median $2,128
Employer contribution / active EE
$1,250
median $731
Participation rate
92.6%
median 67.8%
Avg account balance
$83,760
median $37,885
Admin fee / account holder
$27
median $110
Annual return
13.90%
median 15.06%
Overall peer rank
68th 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.6+ years
Service code 15 · EIN 23-1945930
Recordkeeping
$17,266

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 codes2E2F2G2J2K2T3C3H
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.
  • 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.
  • 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
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II
Admin total
$15K
$28 / participant
  • Investment mgmt$13K85.1%
  • Contract admin$1K7.8%
  • Other / not subdivided$1K7.1%
% of EOY assets
0.032%
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