Retirement plan

FEDEX SCA EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN

Name: FEDEX CORPORATION - FEDEX SCA EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: FEDEX CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FEDEX SCA EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN, FEDEX CORPORATION

FEDEX CORPORATIONEIN 62-1721435Plan #003PY 2022

942 SOUTH SHADY GROVE ROAD - MEMPHIS, TN 38120901-291-3650

Other plans on this EIN

3 filings

#002Retirement-$25.50B assets #001Retirement-$21.03B assets #004Retirement-$1.76B assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2.8M

-11.6% from 2021

Total participants

314

+18.5% from 2021

Average account balance

$9,214

-25.6% from 2021

Annual return

-15.82%

-28.84 pp from 2021

Benchmarks

See 1,125 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,125 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.34M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$11K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

400

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3+ years Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930	Recordkeeping	$1,913

Plan features & details

Pension benefit codes2E2F2G2J2R2T3C3H

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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$11 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.067%

all-in expense ratio

Categories reported

0 / 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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,214

$63,471-85.5%

$68,808-86.6%

$66,938-86.2%

Participation rate

97.2%

60.0%+37.2pp

69.0%+28.2pp

69.8%+27.4pp

Annual return

-15.82%

-8.29%-7.5pp

-6.37%-9.5pp

1.58%-17.4pp

Employer contribution / active EE

$4,063

$1,776+128.8%

$2,656+53.0%

$2,545+59.6%

Participant deferral / active EE

$278

$2,946-90.6%

$3,942-93.0%

$4,238-93.4%

Admin fee / account holder

$578-98.9%

$4,936-99.9%

$594-99.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3+ years

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$1,913

FEDEX SCA EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FEDEX SCA EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion