Plan Snapshot
- Plan Sponsor: Fedex Corporation
- Sponsor EIN: 621721435
- Sponsor Address: 942 SOUTH SHADY GROVE ROAD, MEMPHIS, TN, 38120
- Plan Type: 401(k)
- Total Participants: 102,265
- Total Assets: $25.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 102,265 | $25.4B | $262.0M | $823.9M |
| 2023 | 113,079 | $23.9B | $271.5M | $841.7M |
| 2022 | 127,010 | $21.0B | $295.4M | $890.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | TRUSTEE | $5,796,192 | — | $5,796,192 |
| THE VANGUARD GROUP, INC. | TRUSTEE | $2,378,306 | — | $2,378,306 |
| ERNST & YOUNG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — TRUSTEE
- THE VANGUARD GROUP, INC. — TRUSTEE
- ERNST & YOUNG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,174,498
- Estimated Expense Ratio: 0.032% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $7,707,697 | $5,796,192 | — | — | — |
| 2023 | $6,632,452 | $4,916,860 | — | — | — |
| 2022 | $10,603,283 | $8,992,661 | — | — | $1,209 |