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: 217,166
- Total Assets: $3.5B
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 | 217,166 | $3.5B | $451.9M | $456.0M |
| 2023 | 94,890 | $2.6B | $332.2M | $333.1M |
| 2022 | 99,296 | $1.8B | $322.9M | $306.1M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | TRUSTEE | $2,475,110 | — | $2,475,110 |
| VANGUARD ADVISERS INC. | TRUSTEE | $570,917 | — | $570,917 |
| ERNST & YOUNG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — TRUSTEE
- VANGUARD ADVISERS 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: $3,046,027
- Estimated Expense Ratio: 0.087% 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 | $2,435,627 | $570,917 | — | — | — |
| 2023 | $1,548,575 | $470,593 | — | — | — |
| 2022 | $1,155,319 | $765,071 | — | — | — |