Federal Express Corporation 401(k) Review & Grade
Federal Express Corporation Pilots Retirement Savings Plan
Collierville, TNTransportation & Warehousing5,620 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$24,981Employer $ per active participant
$24,400Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$5.3BNet plan assets, end of year
$851,835Average balance per account
Score breakdown
- Employer generosity49.2 / 5098th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 97th |
| Employee saving | 99th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $37,013 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Federal Express put in about $24,981 per active participant, more than the typical peer ($1,834). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $140,407,755 |
| Participant (employee) contributions | $137,139,737 |
| Other contributions (incl. rollovers in) | $11,090,102 |
| Administrative expenses paid from the plan | $526,612 |
| Contract administrator fees | $9,900 |
| Investment advisory & management fees | $507,620 |
| Benefits paid out | $394,533,838 |
| Net assets, start / end of year | $4.7B / $5.3B |
| Active participants, start / end of year | 5,830 / 5,411 |
| Participants with account balances | 6,230 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young, LLP |
| Employer stock held by plan | $3,909,777 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $507,620 reported compensation |
| Fidelity Investments Institutional | $86,881 reported compensation |
| Alight Solutions LLC | $9,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014155850NAL0001653379001, received 2025-10-14, EIN 71-0427007, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.