Fedex Corporation 401(k) Review & Grade
Fedex Corporation Retirement Savings Plan
Memphis, TNTransportation & Warehousing107,672 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,433Employer $ per active participant
$7,652Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$25.4BNet plan assets, end of year
$180,593Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 83th |
| Employee saving | 89th |
| Peers that auto-enroll | 30% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($37,104 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $9,015 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fedex put in about $2,433 per active participant, more than the typical peer ($1,415). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $261,966,075 |
| Participant (employee) contributions | $823,886,459 |
| Other contributions (incl. rollovers in) | $5,935,632 |
| Administrative expenses paid from the plan | $7,707,697 |
| Investment advisory & management fees | $5,796,192 |
| Other admin expenses | $36,232 |
| Benefits paid out | $2,470,465,027 |
| Net assets, start / end of year | $23.9B / $25.4B |
| Active participants, start / end of year | 113,079 / 102,265 |
| Participants with account balances | 140,526 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young, LLP |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $5,796,192 reported compensation |
| The Vanguard Group, Inc. | $2,378,306 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014165436NAL0006873746001, received 2025-10-14, EIN 62-1721435, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.