Fedex Corporation 401(k) Review & Grade
Fedex Corporation Retirement Savings Plan II
Memphis, TNTransportation & Warehousing156,028 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,896Employer $ per active participant
$2,922Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$3.5BNet plan assets, end of year
$12,503Average balance per account
Score breakdown
- Employer generosity35.6 / 5071th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 54th |
| Employee saving | 42th |
| Peers that auto-enroll | 30% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($101,025 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $74,192 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fedex put in about $2,896 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 | $451,866,582 |
| Participant (employee) contributions | $455,954,090 |
| Other contributions (incl. rollovers in) | $22,883,005 |
| Administrative expenses paid from the plan | $2,435,627 |
| Investment advisory & management fees | $570,917 |
| Other admin expenses | $1,078,835 |
| Benefits paid out | $380,482,945 |
| Net assets, start / end of year | $2.6B / $3.5B |
| Active participants, start / end of year | 94,890 / 217,166 |
| Participants with account balances | 281,166 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $2,475,110 reported compensation |
| Vanguard Advisers Inc. | $570,917 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014165555NAL0003337169001, received 2025-10-14, EIN 62-1721435, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.