Plan Ledger DOL Form 5500 · updated monthly

FedEx Corporation401(k)

FEDEX CORPORATION RETIREMENT SAVINGS PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.03%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

FedEx Corporation reported $7,707,697 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $2,562 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1st-largest of 1,496 plans among Tennessee employers on file, and the 1st of 2,677 in transportation & warehousing. In 2024, employees put in $3.15 for every $1.00 the employer contributed; active participation has shrunk from 127,010 to 102,265 since 2022.

Plan summary
Net assets, end of year$25,378,065,969
Participants with balances140,526
Active participants102,265
Employer contributions$261,966,075
Employee contributions$823,886,459
Employer contribution per active participant$2,562
Average account balance$180,593
Benefits paid to participants$2,470,465,027
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.4B · 140,526 accts · $262.0M emplr
2023$23.9B · 173,697 accts · $271.5M emplr
2022$21.0B · 189,237 accts · $295.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$862,448
Investment management$5,796,192
Total administrative$7,707,697
The FedEx Corporation 401(k) match · 2024
Employer contribution per active participant$2,562
Median for plans this size$5,259
2024$2,562 per active participant
2023$2,401 per active participant
2022$2,326 per active participant

FedEx Corporation's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Securities brokerage$2,378,306
VANGUARD ADVISERS INC. · Investment advisory (participants)$5,796,192

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$7,707,697 · 0.03%
2023$6,632,452 · 0.03%
2022$10,603,283 · 0.04%
All plans at this employer3
FEDEX CORPORATION RETIREMENT SAVINGS PLAN401(k)
FEDEX SCA EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN401(k)
FEDEX CORPORATION RETIREMENT SAVINGS PLAN II401(k)
Same employer
Similar plansTransportation & Warehousing · Tennessee
Delta Air Lines, Inc. GA$19.0B · 0.07%
Southwest Airlines Company TX$18.9B · 0.02%
United Airlines, Inc. IL$16.8B · 0.18%
Averitt Express, Inc. TN$775.2M · 0.13%
Geodis Logistics, LLC TN$341.3M · 0.31%
Transcore, LP TN$230.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621721435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.