401(k) · DOL Form 5500 · 2023

Fedex Corporation 401(k) Plan

Data updated 2026-08-25

$2.6B
Total assets Very large vs avg
99,296
Participants Very large workforce
99th
Percentile by assets National rank
$26,127
Avg per participant Low balance/head
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Official DOL plan name: Fedex Corporation Retirement Savings Plan II · Sponsored by Fedex Corporation · Tennessee · Transportation & Warehousing

$2.6B in assets, 99,296 participants

Fedex Corporation's Fedex Corporation Retirement Savings Plan II reported $2.6B in total assets and 99,296 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,329 in Transportation & Warehousing (3,362 peers)

Coverage in Tennessee

Fedex Corporation Retirement Savings Plan II covers 99,296 participants in Tennessee, 88x the typical Tennessee plan (state average ~1,126 per filing). Assets: $2.6B.

#3,329
in Transportation & Warehousing (3,362 peers)
+47.3%
assets growth YoY
26×
vs typical plan assets (national mean)

Fedex Corporation Retirement Savings Plan II's outsized position by total assets

Fedex Corporation Retirement Savings Plan II vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,594,257,262 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Fedex Corporation Retirement Savings Plan II's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Fedex Corporation Retirement Savings Plan II is a mega filing (99,296 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Fedex Corporation Retirement Savings Plan II reported participants rose from N/A in the plan year 2022 filing to 99,296 in the plan year 2023 filing.
  • Fedex Corporation Retirement Savings Plan II reported net income rose from $295M in the plan year 2022 filing to $833M in the plan year 2023 filing.
  • Fedex Corporation Retirement Savings Plan II end-of-year assets rose from $1.8B in the plan year 2022 filing to $2.6B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 621721435 · Fedex Corporation PY 2023 · 401(k)

Fedex Corporation Retirement Savings Plan II · $2.6B · 99,296 · 99th

  • EOY $2.6B
  • EOY 99,296
  • EOY 99th
  • EOY 401(k)
  • EOY near Samsung 401(k) Plan
  • EOY ind #3329

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Transportation & Warehousing retirement plans → · Plans in Tennessee →

Fedex Corporation Retirement Savings Plan II in the asset neighbourhood

Samsung 401(k) Plan$2.6BCenterpoint Energy Savings PlanCenterpoint Energy Savings P…$2.6BCanon Employee Savings and Retirement PlanCanon Employee Savings and R…$2.6BFedex Corporation Retirement Savings Plan IIFedex Corporation Retirement…$2.6BAlly Financial Inc. Retirement Savings PlanAlly Financial Inc. Retireme…$2.6B
End-of-year total assets ($B) among Fedex Corporation Retirement Savings Plan II and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$1.8B
Net Assets (End of Year)$2.6B
Net Income$833M
Employer EIN621721435
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fedex Corporation)

Sponsor-wide plan assets over time

All Fedex Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$55.8B 15.191575887166955% vs 2022
2024 filing year
$45B$50B$55B$60B 202220232024 $48.4B $55.8B ▲ +15.2%
Year Plans Participants Total Assets
2022 4 340,732 $48.4B
2023 4 365,516 $53.1B
2024 4 334,093 $55.8B

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Fedex Corporation Retirement Savings Plan II vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 0510152025 Total assets ($B) Participants Fedex Corporation Retirement Savings Plan II, Total assets ($B): 2.594257262 · Participants: 99296Fedex Corporation Retirement Savings Plan IIFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Fedex Corporation Retirement Savings Plan II vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Fedex Corporation Retirement Savings Plan II side-by-side with 3 peers →

Scale composition for Fedex Corporation Retirement Savings Plan II

Fedex Corporation Retirement Savings Plan II reports $2.6B in end-of-year assets across 99,296 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.11% of 93,925,755 covered participants) - about $26,127 per participant (19% of the national average assets-per-participant) . Net income for plan year 2023 was $833M.

This plan identity (EIN 621721435, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $3.5B (+99.6%) while covered participants moved from N/A to 94,890 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 N/A $1.8B Open filing
2023 99,296 $2.6B This page
2024 · index core 94,890 $3.5B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Fedex Corporation Retirement Savings Plan II's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Samsung 401(k) Plan in NJ ($2.6B); by covered participants it is Northrop Grumman Savings Plan in VA (97,987 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (99,296 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Fedex Corporation Retirement Savings Plan II assets move in 2023? ▼
Fedex Corporation Retirement Savings Plan II surged - up 47.3% during 2023, from $1.8B to $2.6B. Reported net income was $833M.
How have Fedex Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fedex Corporation's sponsor-wide assets grew 15.2%, from $48.4B to $55.8B.
Where does Fedex Corporation Retirement Savings Plan II rank by assets among Form 5500 filers? ▼
Fedex Corporation Retirement Savings Plan II ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Fedex Corporation Retirement Savings Plan II? ▼
Among 401(k) plans in other states, the closest by assets is Samsung 401(k) Plan in NJ ($2.6B, 13,555 participants).
Which 401(k) plans cover a similar participant headcount to Fedex Corporation Retirement Savings Plan II? ▼
Among 401(k) plans in other states, the closest by covered participants is Northrop Grumman Savings Plan in VA (97,987 participants, $36.2B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 621721435.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.