FedEx Corporation

Memphis, TN Transportation & logisticsNAICS 481000

Self-funded health planPlan year 2025Renews January
22,589Participants+4% vs. prior year
$53.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 15Transportation & logistics in TNBy participants

Overview

FedEx Corporation sponsors a self-funded health plan that covered 22,589 participants in plan year 2025, up 4% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
22,589 · prior year 21,725
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
FedEx Corporation Retiree Health Reimbursement Arrangement, plan 528 (22,589 participants); FedEx Corporation Retiree Group Health Plan, plan 519 (259 participants)
Broker compensation
$956K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyMedical, Life194,185$119.0M$684K
Kaiser Foundation Health Plans Inc.Medical, HMO9,263$93.0M—
Hawaii Medical Service AssociationMedical, HMO, PPO, Dental1,158$9.3M—
Curlalinc HealthcareMedical425,004$5.6M—
MetLife Legal PlansLegal31,381$5.2M$265K
Cigna Health and Life Insurance CompanyDental, HMO10,836$4.1M—
Triple-S Salud, Inc.Medical, Prescription drug, PPO461$3.8M—
Hartford Fire Insurance CompanyBusiness Travel Accident565,940$300K$7K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$53.6M/ year

Estimated prescription spend: 22,589 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.4M–$3.4M/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$407K–$1.0M
Lower-cost therapeutic alternatives$594K–$1.2M
Generic pricing vs. actual cost$257K–$771K
PBM contract terms$134K–$402K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
FedEx Corporation
Sponsor EIN
62-1721435
Plan numbers
528, 519
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-1721435 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
FedEx Corporation Retirement Savings Plan II
Type
401(k) plan
Participants
335,172

About this data

Source: FedEx Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with FedEx Corporation.

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