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On January 1, 2022, FedEx will introduce a 401(k) plan called the FedEx Corporation Retirement Savings Plan II (RSP II). You will participate in this new plan because you either: Were hired, rehired or transferred from a company that didn’t offer a pension plan after 2019.
Eligible U.S.-based employees newly hired or rehired after December 31, 2019 and prior to January 1, 2022 will participate in the existing 401(k) plan, with a maximum 3.5% Company match once plan eligibility requirements have been met.
Effective January 1, 2022, the FedEx Office 401(k) Plan’s Company match will increase to a maximum of 8%, applicable for all U.S.-based eligible employees. You will be eligible to receive the full Company match of 8% by contributing at least 6% of your eligible earnings to the plan.
Did You Know There’s A Silent Partner In Your Retirement Plan? The moment you started saving for your retirement with an IRA, 401k, or other tax-deferred accounts, you entered into a silent partnership with the United States Government.
What 401K Plan benefit do FedEx employees get? FedEx 401K Plan, reported anonymously by FedEx employees.
Highlights of the FedEx Retirement Plans Your FedEx 401(k) Plan Employees: Have a convenient way to accumulate savings for retirement. Can contribute from 1% to 50% of eligible earnings on a Pre-tax basis through payroll deductions. Can contribute After-tax or through qualified rollovers. Additionally, those who are age 50 or older can make ...
Career postal employees may contribute to the Thrift Savings Plan (TSP), which is similar to 401 (k) retirement savings plans offered by private sector employers. Employees contribute to TSP on a tax-deferred basis and may receive automatic and matching contributions (up to 5 percent of pay) from the Postal Service. Social Security & Medicare.
