No conspiracy theories, half truths or lies. Just the FACTS.

FACT: “The historical annual return on our U.S. Pension Plan assets, calculated on a compound geometric basis, was 5.70%, net of all fees and expenses, for the 15-year period ended May 31, 2023.”

FACT: “2023: Net of all fees and expenses, the actual rate of return on our U.S. Pension Plan assets was -2.70%, which was lower than our expected rate of return of 6.50%.”

FACT: “2022: Net of all fees and expenses, the actual rate of return on our U.S. Pension Plan assets was -10.8%, which was lower than our expected rate of return of 6.50%.”

Source; FedEx 2023 10-K report pages 100 & 102.
https://s21.q4cdn.com/665674268/file...-FY23-10-K.pdf

The modeler uses 6.5%. We were told the company thinks they can achieve 7%. But they’ve not been able to do that over at least the past 15 years.

Do you want FedEx to be the fiduciary of your retirement investment? Are 11% contributions enough given this news?

MBCBP = Defined Funding with Variable Results.