FedEx Employees' Pension Plan

FedEx Employees' Pension Plan is a single-employer defined benefit corporate pension fund based in Memphis, Tennessee. Established in 1978, the plan covers substantially all the employees of FedEx Corporation and a few of its subsidiaries. The investment board has delegated responsibility for day-to-day administrative activities and vendor management to the retirement plans department of FedEx. State Street Bank and Trust Company is the Trustee of the pension plan. The overall responsibility for administering the plan resides with the retirement plan investment board, which is appointed by the compensation committee of the Board of Directors of FedEx.