Florida Retirement System (FRS) vs FedEx Corporation Employees Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Florida Retirement System (FRS) and FedEx Corporation Employees Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: Florida Retirement System (FRS) grades B while FedEx Corporation Employees Pension Plan grades A. Funding ratios: 82% vs 101%.
FedEx Corporation Employees Pension Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
FedEx Corporation Employees Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Florida Retirement System (FRS) at 76/100 (B). Funding ratios differ by 19.1 percentage points (101.3% vs 82.2%). FedEx Corporation Employees Pension Plan covers 223,371 participants.
| Metric | Florida Retirement System (FRS) | FedEx Corporation Employees Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 76/100 (B) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.2% | 101.3%* |
| Total Assets | $190.0B | $26.6B |
| Total Liabilities | $231.1B | $26.2B* |
| Unfunded Liability | $41.1B | $0* |
| Participants | 1,065,000 | 223,371 |
| 1-Year Investment Return | 6.5%* | 6.3% |
| Plan Type | public | corporate |
| PBGC Risk Level | low | low |
| Sponsor | State of Florida | FedEx Corporation |
FedEx Corporation Employees Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Florida Retirement System (FRS) at 76/100 (B). Funding ratios differ by 19.1 percentage points (101.3% vs 82.2%). FedEx Corporation Employees Pension Plan covers 223,371 participants.