Plumbers & Pipefitters National Pension Fund vs FedEx Corporation Employees Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Plumbers & Pipefitters National Pension Fund and FedEx Corporation Employees Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: Plumbers & Pipefitters National Pension Fund grades C while FedEx Corporation Employees Pension Plan grades A. Funding ratios: 64% 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 Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 37.2 percentage points (101.3% vs 64.1%). FedEx Corporation Employees Pension Plan covers 223,371 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | FedEx Corporation Employees Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1% | 101.3%* |
| Total Assets | $21.0B | $26.6B |
| Total Liabilities | $32.8B | $26.2B* |
| Unfunded Liability | $11.8B | $0* |
| Participants | 430,000 | 223,371 |
| 1-Year Investment Return | 5.5% | 6.3%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | high | low |
| Sponsor | United Association (UA) | FedEx Corporation |
FedEx Corporation Employees Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 37.2 percentage points (101.3% vs 64.1%). FedEx Corporation Employees Pension Plan covers 223,371 participants.