Fedex Corporation
Updated Filing received by DOL
Fedex Corporation, a transportation — truck & rail employer in Memphis, Tennessee, reported 523,795 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $3.4M in insurance premiums across 25 contracts and $1.1M in broker commissions and fees, 0.0% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 14, 2025, within the extension window.
Who was paid on Fedex Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Fedex Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Sammons Company, L.P. · Memphis, TN | $554,467 | $0 | $554,467 | 1 |
| American Benefits and Compensation · New York, NY | $0 | $517,788 | $517,788 | 6 |
| American Benefits & Comp Systems · New York, NY | $0 | $7,489 | $7,489 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
The 24 largest of 25 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Fedex Corporation compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Premium per covered person on medical contracts: $7,271 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 559,967 | 523,795 | −6.5% |
| Premiums filed | $0 | $3,388,203 | — |
| Broker commissions + fees | $1,204,371 | $1,079,744 | −10.3% |
| Commission rate | — | 0.0% | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Fedex Corporation Voluntary Insurance Plan#527 · insurance | December 31, 2024 | October 14, 2025 | within extension | 523,795 |
| Fedex Corporation Employee Assistance Program#505 · insurance, general assets | December 31, 2024 | October 14, 2025 | within extension | 393,399 |
| Fedex Corporation Group Health Plan#501 · insurance, general assets | December 31, 2024 | October 14, 2025 | within extension | 225,212 |
| Fedex Corporation Retiree Group Health Plan#519 · general assets | December 31, 2024 | October 14, 2025 | within extension | 2,547 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Fedex Corporation pay in health insurance broker commissions in 2024?
Fedex Corporation's 2024 Form 5500 reports $1,079,744 in broker commissions and fees across 25 insurance contracts ($554,467 in commissions, $525,277 in fees), with Sammons Company, L.P. receiving the largest share.
Is Fedex Corporation's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Triple-S Salud, Inc., Metropolitan Life Insurance Company, Curlalinc Healthcare.
How does Fedex Corporation's broker compensation compare with similar employers?
Fedex Corporation paid 0.0% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in Tennessee is 3.9%. Percentages are computed only on fully insured medical contracts with filed premiums.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.