FedEx Corp., Memphis, Tenn., expects to contribute about $500 million to its U.S. pension plans in fiscal 2012, according to its 10-K report filed Tuesday.
The company contributed $480 million to the plans in fiscal year 2011, which ended May 31. It reported $15.8 billion in worldwide defined benefit plan assets as of May 31, with a projected benefit obligation of $17.4 billion, for a funding ratio of 91%.
The allocation for the firm's worldwide pension plans as of May 31 was U.S. large-cap equities, 27%; corporate fixed income, 24%; U.S. government fixed income, 20%; international equities, 13%; U.S. smidcap equity, 10%; private equity and cash, each 3%.
Spokesman Jess Bunn did not respond to questions by press time.