FedEx Corp., Memphis, Tenn., said it expects to contribute $580 million to its U.S. pension plans in 2015, according to its 2014 annual report released Monday.
The company contributed $727 million to its worldwide defined benefit plans in 2014 — $645 million of which went to its U.S. plans.
As of May 31 — its fiscal year end — FedEx had $21.9 billion in total worldwide pension assets, with a funded status of 89.1%, up from 85.9% a year earlier.
The discount rate used to determine benefit obligations was 4.6%, down from 4.79% in 2013.
The asset allocation for its worldwide plans as of May 31 was 50.4% fixed income; 47.1% equities; 1.3% private equity and 1.2% cash and other.