2024-11-15T09:10:13-06:00 2023-12-31 PwC US Tax LLP 1075 Peachtree Street Suite 2600 Atlanta GA 30309 990 2023-01-01 208247963 FEDERAL EXPRESS CORPORATION WELFARE BENEFIT TRUST FOR RETIRED PILOTS % FEDERAL EXPRESS CORP FEDE 9012913650 70 FEDEX PARKWAY Suite 2ND FLR COLLIERVILLE TN 38017 DIANE HICKS TRUST OFFICER 9012913650 2024-11-12 true true ROBERT PURSER P01976682 6784191000 2023 2024-10-15 13:58:12Z DIANE HICKS 717 17th STREET DENVER CO 80202 107481 false X N/A X 1978 MA THIS FEDERAL EXPRESS CORPORATION TRUST PROVIDES A HEALTH REIMBURSEMENT PROGRAM FOR RETIRED PILOTS FOR THEIR ELIGIBLE MEDICAL EXPENSES 0 0 0 0 0 0 0 0 0 0 84902 106839 0 642 84902 107481 0 0 1259968 1021202 20692 51409 0 0 0 0 0 1280660 1072611 -1195758 -965130 9531483 8589508 0 23155 9531483 8566353 THIS FEDERAL EXPRESS CORPORATION TRUST PROVIDES A HEALTH REIMBURSEMENT PROGRAM FOR RETIRED PILOTS FOR THEIR ELIGIBLE MEDICAL EXPENSES. false false 1021202 0 0 EXPENSES RELATED TO THE ACCOMPLISHMENT OF THE TRUST'S PRIMARY EXEMPT PURPOSE. 1021202 false false false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 true 0 false false false false false false false false X 0 0 false true false false false false false false false true false true false false false false false false X FEDERAL EXPRESS CORP 9012913650 70 FEDEX PKWY 2ND FL VERT COLLIERVILLE TN 38017 X MATRIX TRUST INSTITUTIONAL TRUSTEE 0.0 0.0 X 51409 0 0 51409 0 0 0 false false false 0 0 0 106839 0 106839 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 642 642 642 107481 0 107481 X 0 0 0 1021202 1021202 51409 0 51409 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1072611 1021202 51409 0 9531483 1778 0 1478709 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7109021 0 0 0 0 0 0 9531483 8589508 0 23155 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23155 X 9531483 8566353 0 0 9531483 8566353 9531483 8589508 -965130 X false true X true false X LINCOLN FINANCIAL GIC 7109021 F 7109021 0 0 X 107481 107481 107481 1072611 1072611 1072611 TEXT OF FIN48 (ASC 740) FOOTNOTE FORM 990, SCHEDULE D, PART X, LINE 2 ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. PLAN MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE PLAN IS SUBJECT TO ROUTINE AUDITS TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PART VI, SECTION A, LINE 1A TOTAL NUMBER OF OFFICERS, DIRECTORS, AND TRUSTEES PERMITTED TO VOTE THE TRUST OPERATES FOR THE EXCLUSIVE PURPOSE OF PROVIDING A HEALTH REIMBURSEMENT PROGRAM FOR RETIRED PILOTS OF FEDERAL EXPRESS CORPORATION, THE PLAN SPONSOR. THE TRUST DOES NOT OPERATE INDEPENDENTLY WITH RESPECT TO CONDUCTING BUSINESS AND, AS SUCH, DOES NOT HOLD BOARD MEETINGS. ALL ADMINISTRATIVE ACTIVITIES INVOLVED WITH RESPECT TO THE TRUST ARE HANDLED BY THE TRUSTEE, THE PLAN MANAGER AND THE FEDEX CORPORATION RETIREMENT PLAN INVESTMENT BOARD. ---------------------------- FORM 990, PART VI, SECTION A, LINE 3 DELEGATION OF DUTIES MATRIX TRUST SERVES AS TRUSTEE FOR THE TRUST AND IS RESPONSIBLE FOR PROVIDING ALL DAY TO DAY TRUST ADMINISTRATION SERVICES REQUIRED FOR THE PROPER ADMINISTRATION OF THE TRUST. ----------------------------- FORM 990, PART VI, SECTION A, LINE 9 MAILING ADDRESS FOR THE TRUSTEE THE TRUSTEE CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS. MATRIX'S MAILING ADDRESS IS: MATRIX TRUST 717 17TH STREET, SUITE 1300 DENVER, CO 80202 ------------------------------ FORM 990, PART VI, SECTION B, LINE 11A REVIEW OF THE FORM 990 PwC US TAX LLP UTILIZES THE DATA REPORTED IN THE FINANCIAL STATEMENTS TO PREPARE THE FORM 990. THE COMPLETED FORM 990 IS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO THE FILING DUE DATE. THE TRUSTEE REVIEWS THE DATA AGAINST SOURCE DOCUMENTS FOR ACCURACY BEFORE THE FORM 990 IS SIGNED AND SUBMITTED TO THE IRS. --------------------------------- FORM 990, PART VI, SECTION B, LINES 12-15 GOVERNANCE AND POLICIES THE TRUST IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION PURSUANT TO IRC SECTION 501(C)(9). ITS TRUSTEE HAS A FIDUCIARY DUTY TO MANAGE INVESTMENTS IN THE BEST INTEREST OF THE BENEFICIARIES AND OPERATE PURSUANT TO A STRINGENT CODE OF CONDUCT. SINCE THE TRUST DOES NOT MAINTAIN EMPLOYEES, THERE ARE NO PROCESSES IN PLACE RELATED TO EMPLOYEE COMPENSATION. ----------------------------------- FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ETC. - AVAILABILITY TO THE PUBLIC GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE UPON REQUEST. ------------------------------------ FORM 990, PART VII, SECTION A, LINE 1A COMPENSATION INFORMATION MATRIX TRUST RECEIVED ADDITIONAL INDIRECT COMPENSATION FOR ITS SERVICES AS TRUSTEE. MATRIX TRUST HAS PROVIDED ALL THE REQUIRED DISCLOSURES PURSUANT TO ERISA SECTION 408(B)(2). ------------------------------------ FORM 990, PART VII, SECTION A, LINE 1, COLUMN B AVERAGE HOURS PER WEEK DEVOTED TO POSITION AS TRUSTEE, MATRIX TRUST PROVIDES VARIOUS ADMINISTRATIVE SERVICES TO THE TRUST, SUCH AS ADMINISTERING THIS BENEFIT PLAN. THESE SERVICES REQUIRE THE INVOLVEMENT OF NUMEROUS INDIVIDUAL EMPLOYEES IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT BE QUANTIFIED ON AN HOURLY BASIS, BUT INSTEAD ARE IN ACCORDANCE WITH THE TRUST AGREEMENTS WITH FEDERAL EXPRESS CORPORATION. --------------------------------------- FEDERAL EXPRESS CORPORATION 3630 HACKS CROSS ROAD BKDG C 3RD F MEMPHIS TN 38125 710427007 AIR TRANSPORT TN NA C CORP false false false false false false false false false false false false false false true true false false false false