FedEx to Resume 401(k) Matches

Citing modest improvement in the economy and shipping volumes, Federal Express will resume its matches to employees’ 401(k) plans and resume merit pay increases up to 2%, starting Jan. 1.

However, the 401(k) match will only be half of what it was before the suspension was made last December, and higher-level executives will still be subject to the 5% pay cuts that went into effect a year ago. FedEx suspended 401(k) matches and pay raises to save $800 million a year.