Meet your savings and retirement goals by maximizing contributions to your retirement savings plan in 2024.
Get StartedThe Contribution Maximizer Tool is designed to help you save as much as possible this year in the FedEx PRSP 401(k) Plan without missing out on employer contributions.
The Tool allows you to model different contribution scenarios with your expected pay for the remainder of the year – allowing you to find the right contribution strategy for your situation.
Get StartedThis website (the "website") is provided by FWS LLC and contains general information to help you decide how much to contribute to the Federal Express Corporation Pilots’ Retirement Savings Plan (the "PRSP"). By using this website, you consent to electronic receipt, and have read and agree to be bound by the terms of use herein.
Your benefits are subject to the terms and conditions of FedEx's official PRSP plan document in effect. In the event there is a conflict between the information you read on this website and the official PRSP plan document, including any estimated calculations, the PRSP plan document will control. FedEx reserves the right to amend, modify, suspend or terminate the PRSP at any time as provided in the PRSP plan documents, including compliance with applicable laws or regulations and collective bargaining agreement.
The website contains general information to help you decide how much to contribute to the PRSP in the form of a Contribution Maximizer Tool (the "Tool"). The Tool's calculations are based on information entered by you, the user, as well as various assumptions, such as contribution limits. Review the Assumptions & Additional Information page for a description of important assumptions reflected in the Tool's calculation methodology. The Assumptions & Additional Information page also explains the limitations of the Tool. If any assumption is not appropriate for your circumstances and/or if any of these limitations apply to you, the output of the Tool may not be accurate, and you should consult the PRSP official plan document and your tax advisor.
The information and resources provided throughout the website, including the text, graphics, images, and other materials, are provided as general information, which may be based on various assumptions relating to your age, eligibility, elections, or compensation, and neither represent nor are intended to be specific advice to you or anyone else on any particular matter, including, but not limited to, tax, legal, retirement planning, insurance, financial, or similar advice.
The website relies on certain assumptions and additional information as outlined on subsequent pages. Those assumptions and additional information will impact the calculations and results. You are solely responsible for the accuracy of any data you enter into the website, and the calculations are based on the information you provide.
The website's estimates and results are not a guarantee of what your benefits or account balance will actually be at any time, or what your maximum contribution amount is under applicable laws and regulations. They neither represent nor are intended to be specific advice to you or anyone else on any particular matter, including, but not limited to, investment, tax, legal, retirement planning, insurance, financial, health, or similar advice. The website should not be used or relied upon by you as a substitute for your independent research or for professional advice regarding your own personal situation.
This website is intended only for your personal non-commercial use, and you may not modify, copy, display, distribute, reverse engineer, or otherwise extract any source code, algorithms, methods or techniques embodied in the website. The website is provided on an "as is," "as available," and "with all faults" basis, without warranty of any kind, express or implied, including, without limitation, warranties of merchantability, fitness for a particular use or purpose, title, or non-infringement. In no event shall FWS LLC or any of its licensors or affiliates be liable for any consequential, special, or indirect damages that result from use of or loss of use of the website. The rights, exclusions, warranty disclaimers and limitations of liability under these terms operate to the benefit of FWS LLC's subcontractors, licensors, affiliates, and vendors to the same extent that such provisions operate to the benefit of FWS LLC. FWS LLC reserves the right to make changes or corrections to the terms of use or this website at any time, which shall become effective immediately.
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| Annual Compensation Limit | For purposes of this tool, the Annual Compensation Limit is the maximum amount of pay that can be considered “eligible compensation” for your own pre-tax, Roth, and after tax contributions as well as your organization's contributions - $345,000 in 2024. |
| Pre-tax and Roth Combined Annual Contribution Limit | The maximum amount you are allowed to contribute on a pre-tax and Roth basis combined is $23,000 in 2024. |
| Total Annual Contributions Limit |
This limits the total amount contributed to your workplace savings plan for the
year, including contributions on a pre-tax, Roth, or after-tax basis,
mandatory contributions, matching contributions, and any additional
contributions made by your organization. However, this limit does
not include catch-up contributions
(if applicable). The maximum total contribution is
$69,000 in 2024.
Please note that if you have more than 50% control in another entity, the IRS requires that any contributions made by your employer to a Workplace Savings Plan of such business be included in determining your 403(b) contribution limit. |
| Catch-up Contribution Limit |
If you are age 50 or older, this is the additional amount above the
Pre-tax and Roth Combined Annual Contribution Limit and above the
Total Annual Contributions Limit that you are allowed to contribute
on a pre-tax basis which is
$7,500 in 2024.
If you participate in a 403(b) with more than 15 years of service at your current organization, you may be eligible to make special catch-up contributions unrelated to this limit, which are not included in the Tool. |
| Note: These limits may be updated by the IRS annually with cost-of-living adjustments. | |
