2. Total points: 30 . 3. Please find and refer to the 2022 annual report of FedEx Corporation to answer the following questions. Required: 1. General informatione When does FedEx's fiscal year end? Who is FedEx's auditor? (2 pts) 2. Does FedEx sponsor defined benefit pension plans for its employees? Does FedEx sponsor defaned contribution pension plans for its enployees? Please cite the abpropriate information from the annual report to support your answers fe-g. "Yes. FedEx does sponsor defined beneft pension plans because on Pafe X of the annual report, it states that ". 7 ) (2 pts) 3. Find the net funded status, fair value of plan assets, and P8O of FedEx's U.5. pension plans at the fiscal year end of 2022 and 2021 , respectivefy b pts). 4. The accounting for pension plans includes numerous assumptions. From 2021 to 2022 . how did the discount rate and rate of increane in futiae compensation leveh tused to determine beneft obligation for U.S. Pension Plans change? How did these changes in assumptions atfect p8O? (4 pts) 5. For each fiscal year from 2020 to 2022: What were the actual rate of retum and expected rate of return on FedEx's U.5. Pension Plan assets? Dits the differencer between actual and expected rate of returns create a gain or loss? (3 pts) 6. Based on the variations in actual and expected nates of return across the three years (2020-2022), can you explain how and why expected return and inexpected return on pension plan assets are reported ditferently in the financial statements? ( 4 nts) 7. In 2020, FedEx announced the closing of its U.5.-based defined benefit pension plans to new non-union employees hired on or after lanuary 1. 2020. Please discuss why companies are shifting away from defined benefit pension plans. Do you. as an employee, prefer a defined beneft of a defined contribution plan? Please exiptatin. (6 ptst) B. If you are enrolled in a defined benefit pension plan, would you be concerned about the safety of your pension if your employer goes bankrupt? Please explain if pbil 2. Total points: 30 . 3. Please find and refer to the 2022 annual report of FedEx Corporation to answer the following questions. Required: 1. General informatione When does FedEx's fiscal year end? Who is FedEx's auditor? (2 pts) 2. Does FedEx sponsor defined benefit pension plans for its employees? Does FedEx sponsor defaned contribution pension plans for its enployees? Please cite the abpropriate information from the annual report to support your answers fe-g. "Yes. FedEx does sponsor defined beneft pension plans because on Pafe X of the annual report, it states that ". 7 ) (2 pts) 3. Find the net funded status, fair value of plan assets, and P8O of FedEx's U.5. pension plans at the fiscal year end of 2022 and 2021 , respectivefy b pts). 4. The accounting for pension plans includes numerous assumptions. From 2021 to 2022 . how did the discount rate and rate of increane in futiae compensation leveh tused to determine beneft obligation for U.S. Pension Plans change? How did these changes in assumptions atfect p8O? (4 pts) 5. For each fiscal year from 2020 to 2022: What were the actual rate of retum and expected rate of return on FedEx's U.5. Pension Plan assets? Dits the differencer between actual and expected rate of returns create a gain or loss? (3 pts) 6. Based on the variations in actual and expected nates of return across the three years (2020-2022), can you explain how and why expected return and inexpected return on pension plan assets are reported ditferently in the financial statements? ( 4 nts) 7. In 2020, FedEx announced the closing of its U.5.-based defined benefit pension plans to new non-union employees hired on or after lanuary 1. 2020. Please discuss why companies are shifting away from defined benefit pension plans. Do you. as an employee, prefer a defined beneft of a defined contribution plan? Please exiptatin. (6 ptst) B. If you are enrolled in a defined benefit pension plan, would you be concerned about the safety of your pension if your employer goes bankrupt? Please explain if pbil