FedEx, UPS 401Ks Shed Light on Asset Class Diversification - Seeking Alpha We have examined the retirement plans of two of the major players in shipping and logistics. UPS has a four asset class plan and FedEx has a three asset class plan. Both companies offer a large number of balanced funds that include target date funds. UPS has a better selection of fixed income but FedEx has more choices in international and US Equities. In general, both would do better to have more choices in each of their funds. One choice in REIT and foreign equity for UPS is low. We note that UPS gets much higher marks for having the extra asset class. UPS has an emerging market bond fund which provides additional exposure in bonds which further boosts its rating. Fedex does not score highly.