401(k) · DOL Form 5500 · 2022
Medtronic, Inc. 401(k) Plan
Data updated 2026-08-11
- $12.2B
- Total assets
- 38,825
- Participants
- 100th
- Percentile by assets
- $314,187
- Avg per participant
Official DOL plan name: Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$12.2B in assets, 38,825 participants
Medtronic, Inc.'s Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) reported $12.2B in total assets and 38,825 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,126 plans)
- #20,567 in Manufacturing (20,602 peers)
Coverage in Minnesota
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) covers 38,825 participants in Minnesota, 34x the typical Minnesota plan (state average ~1,126 per filing). Assets: $12.2B.
- $12.2B
- total plan assets (2022 EOY)
- 38,825
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $314,187
- avg assets per participant
Where Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) sits by total assets
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$12,198,295,000 Top 1% higher than 100% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) reports 38,825 participants - 34x that state average ($12.2B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $12.2B |
|---|---|
| Net Assets (End of Year) | $12.2B |
| Net Income | $32M |
| Employer EIN | 410793183 |
| Plan Effective Date | 1989-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Medtronic, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 48,987 | $15.9B |
| 2023 | 3 | 53,292 | $16.7B |
| 2024 | 3 | 46,654 | $17.7B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
- The Travelers 401(k) Savings Plan $8.0B · 27,710
Scale composition for Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) reports $12.2B in end-of-year assets across 38,825 participants (0.099% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.041% of 93,925,755 covered participants) - about $314,187 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2022 was $32M.
This plan identity (EIN 410793183, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $12.2B to $13.7B (+12.5%) while covered participants moved from 38,825 to 38,480 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 38,825 | $12.2B | This page |
| 2023 | 44,342 | $12.9B | Open filing |
| 2024 · index core | 38,480 | $13.7B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Medtronic Savings and Investment Plan (401(k), $13.7B, 38,480 participants)
- Medtronic Retirement Plan for Certain Participants and Beneficiaries (Defined Benefit (Pension), $2.4B, 7,184 participants)
- Medtronic Retirement Plan (Defined Benefit (Pension), $1.5B, 990 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) by total assets, not by location.
- The Pepsico Savings Plan (NY) $12.1B · 129,846
- Ernst & Young Retirement Savings Plan (NJ) $12.4B · 52,975
- Dell Inc. 401(k) Plan (TX) $12.0B · 47,532
- United Airlines Pilot Retirement Account Plan (IL) $11.8B · 13,437
Frequently Asked Questions
How did Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) assets move in 2022? ▼
How have Medtronic, Inc. plan assets changed over time? ▼
Where does Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)? ▼
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Filing takeaways
Ways to act on Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)'s numbers.
- By total assets, Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Medtronic, Inc.'s sponsor-wide assets have grown 11.1% since 2022 across 3 plan years on file. More Manufacturing plans