401(k) · DOL Form 5500 · 2022

Medtronic, Inc. 401(k) Plan

Data updated 2026-08-25

$12.2B
Total assets Mega-plan scale
38,825
Participants Very large workforce
100th
Percentile by assets National rank
$314,187
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#20,567
in Manufacturing (20,602 peers)
-0.0%
assets change YoY
122×
vs typical plan assets (national mean)

Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)'s outsized position 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 Highest reported value at or above every one of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)'s mega-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) is a mega filing (38,825 participants), the rightmost band on the breakdown.

Form 5500 schedule snapshot

Filing strip 410793183 · Medtronic, Inc. PY 2022 · 401(k)

Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) · $12.2B · 38,825 · 100th

  • PHOTO $12.2B
  • IND 38,825
  • EOY 100th
  • 5500 401(k)
  • ASSETS near The Pepsico Savings Plan
  • PCT ind #20567

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) in the asset neighbourhood

Ernst & Young Retirement Savings PlanErnst & Young Retirement Sav…$12.4BMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Medtronic Savings and Invest…$12.2BThe Pepsico Savings Plan$12.1BDell Inc. 401(k) Plan$12.0BUnited Airlines Pilot Retirement Account PlanUnited Airlines Pilot Retire…$11.8B
End-of-year total assets ($B) among Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$12.2B
Net Assets (End of Year)$12.2B
Net Income$32M
Employer EIN410793183
Plan Effective Date1989-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Medtronic, Inc.)

Sponsor-wide plan assets over time

All Medtronic, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17.7B 11.094320666868759% vs 2022
2024 filing year
$15B$16B$17B$18B 202220232024 $15.9B $17.7B ▲ +11.1%
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 Scatter plot of 6 data points. 0100000200000300000400000500000 5101520 Total assets ($B) Participants Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Unitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings PlanThe Travelers 401(k) Savings Plan, Total assets ($B): 8.006757796 · Participants: 27710The Travelers 401(k) Savings Plan
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) side-by-side with 3 peers →

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 (Also Known as the Medtronic 401(k) Plan)'s out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is The Pepsico Savings Plan in NY ($12.1B); by covered participants it is Honeywell 401(k) Plan in NC (39,007 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (38,825 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) assets move in 2022? ▼
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) held essentially flat - down 0.0% during 2022, from $12.2B to $12.2B. Reported net income was $32M.
How have Medtronic, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Medtronic, Inc.'s sponsor-wide assets grew 11.1%, from $15.9B to $17.7B.
Where does Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) rank by assets among Form 5500 filers? ▼
Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) ranks in the 100th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)? ▼
Among 401(k) plans in other states, the closest by assets is The Pepsico Savings Plan in NY ($12.1B, 129,846 participants).
Which 401(k) plans cover a similar participant headcount to Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)? ▼
Among 401(k) plans in other states, the closest by covered participants is Honeywell 401(k) Plan in NC (39,007 participants, $14.6B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410793183.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.