Defined Benefit (Pension) · DOL Form 5500 · 2022
Medtronic, Inc. Pension Plan
Data updated 2026-08-25
- $1.6B
- Total assets Very large vs avg
- 1,131
- Participants Near avg headcount
- 99th
- Percentile by assets National rank
- $1.4M
- Avg per participant High balance/head
Official DOL plan name: Medtronic Retirement Plan · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$1.6B in assets, 1,131 participants
Medtronic, Inc.'s Medtronic Retirement Plan reported $1.6B in total assets and 1,131 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- #20,324 in Manufacturing (20,602 peers)
Where Medtronic Retirement Plan sits by assets
Medtronic Retirement Plan sits among the largest 1% of all filed plans, $1.6B for 1,131 participants (~$1.4M/participant), down 5.5% in 2022.
- #20,324
- in Manufacturing (20,602 peers)
- -5.5%
- assets change YoY
- 16×
- vs typical plan assets (national mean)
The plan reported a net loss of $91M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Medtronic Retirement Plan's outsized position by total assets
Medtronic Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,556,824,000 Top 1% higher than 99% 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
Medtronic Retirement Plan's large-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 Retirement Plan lands in the large band (1,131 participants).
Form 5500 schedule snapshot
Filing strip 410793183 · Medtronic, Inc. PY 2022 · Defined Benefit (Pension)
Medtronic Retirement Plan · $1.6B · 1,131 · 99th
- EIN $1.6B
- EIN 1,131
- EIN 99th
- EIN Defined Benefit (Pension)
- EIN near Graphic Communications Conference National Pension Fund
- EIN ind #20324
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 Retirement Plan in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | -$91M |
| Employer EIN | 410793183 |
| Plan Effective Date | 1983-05-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 48,987 | $15.9B |
| 2023 | 3 | 53,292 | $16.7B |
| 2024 | 3 | 46,654 | $17.7B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Medtronic Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Graphic Communications Conference National Pension Fund in IL ($1.6B); by covered participants it is Clark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension Plan in ND (1,132 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.6B here).
- Graphic Communications Conference National Pension Fund (IL) $1.6B · 747
- Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan (CT) $1.6B · 7,265
- Principal Cash Balance Plan (IA) $1.5B · 11,788
- Ppl Retirement Plan (PA) $1.6B · 1,247
Similar participant headcount
Nearest other-state filings by covered participants (1,131 participants); asset peers above are excluded.
- Clark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension Plan (ND) 1,132 · 1 off
- Southwest Retirement and Cash Balance Plan (OH) 1,128 · 3 off
- Smart Local 265 Pension Fund (IL) 1,134 · 3 off
- Pension and Retirement Plan of Plumbers and Pipefitters Union Local 525 (NV) 1,127 · 4 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.