Defined Benefit (Pension) · DOL Form 5500 · 2022
Medtronic, Inc. Pension Plan
Data updated 2026-08-25
- $2.2B
- Total assets Very large vs avg
- 9,031
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $238,270
- Avg per participant Above avg balance/head
Official DOL plan name: Medtronic Retirement Plan for Certain Participants and Beneficiaries · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$2.2B in assets, 9,031 participants
Medtronic, Inc.'s Medtronic Retirement Plan for Certain Participants and Beneficiaries reported $2.2B in total assets and 9,031 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.
- #20,405 in Manufacturing (20,602 peers)
Coverage in Minnesota
Medtronic Retirement Plan for Certain Participants and Beneficiaries covers 9,031 participants in Minnesota, 8.0x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.2B.
- #20,405
- in Manufacturing (20,602 peers)
- -3.1%
- assets change YoY
- 22×
- vs typical plan assets (national mean)
The plan reported a net loss of $70M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Medtronic Retirement Plan for Certain Participants and Beneficiaries's outsized position by total assets
Medtronic Retirement Plan for Certain Participants and Beneficiaries vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,151,819,000 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 for Certain Participants and Beneficiaries'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 for Certain Participants and Beneficiaries lands in the large band (9,031 participants).
Plan-year Form 5500 strip
Filing strip 410793183 · Medtronic, Inc. PY 2022 · Defined Benefit (Pension)
Medtronic Retirement Plan for Certain Participants and Beneficiaries · $2.2B · 9,031 · 99th
- PHOTO $2.2B
- PHOTO 9,031
- PHOTO 99th
- PHOTO Defined Benefit (Pension)
- PHOTO near Ohio Carpenters' Pension Plan
- PHOTO ind #20405
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 for Certain Participants and Beneficiaries in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $2.2B |
|---|---|
| Net Assets (End of Year) | $2.2B |
| Net Income | -$70M |
| Employer EIN | 410793183 |
| Plan Effective Date | 2019-05-01 |
| 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
Scale composition for Medtronic Retirement Plan for Certain Participants and Beneficiaries
Medtronic Retirement Plan for Certain Participants and Beneficiaries reports $2.2B in end-of-year assets across 9,031 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $238,270 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2022 was -$70M.
This plan identity (EIN 410793183, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.2B to $2.4B (+13.2%) while covered participants moved from 9,031 to 7,184 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,031 | $2.2B | This page |
| 2023 | 7,871 | $2.3B | Open filing |
| 2024 · index core | 7,184 | $2.4B | 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)
Medtronic Retirement Plan for Certain Participants and Beneficiaries's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Ohio Carpenters' Pension Plan in MI ($2.1B); by covered participants it is Children's Hospital Corporation Pension Plan in MA (8,974 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.2B here).
- Ohio Carpenters' Pension Plan (MI) $2.1B · 10,024
- Ernst & Young Defined Benefit Retirement Plan (NJ) $2.1B · 41,604
- Rockwell Automation Pension Plan (WI) $2.1B · 3,077
- Morgan Stanley Employees Retirement Plan (NY) $2.2B · 6,991
Similar participant headcount
Nearest other-state filings by covered participants (9,031 participants); asset peers above are excluded.
- Children's Hospital Corporation Pension Plan (MA) 8,974 · 57 off
- Bp Retirement Accumulation Plan (TX) 9,156 · 125 off
- Methodist Health System Employee Retirement Plan (TX) 9,195 · 164 off
- Main Line Health, Inc. Retirement Income Plan (PA) 9,199 · 168 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.