Defined Benefit (Pension) · DOL Form 5500 · 2022
Medtronic, Inc. Pension Plan
Data updated 2026-08-11
- $2.2B
- Total assets
- 9,031
- Participants
- 99th
- Percentile by assets
- $238,270
- Avg per participant
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.
- 99th percentile by assets (of 139,126 plans)
- #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.
- $2.2B
- total plan assets (2022 EOY)
- 9,031
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $238,270
- avg assets per participant
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.
Where Medtronic Retirement Plan for Certain Participants and Beneficiaries sits 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
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Medtronic Retirement Plan for Certain Participants and Beneficiaries reports 9,031 participants - 8.0x that state average ($2.2B EOY assets).
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.)
| 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.
Medtronic Retirement Plan for Certain Participants and Beneficiaries vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Medtronic Retirement Plan for Certain Participants and Beneficiaries by total assets, not by location.
- 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
Frequently Asked Questions
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Filing takeaways
Ways to act on Medtronic Retirement Plan for Certain Participants and Beneficiaries's numbers.
- By total assets, Medtronic Retirement Plan for Certain Participants and Beneficiaries ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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