Defined Benefit (Pension) · DOL Form 5500 · 2023
Medtronic, Inc. Pension Plan
Data updated 2026-08-25
- $2.3B
- Total assets Very large vs avg
- 7,871
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $293,132
- Avg per participant High balance/head
Official DOL plan name: Medtronic Retirement Plan for Certain Participants and Beneficiaries · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$2.3B in assets, 7,871 participants
Medtronic, Inc.'s Medtronic Retirement Plan for Certain Participants and Beneficiaries reported $2.3B in total assets and 7,871 participants in its 2023 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.
- #18,512 in Manufacturing (18,722 peers)
Coverage in Minnesota
Medtronic Retirement Plan for Certain Participants and Beneficiaries covers 7,871 participants in Minnesota, 7.0x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.3B.
- #18,512
- in Manufacturing (18,722 peers)
- +7.2%
- assets growth YoY
- 23×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$2,307,242,000 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Medtronic Retirement Plan for Certain Participants and Beneficiaries's large-plan peer group by participant headcount
Plan-year 2023 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 (7,871 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Medtronic Retirement Plan for Certain Participants and Beneficiaries reported net income rose from -$70M in the plan year 2022 filing to $155M in the plan year 2023 filing.
- Medtronic Retirement Plan for Certain Participants and Beneficiaries reported participants fell from 9,031 in the plan year 2022 filing to 7,871 in the plan year 2023 filing.
- Medtronic Retirement Plan for Certain Participants and Beneficiaries end-of-year assets rose from $2.2B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 410793183 · Medtronic, Inc. PY 2023 · Defined Benefit (Pension)
Medtronic Retirement Plan for Certain Participants and Beneficiaries · $2.3B · 7,871 · 99th
- IND $2.3B
- IND 7,871
- IND 99th
- IND Defined Benefit (Pension)
- IND near The Goodyear Tire & Rubber Company 1950 Pension Plan
- IND ind #18512
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) | $2.3B |
| Net Income | $155M |
| 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 $14.3B · 10,638
- Mayo Pension Plan $11.0B · 69,155
- The Travelers Pension Plan $4.2B · 24,884
- General Mills Pension Plan I $4.0B · 383
- U.S. Bank Pension Plan $4.0B · 56,287
Scale composition for Medtronic Retirement Plan for Certain Participants and Beneficiaries
Medtronic Retirement Plan for Certain Participants and Beneficiaries reports $2.3B in end-of-year assets across 7,871 participants (0.019% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $293,132 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2023 was $155M.
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 | Open filing |
| 2023 | 7,871 | $2.3B | This page |
| 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 The Goodyear Tire & Rubber Company 1950 Pension Plan in OH ($2.3B); by covered participants it is Georgia-Pacific LLC Hourly Pension Plan in GA (7,873 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.3B here).
- The Goodyear Tire & Rubber Company 1950 Pension Plan (OH) $2.3B · 2,309
- New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund (NY) $2.3B · 24,024
- Air Products and Chemicals, Inc. Pension Plan for Salaried Employees (PA) $2.3B · 1,071
- Southern California Gas Company Pension Plan (CA) $2.3B · 8,002
Similar participant headcount
Nearest other-state filings by covered participants (7,871 participants); asset peers above are excluded.
- Georgia-Pacific LLC Hourly Pension Plan (GA) 7,873 · 2 off
- William Beaumont Hospital Employees' Retirement Plan (MI) 7,852 · 19 off
- Adm Retirement Plan (IL) 7,840 · 31 off
- The Albany Medical Center Retirement Plan (NY) 7,791 · 80 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.