Defined Benefit (Pension) · DOL Form 5500 · 2023
Medtronic, Inc. Pension Plan
Data updated 2026-08-11
- $2.3B
- Total assets
- 7,871
- Participants
- 99th
- Percentile by assets
- $293,132
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $2.3B
- total plan assets (2023 EOY)
- 7,871
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $293,132
- avg assets per participant
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 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
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.
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 7,871 participants - 7.0x that state average ($2.3B EOY assets).
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.)
| 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 $14.3B · 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)
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.
- 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
Frequently Asked Questions
How did Medtronic Retirement Plan for Certain Participants and Beneficiaries assets move in 2023? ▼
How have Medtronic, Inc. plan assets changed over time? ▼
Where does Medtronic Retirement Plan for Certain Participants and Beneficiaries rank by assets among Form 5500 filers? ▼
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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