401(k) · DOL Form 5500 · 2024
Medtronic, Inc. 401(k) Plan
Data updated 2026-08-11
- $13.7B
- Total assets
- 38,480
- Participants
- 100th
- Percentile by assets
- $356,533
- Avg per participant
Official DOL plan name: Medtronic Savings and Investment Plan · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$13.7B in assets, 38,480 participants
Medtronic, Inc.'s Medtronic Savings and Investment Plan reported $13.7B in total assets and 38,480 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 123,622 plans)
- #17,742 in Manufacturing (17,777 peers)
Coverage in Minnesota
Medtronic Savings and Investment Plan covers 38,480 participants in Minnesota, 34x the typical Minnesota plan (state average ~1,126 per filing). Assets: $13.7B.
- $13.7B
- total plan assets (2024 EOY)
- 38,480
- covered participants
- 100th
- percentile by assets (of 123,622 plans)
- $356,533
- avg assets per participant
Where Medtronic Savings and Investment Plan sits by total assets
Medtronic Savings and Investment Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$13,719,378,000 Top 1% higher than 100% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Medtronic Savings and Investment Plan reported participants fell from 44,342 in the plan year 2023 filing to 38,480 in the plan year 2024 filing.
- Medtronic Savings and Investment Plan reported net income rose from $734M in the plan year 2023 filing to $787M in the plan year 2024 filing.
- Medtronic Savings and Investment Plan end-of-year assets rose from $12.9B in the plan year 2023 filing to $13.7B in the plan year 2024 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Medtronic Savings and Investment Plan reports 38,480 participants - 34x that state average ($13.7B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $12.9B |
|---|---|
| Net Assets (End of Year) | $13.7B |
| Net Income | $787M |
| Employer EIN | 410793183 |
| Plan Effective Date | 1989-05-01 |
| 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 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Medtronic Savings and Investment Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $10.6B · 32,964
Scale composition for Medtronic Savings and Investment Plan
Medtronic Savings and Investment Plan reports $13.7B in end-of-year assets across 38,480 participants (0.11% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.041% of 93,925,755 covered participants) - about $356,533 per participant (2.6x the national average assets-per-participant) . Net income for plan year 2024 was $787M.
This plan identity (EIN 410793183, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $12.2B to $13.7B (+12.5%) while covered participants moved from 38,825 to 38,480 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 38,825 | $12.2B | Open filing |
| 2023 | 44,342 | $12.9B | Open filing |
| 2024 · index core | 38,480 | $13.7B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- 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 401(k) Plans Nationally
401(k) plans in other states closest to Medtronic Savings and Investment Plan by total assets, not by location.
- Kaiser Permanente Tax Sheltered Annuity Plan (CA) $13.8B · 79,670
- Abbvie Savings Plan (IL) $13.4B · 26,790
- Toyota Motor North America, Inc. Retirement Savings Plan (TX) $13.3B · 43,916
- The Home Depot Futurebuilder (GA) $14.1B · 398,464
Frequently Asked Questions
How did Medtronic Savings and Investment Plan assets move in 2024? ▼
How have Medtronic, Inc. plan assets changed over time? ▼
Where does Medtronic Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Medtronic Savings and Investment Plan? ▼
Next read for Medtronic Savings and Investment Plan
Filing takeaways
Ways to act on Medtronic Savings and Investment Plan's numbers.
- By total assets, Medtronic Savings and Investment Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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