401(k) · DOL Form 5500 · 2024
Medtronic, Inc. 401(k) Plan
Data updated 2026-08-25
- $13.7B
- Total assets Mega-plan scale
- 38,480
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $356,533
- Avg per participant High balance/head
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.
- #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.
- #17,742
- in Manufacturing (17,777 peers)
- +6.1%
- assets growth YoY
- 138×
- vs typical plan assets (national mean)
Medtronic Savings and Investment Plan's outsized position 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 Highest reported value at or above every one 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
Medtronic Savings and Investment Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Medtronic Savings and Investment Plan is a mega filing (38,480 participants), the rightmost band on the breakdown.
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.
DOL schedule card
Filing strip 410793183 · Medtronic, Inc. PY 2024 · 401(k)
Medtronic Savings and Investment Plan · $13.7B · 38,480 · 100th
- PCT $13.7B
- EIN 38,480
- RANK 100th
- PHOTO 401(k)
- IND near Kaiser Permanente Tax Sheltered Annuity Plan
- EOY ind #17742
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 Savings and Investment Plan in the asset neighbourhood
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.)
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 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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)
Medtronic Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Kaiser Permanente Tax Sheltered Annuity Plan in CA ($13.8B); by covered participants it is Iu Health 401(k) Savings Plan in IN (38,460 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($13.7B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (38,480 participants); asset peers above are excluded.
- Iu Health 401(k) Savings Plan (IN) 38,460 · 20 off
- Whataburger 401(k) Savings Plan (TX) 38,324 · 156 off
- Advantage 401(k) Savings Plan (MO) 38,300 · 180 off
- Waste Management Retirement Savings Plan (TX) 38,676 · 196 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.