Defined Benefit (Pension) · DOL Form 5500 · 2024
Medtronic, Inc. Pension Plan
Data updated 2026-08-11
- $2.4B
- Total assets
- 7,184
- Participants
- 99th
- Percentile by assets
- $339,101
- Avg per participant
Official DOL plan name: Medtronic Retirement Plan for Certain Participants and Beneficiaries · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$2.4B in assets, 7,184 participants
Medtronic, Inc.'s Medtronic Retirement Plan for Certain Participants and Beneficiaries reported $2.4B in total assets and 7,184 participants in its 2024 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 123,622 plans)
- #17,570 in Manufacturing (17,777 peers)
Coverage in Minnesota
Medtronic Retirement Plan for Certain Participants and Beneficiaries covers 7,184 participants in Minnesota, 6.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.4B.
- $2.4B
- total plan assets (2024 EOY)
- 7,184
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $339,101
- 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 2024 · DOL Form 5500
$2,436,103,280 Top 1% higher than 99% 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 Retirement Plan for Certain Participants and Beneficiaries reported net income fell from $155M in the plan year 2023 filing to $129M in the plan year 2024 filing.
- Medtronic Retirement Plan for Certain Participants and Beneficiaries reported participants fell from 7,871 in the plan year 2023 filing to 7,184 in the plan year 2024 filing.
- Medtronic Retirement Plan for Certain Participants and Beneficiaries end-of-year assets rose from $2.3B in the plan year 2023 filing to $2.4B 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 Retirement Plan for Certain Participants and Beneficiaries reports 7,184 participants - 6.4x that state average ($2.4B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | $2.4B |
| Net Income | $129M |
| 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
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
Scale composition for Medtronic Retirement Plan for Certain Participants and Beneficiaries
Medtronic Retirement Plan for Certain Participants and Beneficiaries reports $2.4B in end-of-year assets across 7,184 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $339,101 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2024 was $129M.
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 | Open filing |
| 2024 · index core | 7,184 | $2.4B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Medtronic Savings and Investment Plan (401(k), $13.7B, 38,480 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.
- Pension Plan for Eaton Corporation Employees (OH) $2.4B · 8,410
- Equity-League Pension Trust Fund (NY) $2.4B · 20,243
- Frontier Communications Pension Plan (CT) $2.4B · 8,761
- Ernst & Young Defined Benefit Retirement Plan (NJ) $2.4B · 48,793
Frequently Asked Questions
How did Medtronic Retirement Plan for Certain Participants and Beneficiaries assets move in 2024? ▼
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? ▼
Which Defined Benefit (Pension) plans are similar in size to Medtronic Retirement Plan for Certain Participants and Beneficiaries? ▼
Next read for Medtronic Retirement Plan for Certain Pa…
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