Defined Benefit (Pension) · DOL Form 5500 · 2024
Medtronic, Inc. Pension Plan
Data updated 2026-08-25
- $2.4B
- Total assets Very large vs avg
- 7,184
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $339,101
- Avg per participant High balance/head
Official DOL plan name: Medtronic Retirement Plan for Certain Participants and Beneficiaries · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing
$2.4B 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.
- #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.
- #17,570
- in Manufacturing (17,777 peers)
- +5.6%
- assets growth YoY
- 24×
- 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 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
Medtronic Retirement Plan for Certain Participants and Beneficiaries's large-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 Retirement Plan for Certain Participants and Beneficiaries lands in the large band (7,184 participants).
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.
Form 5500 schedule snapshot
Filing strip 410793183 · Medtronic, Inc. PY 2024 · Defined Benefit (Pension)
Medtronic Retirement Plan for Certain Participants and Beneficiaries · $2.4B · 7,184 · 99th
- EBSA $2.4B
- PART 7,184
- TYPE 99th
- NET Defined Benefit (Pension)
- BOOK near Pension Plan for Eaton Corporation Employees
- VS-ST ind #17570
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) | $2.3B |
|---|---|
| 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.)
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.
- 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)
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 Pension Plan for Eaton Corporation Employees in OH ($2.4B); by covered participants it is Seafarers Pension Plan in MD (7,182 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.4B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,184 participants); asset peers above are excluded.
- Seafarers Pension Plan (MD) 7,182 · 2 off
- Tforce Freight Pension Plan (TX) 7,193 · 9 off
- Transamerica Pension Plan (IA) 7,170 · 14 off
- William Beaumont Hospital Employees' Retirement Plan (MI) 7,153 · 31 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.