Defined Benefit (Pension) · DOL Form 5500 · 2024

Medtronic, Inc. Pension Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
990
Participants Near avg headcount
99th
Percentile by assets National rank
$1.5M
Avg per participant High balance/head
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Official DOL plan name: Medtronic Retirement Plan · Sponsored by Medtronic, Inc. · Minnesota · Manufacturing

$1.5B in assets, 990 participants

Medtronic, Inc.'s Medtronic Retirement Plan reported $1.5B in total assets and 990 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.

  • #17,453 in Manufacturing (17,777 peers)

Where Medtronic Retirement Plan sits by assets

Medtronic Retirement Plan sits among the largest 1% of all filed plans, $1.5B for 990 participants (~$1.5M/participant), up 1.6% in 2024.

#17,453
in Manufacturing (17,777 peers)
+1.6%
assets growth YoY
15×
vs typical plan assets (national mean)

Medtronic Retirement Plan's outsized position by total assets

Medtronic Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,516,223,430 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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 among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Medtronic Retirement Plan sits mid-pack in the medium band (990 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Medtronic Retirement Plan reported net income rose from -$65M in the plan year 2023 filing to $24M in the plan year 2024 filing.
  • Medtronic Retirement Plan reported participants fell from 1,079 in the plan year 2023 filing to 990 in the plan year 2024 filing.
  • Medtronic Retirement Plan end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.5B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410793183 · Medtronic, Inc. PY 2024 · Defined Benefit (Pension)

Medtronic Retirement Plan · $1.5B · 990 · 99th

  • BOY $1.5B
  • SCH 990
  • EBSA 99th
  • PART Defined Benefit (Pension)
  • TYPE near Liuna National (Industrial) Pension Fund
  • NET ind #17453

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 in the asset neighbourhood

Laborers National Pension FundLaborers National Pension Fu…$1.5BMedtronic Retirement Plan$1.5BLiuna National (Industrial) Pension FundLiuna National (Industrial) …$1.5BXpo Pension Plan$1.5BCentral Pennsylvania Teamsters Defined Benefit PlanCentral Pennsylvania Teamste…$1.5B
End-of-year total assets ($B) among Medtronic Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.5B
Net Income$24M
Employer EIN410793183
Plan Effective Date1983-05-01
Filing StatusFILING 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
$15B$16B$17B$18B 202220232024 $15.9B $17.7B ▲ +11.1%
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 vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Medtronic Retirement Plan, Total assets ($B): 1.51622343 · Participants: 990Medtronic Retirement PlanMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension Plan
Medtronic Retirement Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Medtronic Retirement Plan side-by-side with 3 peers →

Medtronic Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Liuna National (Industrial) Pension Fund in DC ($1.5B); by covered participants it is Employees' Retirement Plan of the National Education Association in DC (988 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (990 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Medtronic Retirement Plan assets move in 2024? ▼
Medtronic Retirement Plan edged up modestly - up 1.6% during 2024, from $1.5B to $1.5B. Reported net income was $24M.
How have Medtronic, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Medtronic, Inc.'s sponsor-wide assets grew 11.1%, from $15.9B to $17.7B.
Where does Medtronic Retirement Plan rank by assets among Form 5500 filers? ▼
Medtronic Retirement Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Medtronic Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Liuna National (Industrial) Pension Fund in DC ($1.5B, 18,228 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Medtronic Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees' Retirement Plan of the National Education Association in DC (988 participants, $910M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410793183.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.