Defined Benefit (Pension) · DOL Form 5500 · 2024
Medtronic, Inc. Pension Plan
Data updated 2026-08-11
- $1.5B
- Total assets
- 990
- Participants
- 99th
- Percentile by assets
- $1.5M
- Avg per participant
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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $1.5B
- total plan assets (2024 EOY)
- 990
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $1.5M
- avg assets per participant
Where Medtronic Retirement Plan sits 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
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 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.
Medtronic Retirement Plan vs the 2024 asset distribution
By assets, Medtronic Retirement Plan outranks 99% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 15x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $24M |
| Employer EIN | 410793183 |
| Plan Effective Date | 1983-05-01 |
| 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 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Medtronic Retirement Plan by total assets, not by location.
- Liuna National (Industrial) Pension Fund (DC) $1.5B · 18,228
- Xpo Pension Plan (OR) $1.5B · 4,421
- Laborers National Pension Fund (TX) $1.5B · 10,367
- Central Pennsylvania Teamsters Defined Benefit Plan (PA) $1.5B · 5,424
Frequently Asked Questions
How did Medtronic Retirement Plan assets move in 2024? ▼
How have Medtronic, Inc. plan assets changed over time? ▼
Where does Medtronic Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Medtronic Retirement Plan? ▼
Next read for Medtronic Retirement Plan
Scale reading
Ways to act on Medtronic Retirement Plan's numbers.
- By total assets, Medtronic Retirement Plan 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