Medtronic 401(k) and pension plans

Medtronic, Inc., Minneapolis, MN. EIN 41-0793183. Annual reports 2009–2024.

Medtronic, Inc. has 3 active retirement plans on file. The largest is the Medtronic Savings and Investment Plan, with 55,692 participants and $13.7 billion in assets in 2024. Fidelity has been its recordkeeper since 2019.

Active plans: 3
Participants: 78,182
Plan assets: $17.7 billion
401(k) recordkeeper: Fidelity
Plans on file: 3
Industry: Manufacturing

All 3 plans

Active plans first

Medtronic Savings and Investment Plan

401(k) with ESOPActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 005Employer EIN 41-0793183
Participants (2024): 55,692
Net assets (2024): $13.7 billion
Recordkeeper: FidelityEarlier: Vanguard (2009–2015)
Plan administrator: Medtronic, Inc.
710 Medtronic Parkway Ne, MS LC245
Minneapolis, MN 55432
(763) 514-4000As filed for 2024
In effect since: May 1, 1989

Plans merged into this one: Covidien Retirement Savings and Investment Plan (2015).

Earlier plan names: Medtronic, Inc. Savings and Investment Plan; Medtronic, Inc. Savings and Investment Plan (Also Known As the Medtronic, Inc. 401(k) Plan); Medtronic Savings and Investment Plan (Also Known As the Medtronic 401(k) Plan).

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	55,692	$13.7 billion	Fidelity
2023	56,318	$12.9 billion	Fidelity
2022	58,915	$12.2 billion	Fidelity
2021	55,786	$12.2 billion	Fidelity
2020	53,308	$13.0 billion	Fidelity
2019	53,577	$10.0 billion	Fidelity
2018	57,329	$10.3 billion	not listed
2017	55,810	$9.7 billion	not listed
2016	54,692	$9.0 billion	not listed
2015	52,397	$7.9 billion	Vanguard
2014	31,959	$5.9 billion	Vanguard
2013	30,586	$5.2 billion	Vanguard
2012	30,868	$4.5 billion	Vanguard
2011	31,321	$3.8 billion	Vanguard
2010	31,113	$3.7 billion	Vanguard
2009	29,807	$3.2 billion	Vanguard

Medtronic Retirement Plan

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 002Employer EIN 41-0793183
Participants (2024): 11,282
Net assets (2024): $1.5 billion
Last listed administrator: AlightEarlier: Vanguard (2009–2016)
Plan administrator: Medtronic, Inc.
710 Medtronic Parkway
Minneapolis, MN 55432
(763) 514-4000As filed for 2024
In effect since: May 1, 1983

Earlier plan names: Medtronic, Inc. Retirement Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	11,282	$1.5 billion	not listed
2023	13,907	$1.5 billion	not listed
2022	13,732	$1.6 billion	not listed
2021	14,364	$1.6 billion	not listed
2020	14,585	$1.8 billion	not listed
2019	14,833	$1.7 billion	not listed
2017	28,122	$3.1 billion	Alight
2016	28,743	$2.8 billion	Vanguard
2015	29,555	$2.5 billion	Vanguard
2014	29,009	$2.3 billion	Vanguard
2013	27,981	$2.2 billion	Vanguard
2012	27,697	$2.0 billion	Vanguard
2011	27,649	$1.7 billion	Vanguard
2010	27,501	$1.6 billion	Vanguard
2009	26,448	$1.3 billion	Vanguard

Medtronic Retirement Plan for Certain Participants and Beneficiaries

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 007Employer EIN 41-0793183
Participants (2024): 11,208
Net assets (2024): $2.4 billion
Plan administrator: Medtronic, Inc.
710 Medtronic Parkway
Minneapolis, MN 55432
(763) 514-4000As filed for 2024
In effect since: May 1, 2019

Year by year, 2019 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	11,208	$2.4 billion	not listed
2023	11,495	$2.3 billion	not listed
2022	11,659	$2.2 billion	not listed
2021	11,850	$2.2 billion	not listed
2020	12,029	$2.3 billion	not listed
2019	12,258	$1.6 billion	not listed

If you had money in one of these plans

Call Fidelity (fidelity.com), which runs the Medtronic Savings and Investment Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((763) 514-4000). That number was filed for 2024; ask for the benefits or retirement plan office.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

All 3 plans

Medtronic Savings and Investment Plan

Medtronic Retirement Plan

Medtronic Retirement Plan for Certain Participants and Beneficiaries

If you had money in one of these plans

What these numbers are

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