Department of Labor filing

MEDTRONIC, INC.

MEDTRONIC SAVINGS AND INVESTMENT PLAN (ALSO KNOWN AS THE MEDTRONIC 401(K) PLAN) · For the plan year ended Apr 30, 2025

Public filing 2024 · received Feb 12, 2026Verified current terms Not available

Plan at a glance

How good does the filing look?

There is not enough comparable filing data to judge this plan yet. This is a filing comparison, not a complete benefits score.

$Employer support

$9,093

Reported employer contributions per active participant.

Higher than about 94% of comparable plans

#People in the filing

38,035

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$0 / participant

Reported administrative expense—not every fee an employee may pay.

↗Investment performance

Not available

Plan assets changed 6.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 2024—There is not enough comparable filing data to calculate this yet.

How this filing compares

Reported employer contributions94th percentileTypical peer $3,888 · based on 117 comparable plans

Lower reported administrative expenseNot enough dataTypical peer $80 · based on 111 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Apr 30, 2025, MEDTRONIC, INC. reported $345,866,000 in employer contributions across the plan and 38,035 active participants. That works out to $9,093 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy68%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 48.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendNot enough history

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer contextNot enough data

Comparable-plan data is too limited for a score.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $345,866,000
Participant contributions: $508,727,000
Other contributions: $61,495,000
Employer share of reported contributions: 40.5%
Beginning assets: $12,931,979,000
Ending assets: $13,719,378,000
Ending net assets: $13,719,378,000
Ending liabilities: $0
Total income: $2,078,507,000
Total expenses: $1,291,108,000
Administrative expenses: $0
Participant loans: $97,398,000

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$6,111

2023

$9,139

2024

$9,093

Plan-paid administrative expenses per participant

2022

2023

2024

Active participants

2022

44,342

2023

38,480

2024

38,035

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$9,093	38,035	13.7B	20260212120237NAL0000146496001
2023	$9,139	38,480	12.9B	20250212152831NAL0035400224001
2022	$6,111	44,342	12.2B	20240212174620NAL0054584304001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.7%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 410793183-005

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 1, 1989
Industry: Industry group 339
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2T2E2F2G2J2K2O2S3D2R3H

Current plan terms

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Filing ACK_ID20260212120237NAL0000146496001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗