Plan Snapshot
- Plan Sponsor: Medtronic, INC.
- Sponsor EIN: 410793183
- Sponsor Address: 710 MEDTRONIC PARKWAY NE, MINNEAPOLIS, MN, 55432
- Plan Type: 401(k)
- Plan Number: 005
- Total Participants: 38,035
- Total Assets: $13.7B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 38,035 | $13.7B | $345.9M | $508.7M |
| 2023 | 38,480 | $12.9B | $351.7M | $492.7M |
| 2022 | 44,342 | $12.2B | $271.0M | $480.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $2,741,967 | — | $2,741,967 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $608,939 | — | $608,939 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | $187,500 | — | $187,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- PRICEWATERHOUSECOOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,538,406
- Estimated Expense Ratio: 0.026% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |