Plan Snapshot
- Plan Sponsor: Medtronic, INC.
- Sponsor EIN: 410793183
- Sponsor Address: 710 MEDTRONIC PARKWAY, MINNEAPOLIS, MN, 554323576
- Plan Type: 401(k)
- Plan Number: 008
- Total Participants: 0
- Total Assets: $4.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $4.0B | $0 | $0 |
| 2023 | 0 | $3.8B | $0 | $0 |
| 2022 | 0 | $3.7B | $0 | $0 |
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 |
|---|---|---|---|---|
| FIDELITY INSTITUTIONAL ASSET MGMT | Recordkeeper | $2,395,045 | — | $2,395,045 |
| GUGGEMHEIM PARTNERS INVESMENT MANAG | Other Service Provider | $1,407,216 | — | $1,407,216 |
| ACADIAN INTL SMALL CAP FD | Other Service Provider | $946,973 | — | $946,973 |
| WELLINGTON TRUST | Other Service Provider | $600,525 | — | $600,525 |
| VOYA INVESTMENT TRUST | Other Service Provider | $486,777 | — | $486,777 |
| UBS | Investment Advisor | $380,986 | — | $380,986 |
| NEPC | Investment Advisor | $359,655 | — | $359,655 |
| AON CONSULTING | Actuary | $356,053 | — | $356,053 |
| PWC LLP | Auditor | $160,000 | — | $160,000 |
| US BANK | Custodian / Trustee | $149,735 | — | $149,735 |
| BLACKROCK INSTITUTIONAL TRUST | Investment Advisor | $7,751 | — | $7,751 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INSTITUTIONAL ASSET MGMT — Recordkeeper
- UBS — Investment Advisor
- NEPC — Investment Advisor
- PWC LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,250,716
- Estimated Expense Ratio: 0.182% 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 | $9,595,089 | $4,181,562 | $2,395,045 | $160,000 | — |
| 2023 | $11,985,000 | $4,060,000 | $2,707,000 | $130,000 | — |
| 2022 | $31,703,000 | $3,157,291 | $1,288,540 | — | — |