Medtronic Puerto Rico Operations Company
59
Plan:
4
59
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (59) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $195,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Medtronic Puerto Rico Employees Savings and Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 59. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Medtronic Puerto Rico Employees Savings and Investment Plan currently has over 2,500 active participants and over $35.7M in plan assets.
Retirement Plan Details
| Address |
710 Medtronic Pkwy
Minneapolis, MN 55432-5603 |
| Industry | Manufacturing |
| Administrator | Denise King, Sr Manager Us Benefits |
| Sponsor | Roger Chizek, Director Us Benefits |
| Net Plan Assets | $35,700,000 |
| Total Participants | 2,500 |
| Avg Account Balance | $16,000 |
Compare Other Companies in Peer Group
| Medtronic | 79.1 |
| Smith & Wesson | 67.8 |
| The Wooster Brush Company | 67.8 |
| Barr Associates | 62.7 |
| A&B Process Systems | 58.1 |
| MVP Group International | 35.7 |
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