Medtronic, Inc.
81
Plan:
Medtronic, Inc. Savings and Investment Plan
32
69
87
0
10
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30
40
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70
80
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100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (81) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
4 additional years of work Up to $71,700 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, Inc. Savings and Investment Plan is a defined contribution plan with a profit-sharing component and leveraged ESOP component. This plan has a BrightScope Rating of 81, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Medtronic, Inc. Savings and Investment Plan currently has over 31,100 active participants and over $3.7B in plan assets.
Retirement Plan Details
| Address |
710 Medtronic Parkway Ne
Ms Lc245 Minneapolis, MN 55432 |
| Industry | Manufacturing |
| Administrator | Denise King, Director, Us Benefits |
| Net Plan Assets | $3,690,000,000 |
| Total Participants | 31,000 |
| Avg Account Balance | $120,000 |
Compare Other Companies in Peer Group
| Mader Construction Company | 81.3 |
| Nsa, LLC | 66.1 |
| Rockford | 65.4 |
| Phonak LLC | 64.8 |
| Joy Cone Co. | 57.7 |
| Erie Tool and Supply Co. | 41.1 |
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