Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Medtronic
Medtronic 401(k)
- MDT NYSE
- Manufacturing
- Minneapolis, MN
- EIN 98-0355534
- 1 plan with Schedule H financials
- Plan year 2024
- Medtronic plc
- filed as Medtronic Puerto Rico Operations Company
Total assets, end of year · Medtronic Puerto Rico Employees' Savings and Investment Plan · plan year 2024
$386,102,000
6,000 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.
Source
Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260212120324NAL0000135873001, received 2026-02-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260212120324NAL0000135873001, received 2026-02-12
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-05-01 to 2025-04-30, filing received 2026-02-12.
Cost and contributions
Administrative expenses excluding investment management, per participant
$0.00
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / 6,000
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260212120324NAL0000135873001, received 2026-02-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260212120324NAL0000135873001, received 2026-02-12
Administrative expenses per participant
$0.00
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / 6,000
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260212120324NAL0000135873001, received 2026-02-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260212120324NAL0000135873001, received 2026-02-12
Administrative expenses as a share of assets
0.000%
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / $386,102,000
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260212120324NAL0000135873001, received 2026-02-12
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260212120324NAL0000135873001, received 2026-02-12
Employer contributions per participant
$2,735
Higher than 43% of the 2,457 plans $250M to 1B that report it.
Source
= $16,411,000 / 6,000
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260212120324NAL0000135873001, received 2026-02-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260212120324NAL0000135873001, received 2026-02-12
Employer share of total contributions
46.5%
Higher than 87% of the 2,459 plans $250M to 1B that report it.
Source
= $16,411,000 / $35,296,000
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260212120324NAL0000135873001, received 2026-02-12
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260212120324NAL0000135873001, received 2026-02-12
96.7% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $210,651 ($35.11 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Plan terms, as stated in Medtronic plc's SEC filings
Eligibility
“Immediately upon hire, eligible employees may begin contributing to the Plan and receive employer matching contributions.”
Form 11-K filed 2025-10-20, for the year ended 2025-04-30 · plan description note, eligibility · source document
Vesting
“Under the Traditional Component, active participants vest in Company matching contributions, including earnings and losses thereon, at a rate of 20% per year and become fully vested in all Company matching contributions after three years.”
Form 11-K filed 2025-10-20, for the year ended 2025-04-30 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-04-30. Figures cover plan year 2024. The plan document governs.
Plan features
2F ERISA 404(c) plan · 3H controlled-group sponsor · 2R participant brokerage window · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2E profit-sharing · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260212120324NAL0000135873001, received 2026-02-12
Full record, Medtronic Puerto Rico Employees' Savings and Investment Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MEDTRONIC PUERTO RICO OPERATIONS COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Plan name | MEDTRONIC PUERTO RICO EMPLOYEES' SAVINGS AND INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Sponsor EIN / plan number | 98-0355534 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Sponsor location | MINNEAPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Industry (business code) | 339110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Plan year | 2024-05-01 to 2025-04-30 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Filing received | 2026-02-12 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Participants, beginning of year | 5,906 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Active participants | 5,274 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Participants, end of year | 6,007 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Participants with an account balance | 6,000 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Total assets, beginning of year | $348,432,000 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Total assets, end of year | $386,102,000 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Net assets, end of year | $386,102,000 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Total income | $65,669,000 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Net income | $37,670,000 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Employer contributions | $16,411,000 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Participant contributions | $18,600,000 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Other contributions (incl. rollovers) | $285,000 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Total contributions | $35,296,000 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Benefit payments | $27,999,000 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Total expenses (incl. benefit payments) | $27,999,000 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Total administrative expenses | $0 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Administrative expenses excluding investment management | $0 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Held in master trusts | $373,259,000 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260212120324NAL0000135873001, received 2026-02-12 |
| Independent auditor | PRICEWATERHOUSECOOPERS LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260212120324NAL0000135873001, received 2026-02-12 |
Position = column in the DOL layout for form year 2024. Filing 20260212120324NAL0000135873001, received 2026-02-12.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $278,320 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $160,248 | no |
| PRICEWATERHOUSECOOPERS LLP | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $7,500 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20260212120324NAL0000135873001, received 2026-02-12.
Master trust
MEDTRONIC, INC. MASTER TRUST FUND (EIN 410793183, PN 006): plan interest $373,259,000, 2.7% of the trust. The trust's own filing (20260212120027NAL0000104978001, received 2026-02-12) reports net assets $13,769,845,000, administrative expenses $7,771,081, recordkeeping fees $0, investment management fees $7,755,145 and 1 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | 60 | $0 | $0 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $348,432,000 | $386,102,000 | 10.8% |
| Participants with a balance | 5,905 | 6,000 | 1.6% |
| Administrative expenses | $0 | $0 | |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $15,817,000 | $16,411,000 | 3.8% |
Prior filing 20250212153924NAL0037137520001, received 2025-02-12; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: MEDTRONIC PUERTO RICO OPERATIONS COMPANY; SEC registrant: Medtronic plc (CIK 1613103, matched by 11-K plan title; display name from the Form 11-K cover).