MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN

Plan Contact

  • Address: 710 MEDTRONIC PARKWAY NE,,MINNEAPOLIS,MN
  • Contact person: DENISE KING, DIRECTOR, US BENEFITS
  • Phone: (763) 514-4000

Plan General Information

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Total Retirement Plan Assets

At the end of 2011, the total retirement plan assets of MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is $3,747,733,000.00.This plan was established in 1989.

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Total Number of Retirement Plan Participants

At the end of 2011, the total number of retirement plan participants in MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is 29807

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Average Participant Retirement Account Value

In 2011, the average participant retirement account value for MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is $125,733.00

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is $13,088.00.

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Estimated Average Employer Match

In 2011, the estimated average employer match for an employee in MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is approximately $3,952.00
Investing in this additonal $3,952.00 for 20 years would give you extra $252,983.00, assuming a 10% annual return.

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate

In 2011, MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN allocates $117,823,000.00 to match its employees' contributions, providing an employer match rate of 60.40% of their contributions

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Total Retirement Plan Asset Growth Rate

In 2011, the total retirement plan asset growth rate of MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is 17.90%.

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2011, the estimated aggregate retirement account investment gain/loss for MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is 12.69%. This measures the effectiveness of the plan participants' investments in the year.

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN Expense Ratio

In 2011, the investment and administrative expense ratio of MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN is 0.03%.

Enrollment Features

MEDTRONIC, INC. SAVINGS AND INVESTMENT PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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