Medtronic Puerto Rico Operations Company 401(k) Plan: Login, Facts & Contact Information

Medtronic Puerto Rico Operations Company 401(k) Plan Facts

Plan name
MEDTRONIC PUERTO RICO EMPLOYEES' SAVINGS AND INVESTMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MEDTRONIC PUERTO RICO OPERATIONS COMPANY
Participants
5,906 (5,274 active employees)
Former employees with a balance
711
Plan assets
$386,102,000 at Apr 30, 2025
Average account balance
$64,350 across 6,000 accounts
Employer contributions
$16,411,000 in plan year 2024 (47% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
May 1, 2024 – Apr 30, 2025
Plan established
May 1, 1983
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (May 1, 2024 – Apr 30, 2025), filed Feb 12, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $35.3 million went into the plan in contributions, $16.4 million of it from the employer (47%).
  • $28.0 million was paid out to participants.
  • Investment and other income added $30.4 million.

How the Medtronic Puerto Rico Operations Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20194,526$231.4 million$11.7 million$12.1 million
20204,529$303.4 million$13.0 million$27.2 million
20214,822$301.3 million$13.6 million$17.2 million
20225,351$304.4 million$14.8 million$31.8 million
20235,594$348.4 million$15.8 million$21.5 million
20245,906$386.1 million$16.4 million$28.0 million

Medtronic Puerto Rico Operations Company 401(k) Contact Information

Phone
763-514-4000
Mailing address
710 MEDTRONIC PARKWAY NE MS LC245, MINNEAPOLIS MN 55432
Plan sponsor
MEDTRONIC PUERTO RICO OPERATIONS COMPANY
Employer identification number (EIN)
98-0355534
Plan number
001

Questions about the Medtronic Puerto Rico Operations Company 401(k)

Does Medtronic Puerto Rico Operations Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $16.4 million, 47% of all contributions.

Does the Medtronic Puerto Rico Operations Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Medtronic Puerto Rico Operations Company 401(k) plan?

5,906 participants at the start of plan year 2024, 5,274 of them active employees, and 711 former employees who still had money in the plan.

What is the average 401(k) balance at Medtronic Puerto Rico Operations Company?

About $64,350 per account: $386.1 million in plan assets across 6,000 accounts with a balance at the end of plan year 2024.

Who manages the Medtronic Puerto Rico Operations Company 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Medtronic Puerto Rico Operations Company. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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