Medtronic Employee Benefit: 401K Plan | Glassdoor

Medtronic 401K Plan

Updated Jan 20, 2016

304 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 77
  • Mar 19, 2019
    StarStarStarStarStar Current Employee in Minneapolis, Minnesota

    Can not pick your own funds, that's what I have heard from Medtronic employees. I don't get benefits from Medtronic.

  • Jan 16, 2019
    StarStarStarStarStar Current Employee in Boulder, Colorado

    Good matching percentage. The account opens automatically for you, and employee needs to choose amount of contribution

  • Dec 06, 2018
    StarStarStarStarStar Current Senior in North Haven, Connecticut

    Regular 401k plan which other companies offer

  • Oct 17, 2018
    StarStarStarStarStar Current Senior Product Engineer in Tempe, Arizona

    LOL, they royally screwed us on this this year by leaving Vanguard funds to create their own crap funds. We do get a company wide performance based match though.

  • Aug 23, 2018
    StarStarStarStarStar Current Project Analyst in Fridley, Minnesota

    Great match at 6.5%, appreciate the tiered vesting schedule of 20% at 1 year, 40% at two years and 100% at 3 years. The only downside is the three year vesting period may be difficult to attain since the company runs lean and has a reputation for downsizing or utilizing contractors rather than full time employees.

  • Jul 07, 2018
    StarStarStarStarStar Former Sales Representative in Houston, Texas

    401k match, diverse plan and fund choices, can make changes as needed

  • Jun 17, 2018
    StarStarStarStarStar Current Employee in North Haven, Connecticut

    Match only 3% per paycheck. Some companies match 50% whatever you decide. You want 10% of your check to go to 401k & the company matches 5%. Medtronic STICKS at 3% no matter whether you pick 6% or 12%. HR recruiter completely misrepresented the 401k plan when she explained the benefits on the offer. Makes a big difference if you work here for 20 years. That could be the difference between feeling safe enough to retire at 60 or wait until you are 63. At least they have a pension.

  • May 07, 2018
    StarStarStarStarStar Current Manufacturing Supervisor in North Haven, Connecticut

    Matches 0.5% of each 1% up to 6%. Last year they provided a bonus at the end of the year straight into your 401(k) because of how well stock had done.

  • Apr 01, 2018
    StarStarStarStarStar Current Senior Process Engineer in Eatontown, New Jersey

    4.5 % average match per year

  • Mar 20, 2018
    StarStarStarStarStar Former Employee in Los Angeles, California

    Company matches the 401K Contributions

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