Planning for retirement is a partnership between you and Medtronic. Through our competitive Medtronic 401(k) Plan, the company helps you build financial security by matching 50% of the first 6% you save. Legacy Covidien employees and those hired after January 1, 2016 receive an additional contribution each year called the Medtronic Core Contribution.*
Fidelity is the plan administrator for the Medtronic 401(k) Plan. If you have questions related to the Plan, call the Fidelity Service Center at (877) 902-0022 or log on to the NetBenefits website.
As a Medtronic employee, there are several ways that you can build retirement savings, including:
- Your savings
- Medtronic matching contributions
- Medtronic core contributions
In order to save for retirement, it’s also important that you understand and review your investment and vesting options for your savings to ensure you’re getting the most out of your retirement plan.
*If you are a legacy Medtronic employee you may be a participant in the Personal Investment Account (PIA), Personal Pension Account (PPA) or Medtronic Retirement Plan (MRP) instead of the MCC. To access the PIA, go to Fidelity Service Center. To access the MRP/PPA, go to the Retirement Service Center for more information.