Your Medtronic 401k Plan Company Contributions Explained

By Perspective 6 Group | March 25, 2025

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Do you know if you are getting all of the contributions available to you in your Medtronic 401k? We’ve been getting a lot of questions about how to optimize the Medtronic 401K plan so we’re going to give you an advisor’s take on how it works and the settings that every employee should be checking.

In this video, Matt walks through Medtronic’s three contribution types- core contributions, base match, and discretionary match- and explains why contributing at least 6% of your salary is essential to getting the full employer match. He also covers how to adjust your contribution settings, use auto-escalation, and take advantage of catch-up contributions based on your age.

If you’re a Medtronic employee, make sure you watch this video and the rest of our series covering Medtronic essentials.

Here’s some of what we discuss in this episode:

📊 Employer Matching Breakdown – Core, base, and discretionary contributions explained

⚠️ Are You Contributing Enough? – Why 6% is the magic number

🔄 Auto-Escalation & Catch-Up Contributions

📈 Plan Maximums for 2025

0:00 – Intro

0:54 – Contribution Breakdown

2:41 – What’s the match worth to you?

4:02 – Check your account settings

6:15 – Max contributions in 2025

7:29 – Recap