Your Medtronic 401k Plan Company Contributions Explained
By Emily Peterson•Investments•READ TIME: 2 MinListen to Your Medtronic 401k Plan Company Contributions Explained
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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. Including, 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. He explains why contributing at least 6% of your salary is essential to getting the full employer match. Matt 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.
Key Topics We Discuss:
📊 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
Timestamps:
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
Resources for Your Medtronic 401k Plan Company Contributions Explained
5 Ways to Maximize Your Medtronic 401k Plan
Additional Resources
📞Phone: (952) 225-0333
📧 Email: [email protected]
📚 Essential Financial Guides
📌5 Ways to Maximize Your Medtronic 401k Plan Guide: https://perspective6group.com/guide/
📌Stock Compensation Tax Form Checklist: https://perspective6group.com/stock-compensation-tax-checklist/
📌ESPP: A Comprehensive Guide: https://perspective6group.com/espp-guide/
📌Check out our other no-cost financial resources here: https://perspective6group.com/resource-center/
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