Medical devices and other manufacturing 401(k) plans
The median 401(k) plan in medical devices and other manufacturing paid $125.72 per participant per year in plan-paid administrative fees, computed from 1,386 of the 1,455 medical devices and other manufacturing plans published here, form year 2024.
Computed from DOL EFAST2 Form 5500 bulk data, not surveys. The 57,824 plans published so far are a subset of the 57,824 large plans in the form-year-2024 data, so this median describes the published subset, not the whole industry.
$125.72
Median plan-paid administrative cost per participant per year among 1,386 medical devices and other manufacturing plans with usable fee data, form year 2024.
$3.55 above the $122.17 median across all published plans.
How do medical devices and other manufacturing 401(k) fees compare?
Plan size drives fees more than industry does: bigger plans pay less per head. See median fees by plan size before reading an industry gap as an industry effect.
60 of the biggest medical devices and other manufacturing 401(k) plans
| Plan | Sponsor | Active participants | Assets | Fee ($) |
|---|---|---|---|---|
| Lockheed Martin Corporation Salaried Savings Plan | Lockheed Martin Corporation | 94,445 | $51.4B | 39.65 |
| Johnson And Johnson Savings Plan | Johnson And Johnson | 44,280 | $23.6B | 577.58 |
| Honeywell 401(k) Plan | Honeywell International Inc. | 44,069 | $16.3B | n/a |
| Medtronic Savings And Investment Plan | Medtronic, Inc. | 38,035 | $13.7B | n/a |
| Stryker Corporation 401(k) Savings And Retirement Plan | Stryker Corporation | 26,501 | $7.9B | 112.75 |
| Textron Savings Plan | Textron Inc. | 26,117 | $6.1B | 46.37 |
| Takeda Pharmaceutical U.S.A., Inc. Savings And Retirement Plan | Takeda Pharmaceutical U.S.A., Inc. | 23,331 | $6.2B | 79.70 |
| BD 401(k) Plan | Becton, Dickinson And Company | 21,926 | $5.8B | 20.36 |
| Boston Scientific Corporation 401(k) Retirement Savings Plan | Boston Scientific Corporation | 21,923 | $6.8B | 77.65 |
| 3M Voluntary Investment Plan And Employee Stock Ownership Plan | 3M Company | 21,780 | $10.6B | 80.24 |
| Lockheed Martin Corporation Performance Sharing Plan For Bargaining Employees | Lockheed Martin Corporation | 18,568 | $3.0B | 15.96 |
| Air Liquide & Airgas 401(k) Plan | American Air Liquide Holdings, Inc. | 17,290 | $2.2B | 49.46 |
| Philips North America 401(k) Plan | Philips North America LLC | 17,066 | $6.4B | 11.95 |
| GE Healthcare Retirement Savings Plan | GE Healthcare Technologies Inc. | 16,733 | $10.5B | 3.83 |
| Stanley Black & Decker Retirement Account Plan | Stanley Black & Decker, Inc. | 16,084 | $2.5B | 74.15 |
| Ashley Furniture Industries, LLC Profit Sharing 401(k) Plan | Ashley Furniture Industries, LLC | 15,474 | $527.9M | 60.74 |
| Techtronic Industries 401(k) Retirement Plan | Techtronic Industries North America, Inc. | 13,951 | $960.6M | 75.83 |
| Samsung 401(k) Plan | Samsung Electronics America, Inc. | 13,861 | $3.1B | 82.62 |
| Corning Incorporated Investment Plan | Corning Incorporated | 11,726 | $4.1B | 59.96 |
| Solventum Voluntary Investment Plan | Solventum Corporation | 11,390 | $2.6B | 11.91 |
| Kimberly-Clark Corporation 401(k) & Profit Sharing Plan | Kimberly-Clark Corporation | 11,273 | $5.0B | 83.23 |
| Steris Corporation 401(k) Plan | Steris Corporation | 10,824 | $1.3B | 54.81 |
| The Estee Lauder Companies 401(k) Savings Plan | Estee Lauder, Inc. | 9,754 | $3.2B | 88.37 |
| Alcon 401(k) Savings Plan | Alcon Vision, LLC | 9,631 | $2.9B | 44.13 |
| Sunrun Inc. 401(k) Plan | Sunrun Inc. | 9,452 | $366.3M | 90.87 |
| Brunswick Rewards Plan | Brunswick Corporation | 9,351 | $1.8B | 63.12 |
| Newell Brands Employee Savings Plan | Newell Operating Company | 9,070 | $1.8B | 58.88 |
| Dupont Retirement Savings Plan | Dupont De Nemours, Inc. | 8,970 | $3.4B | 51.27 |
| Jeld-Wen 401(k) Retirement Savings Plan | Jeld-Wen Holding, Inc. | 8,820 | $517.6M | 62.84 |
| Wl Gore & Associates, Inc. 401(k) Plan | W. L. Gore & Associates, Inc. | 8,777 | $2.0B | 48.08 |
| Intuitive Surgical, Inc. 401(k) Plan | Intuitive Surgical, Inc. | 8,736 | $1.0B | 73.74 |
| Champion Home Builders, Inc. 401(k) Savings Plan | Champion Home Builders, Inc. | 8,644 | $164.1M | 59.48 |
| The Ametek Retirement And Savings Plan | Ametek, Inc. | 8,402 | $1.9B | 109.85 |
| Acna 401(k) Plan | Atlas Copco North America LLC | 8,055 | $1.1B | 64.05 |
| Edwards Lifesciences Corporation 401(k) Savings And Investment Plan | Edwards Lifesciences Corporation | 7,995 | $1.9B | 149.88 |
| Niagara Water Retirement Plan | Niagara Bottling, LLC | 7,947 | $272.3M | 32.10 |
| Zimmer Biomet Holdings, Inc. Savings And Investment 401(k) Program | Zimmer Biomet Holdings, Inc. | 7,103 | $1.5B | 91.62 |
| Millerknoll Retirement Plan | Millerknoll, Inc. | 7,001 | $1.4B | 122.46 |
| Hni Corporation 401(k) Plan | Hni Corporation | 6,819 | $1.5B | 54.32 |
| Idexx Retirement And Incentive Savings Plan | Idexx Laboratories, Inc. | 6,742 | $1.2B | 95.33 |
| Lockheed Martin Corporation Hourly Employee Savings Plan Plus | Lockheed Martin Corporation | 6,626 | $1.2B | 9.53 |
| La-Z-Boy Incorporated Retirement Savings Plan | La-Z-Boy Incorporated | 6,609 | $351.3M | 73.80 |
| Woodward Retirement Savings Plan | Woodward, Inc. | 6,574 | $2.0B | 123.95 |
| Leonardo Drs, Inc. 401(k) Plan | Leonardo Drs, Inc. | 6,516 | $1.3B | 186.18 |
| Biomerieux, Inc. Employee Savings Plan | Biomerieux, Inc. | 6,473 | $1.1B | 103.27 |
| Cabinetworks Group 401(k) Plan | Cabinetworks Group, Inc. | 6,374 | $367.6M | 72.27 |
| Smith & Nephew U.S. Savings Plan | Smith And Nephew, Inc. | 6,284 | $1.5B | 123.80 |
| American Woodmark Corporation Retirement Savings Plan | American Woodmark Corporation | 6,263 | $362.4M | 57.50 |
| Awp, Inc. 401(k) Plan | Awp, Inc. | 6,208 | $26.4M | 81.61 |
| Arthrex 401(k) Retirement Savings Plan | Arthrex, Inc. | 6,028 | $540.1M | 43.12 |
| Autodesk 401(k) Plan | Autodesk, Inc. | 5,920 | $2.0B | 117.26 |
| B. Braun Medical Inc. Savings Plan | B. Braun Medical Inc. | 5,781 | $977.3M | 95.10 |
| Cavco Industries, Inc. 401(k) Plan | Cavco Industries, Inc. | 5,701 | $181.8M | 55.63 |
| Zoll Medical Corporation Employee Savings Plan | Zoll Medical Corporation | 5,380 | $782.0M | n/a |
| Dexcom, Inc. 401(k) Plan | Dexcom Inc. | 5,331 | $448.9M | n/a |
| Medtronic Puerto Rico Employees' Savings And Investment Plan | Medtronic Puerto Rico Operations Company | 5,274 | $386.1M | n/a |
| Leggett & Platt, Incorporated 401(k) Plan And Trust Agreement | Leggett & Platt, Incorporated | 4,880 | $374.5M | 70.09 |
| The 401(k) Retirement Plan Of Heidelberg Materials US | Hm US Services, LLC | 4,871 | $798.5M | 110.42 |
| Kohler Co. 401(k) Savings Plan | Kohler Co. & Subsidiaries | 4,707 | $263.9M | 117.45 |
| Olympus Corporation Of The Americas 401(k) Savings Plan | Olympus Corporation Of The Americas | 4,648 | $1.1B | 207.84 |
All 1,455 medical devices and other manufacturing plans on file are listed below by size, and every one of them is searchable from the home page.
Every Medical devices and other manufacturing plan, by size
The table above is the top of the list. These 7 pages hold all 1,455 plans on file in medical devices and other manufacturing, split by how many people are in them, each ranked by active participants.
- 100 to 499 participants · 931 plans
- 500 to 999 participants · 219 plans
- 1,000 to 4,999 participants · 220 plans
- 5,000 or more participants · 85 plans
Which medical devices and other manufacturing companies disclose their 401(k) match?
For these 6 employers we also read the SEC Form 11-K and extracted the match terms, matched to this industry by the plan’s EIN.
- Becton, Dickinson and Company
75% of the first 6% of pay
- Boston Scientific Corporation
200% of the first 2% of pay, then 50% of the next 4% of pay
- KENNAMETAL INC
100% (dollar-for-dollar) of the first 6% of pay
- Kimberly-Clark Corporation
100% (dollar-for-dollar) of the first 5% of pay
- LEGGETT & PLATT INC
50% of contributions (matched-pay ceiling not stated in the filing) (partly disclosed)
- Textron
50% of the first 10% of pay
Which employers count as medical devices and other manufacturing here?
Furniture and miscellaneous manufacturing (codes 337000 to 339999), which includes medical equipment and supplies (339110). Sponsors here include Boston Scientific, Becton Dickinson and Textron.
The code is the IRS principal business activity code the sponsor itself puts on Form 5500, line 2d. Medians count only plans whose Schedule H shows a positive plan-paid administrative expense (1,386 of 1,455 plans here). Plan-paid expenses exclude fund expense ratios and employer-paid bills, so every figure is a floor, not the all-in cost. Latest filing in this group received by the DOL July 9, 2026; source dataset last refreshed July 28, 2026. Full methodology
Cite this page
401(k) Monitor, “Medical devices and other manufacturing 401(k) plans: median plan-paid administrative cost per participant”, computed from DOL EFAST2 Form 5500 bulk data, form year 2024.