401(k) Monitor

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?

Medical devices and other manufacturing median$125.72
All published plans$122.17

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

The medical devices and other manufacturing plans this site submits to search engines come first, then the rest; each group is ranked by active participants. Assets are Schedule H total assets at end of plan year. Fee is plan-paid admin cost per participant. Amounts in USD.
PlanSponsorActive participantsAssetsFee ($)
Lockheed Martin Corporation Salaried Savings PlanLockheed Martin Corporation94,445$51.4B39.65
Johnson And Johnson Savings PlanJohnson And Johnson44,280$23.6B577.58
Honeywell 401(k) PlanHoneywell International Inc.44,069$16.3Bn/a
Medtronic Savings And Investment PlanMedtronic, Inc.38,035$13.7Bn/a
Stryker Corporation 401(k) Savings And Retirement PlanStryker Corporation26,501$7.9B112.75
Textron Savings PlanTextron Inc.26,117$6.1B46.37
Takeda Pharmaceutical U.S.A., Inc. Savings And Retirement PlanTakeda Pharmaceutical U.S.A., Inc.23,331$6.2B79.70
BD 401(k) PlanBecton, Dickinson And Company21,926$5.8B20.36
Boston Scientific Corporation 401(k) Retirement Savings PlanBoston Scientific Corporation21,923$6.8B77.65
3M Voluntary Investment Plan And Employee Stock Ownership Plan3M Company21,780$10.6B80.24
Lockheed Martin Corporation Performance Sharing Plan For Bargaining EmployeesLockheed Martin Corporation18,568$3.0B15.96
Air Liquide & Airgas 401(k) PlanAmerican Air Liquide Holdings, Inc.17,290$2.2B49.46
Philips North America 401(k) PlanPhilips North America LLC17,066$6.4B11.95
GE Healthcare Retirement Savings PlanGE Healthcare Technologies Inc.16,733$10.5B3.83
Stanley Black & Decker Retirement Account PlanStanley Black & Decker, Inc.16,084$2.5B74.15
Ashley Furniture Industries, LLC Profit Sharing 401(k) PlanAshley Furniture Industries, LLC15,474$527.9M60.74
Techtronic Industries 401(k) Retirement PlanTechtronic Industries North America, Inc.13,951$960.6M75.83
Samsung 401(k) PlanSamsung Electronics America, Inc.13,861$3.1B82.62
Corning Incorporated Investment PlanCorning Incorporated11,726$4.1B59.96
Solventum Voluntary Investment PlanSolventum Corporation11,390$2.6B11.91
Kimberly-Clark Corporation 401(k) & Profit Sharing PlanKimberly-Clark Corporation11,273$5.0B83.23
Steris Corporation 401(k) PlanSteris Corporation10,824$1.3B54.81
The Estee Lauder Companies 401(k) Savings PlanEstee Lauder, Inc.9,754$3.2B88.37
Alcon 401(k) Savings PlanAlcon Vision, LLC9,631$2.9B44.13
Sunrun Inc. 401(k) PlanSunrun Inc.9,452$366.3M90.87
Brunswick Rewards PlanBrunswick Corporation9,351$1.8B63.12
Newell Brands Employee Savings PlanNewell Operating Company9,070$1.8B58.88
Dupont Retirement Savings PlanDupont De Nemours, Inc.8,970$3.4B51.27
Jeld-Wen 401(k) Retirement Savings PlanJeld-Wen Holding, Inc.8,820$517.6M62.84
Wl Gore & Associates, Inc. 401(k) PlanW. L. Gore & Associates, Inc.8,777$2.0B48.08
Intuitive Surgical, Inc. 401(k) PlanIntuitive Surgical, Inc.8,736$1.0B73.74
Champion Home Builders, Inc. 401(k) Savings PlanChampion Home Builders, Inc.8,644$164.1M59.48
The Ametek Retirement And Savings PlanAmetek, Inc.8,402$1.9B109.85
Acna 401(k) PlanAtlas Copco North America LLC8,055$1.1B64.05
Edwards Lifesciences Corporation 401(k) Savings And Investment PlanEdwards Lifesciences Corporation7,995$1.9B149.88
Niagara Water Retirement PlanNiagara Bottling, LLC7,947$272.3M32.10
Zimmer Biomet Holdings, Inc. Savings And Investment 401(k) ProgramZimmer Biomet Holdings, Inc.7,103$1.5B91.62
Millerknoll Retirement PlanMillerknoll, Inc.7,001$1.4B122.46
Hni Corporation 401(k) PlanHni Corporation6,819$1.5B54.32
Idexx Retirement And Incentive Savings PlanIdexx Laboratories, Inc.6,742$1.2B95.33
Lockheed Martin Corporation Hourly Employee Savings Plan PlusLockheed Martin Corporation6,626$1.2B9.53
La-Z-Boy Incorporated Retirement Savings PlanLa-Z-Boy Incorporated6,609$351.3M73.80
Woodward Retirement Savings PlanWoodward, Inc.6,574$2.0B123.95
Leonardo Drs, Inc. 401(k) PlanLeonardo Drs, Inc.6,516$1.3B186.18
Biomerieux, Inc. Employee Savings PlanBiomerieux, Inc.6,473$1.1B103.27
Cabinetworks Group 401(k) PlanCabinetworks Group, Inc.6,374$367.6M72.27
Smith & Nephew U.S. Savings PlanSmith And Nephew, Inc.6,284$1.5B123.80
American Woodmark Corporation Retirement Savings PlanAmerican Woodmark Corporation6,263$362.4M57.50
Awp, Inc. 401(k) PlanAwp, Inc.6,208$26.4M81.61
Arthrex 401(k) Retirement Savings PlanArthrex, Inc.6,028$540.1M43.12
Autodesk 401(k) PlanAutodesk, Inc.5,920$2.0B117.26
B. Braun Medical Inc. Savings PlanB. Braun Medical Inc.5,781$977.3M95.10
Cavco Industries, Inc. 401(k) PlanCavco Industries, Inc.5,701$181.8M55.63
Zoll Medical Corporation Employee Savings PlanZoll Medical Corporation5,380$782.0Mn/a
Dexcom, Inc. 401(k) PlanDexcom Inc.5,331$448.9Mn/a
Medtronic Puerto Rico Employees' Savings And Investment PlanMedtronic Puerto Rico Operations Company5,274$386.1Mn/a
Leggett & Platt, Incorporated 401(k) Plan And Trust AgreementLeggett & Platt, Incorporated4,880$374.5M70.09
The 401(k) Retirement Plan Of Heidelberg Materials USHm US Services, LLC4,871$798.5M110.42
Kohler Co. 401(k) Savings PlanKohler Co. & Subsidiaries4,707$263.9M117.45
Olympus Corporation Of The Americas 401(k) Savings PlanOlympus Corporation Of The Americas4,648$1.1B207.84

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.

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.

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.