I am up in the air about this one.
This is really tough, had you given Naruto his KM I might have said Team Jiraiya. As it is now though, I think that Minato can take on any of the three as long as it is one v. one.
Same with Itachi, who actually has it fairly easy as all of Team Jiraiya are pretty weak to genjutsu. Sasuke might be able to take on Naruto in SM, but honestly I doubt it, he is the only weak link for Team Minato.
Here is how I see a battle playing out. Minato throws FTG kunai everywhere but leaves some on him to use later. I mean he is already normally faster than any character in this fight but he needs to FTG to dodge Shinra Tensei.
Itachi uses genjutsu on Naruto to either pull him out of the battle or make him attack his teammates. It needn't be Tsukuyomi as Naruto has literally no defense against genjutsu.
This leaves Naruto open for an attack, unless Itachi wants him to attack Jiraiya. This also leaves Itachi open to use genjutsu on any of the paths of Pain or to use genjutsu on Jiraiya.
Sasuke can be used as a distraction, but I think he could take out some of the paths of Pain, as long as he wasn't the only one facing Pain.
Amaterasu can take out any Path except Deva (shinra tensei) and Preta (the one who absorbs chakra). MS Sasuke can do that, and while using the 6 paths Pain cannot make Preta be everywhere to absorb ninjutsu.
While Sasuke is taking out some of the Paths, Minato is literally the perfect ninja to fight Preta and Deva Path. Using FTG he could easily teleport away from shinra tensei, and he is more than fast enough to tag Preta path with a seal on it's body. When I say he can teleport away from shinra tensei, I mean he can teleport to the nearest kunai or tagged person to escape shinra tensei and then go for the five second interval, or he can throw multiple kunai and teleport from one to the next to escape the push (or pull).
And like I said before Naruto is the best opponent for Itachi because naruto has literally no defense against genjutsu and Itachi is the master of it. So Naruto would be taken out of the picture very quickly. Itachi's style is to usually start off the fight with genjutsus to end it quickly, making the opponent either attack themselves or be caught completely unawares. And jiraiya is no match for Itachi because of his MS abilities and because Jiraiya is also weak against genjutsu and summons can be caught in genjutsu as well, even high level ones (Sasuke caught Manda in one instantly and Sasuke is nowhere near Itachi's genjutsu level)