Assets by plan
Share of aggregate retirement assets
Sponsor portfolio
3M COMPANY
EIN 41-0417775mechanical or industrial engineeringLatest filing 2024
Plans
6
Retirement
3
$19.76B assets
Welfare
3
$20.1M premiums
Participants
128,444
3M CENTER, 223-6N-02 - ST. PAUL, MN 551441000651-733-10053m.comLinkedIn10001+ employeesmechanical or industrial engineering
Retirement portfolio analytics
3 plans aggregated / $19.76B assets / 67,905 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
Participants by plan
Active + retired + deferred vested
- 3M Savings (#013)2,330
Benefits portfolio analytics
3 plans / $20.1M premiums / 43,782 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Life$11.5M
- Vision$5.1M
- Other$3.2M
- Health$260K
- Dental$260K
Carrier market share
Premium dollars by Schedule A carrier
57%top
- SECURIAN LIFE INSURANCE COMPANY57%
- VISION SERVICE PLAN25%
- RELIASTAR LIFE INSURANCE COMPANY16%
- DELAWARE AMERICAN LIFE INSURANCE COMPANY1%
- BLUE CROSS OF CALIFORNIA0%
- +1 more
Broker market share
Schedule A broker compensation
55%top
- BENEPLACE, INC.55%
- AMERICAN BENEFITS CONSULTING LLC45%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#333
3M VOLUNTARY INVESTMENT PLAN AND EMPLOYEE STOCK OWNERSHIP PLAN
ESOP
Assets$10.60B
Participants40,574
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002
3M EMPLOYEE RETIREMENT INCOME PLAN
CashBalance
Assets$8.88B
Participants25,001
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#013
3M SAVINGS PLAN
401k
Assets$285.1M
Participants2,330
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#560
3M EMPLOYEE WELFARE BENEFIT PLAN
Mixed - SECURIAN LIFE INSURANCE COMPANY
Premiums$14.5M
Covered lives23,918
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#522
3M RETIREE WELFARE BENEFIT PLAN
Mixed - SECURIAN LIFE INSURANCE COMPANY
Premiums$5.6M
Covered lives19,864
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#951
3M U.S. JOB ELIMINATION SEVERANCE PAY PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans3
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 333 | 3M VOLUNTARY INVESTMENT PLAN AND EMPLOYEE STOCK OWNERSHIP PLAN | ESOP | $10.60B | 40,574 | 2024 | |
| 002 | 3M EMPLOYEE RETIREMENT INCOME PLAN | CashBalance | $8.88B | 25,001 | 2024 | |
| 013 | 3M SAVINGS PLAN | 401k | $285.1M | 2,330 | 2024 |
Welfare plans3
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 560 | 3M EMPLOYEE WELFARE BENEFIT PLAN | Mixed | SECURIAN LIFE INSURANCE COMPANY | $14.5M | 23,918 | 2024 | |
| 522 | 3M RETIREE WELFARE BENEFIT PLAN | Mixed | SECURIAN LIFE INSURANCE COMPANY | $5.6M | 19,864 | 2024 | |
| 951 | 3M U.S. JOB ELIMINATION SEVERANCE PAY PLAN | Self Funded | - | $0 | 0 | 2024 |
Retirement plans
Welfare plans