PlanOptica
Retirement plan

3M EMPLOYEE RETIREMENT INCOME PLAN

3M COMPANYEIN 41-0417775Plan #002PY 2024
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3M CENTER, 223-6N-02 - ST. PAUL, MN 551441000651-733-10053m.comLinkedIn10001+ employeesmechanical or industrial engineering
Other plans on this EIN
3 filings
#333Retirement-$10.60B assets#013Retirement-$285.1M assets#006Retirement--
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(651) 733-1005
Plan administrator signer
DEIDRE REHFELD
Signed 10/15/2025
How to read this page

Summary metrics

Total assets (EOY)
$8878.7M
-1.9% from 2016
Total participants
25,001
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
-16.05%
-8.72 pp from 2016

Benchmarks

See 186 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort186 peers
Snapshot2024
Participant deferral / active EE
$0
median $247
Employer contribution / active EE
$0
median $6,320
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-16.05%
median 6.71%
Overall peer rank
1st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$8.88B
Average account balance
Total assets / participants with a balance (line 6g)
$355K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
18,529
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$800.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$44K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-16.05%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
FALCON STRATEGIC PARTNERS IV1 year
Service code 28 · EIN 47-4102851
Investment Management
$4,506,670
PACIFIC INVESTMENT MANAGEMENT COMPA4 years
Service code 28 · EIN 33-0629048
Investment Management
$4,506,670
INDEPENDENT FRANCHISE PARTNERS1 year
Service code 28 · EIN 98-0682628
Investment Management
$2,693,841
WILLIS TOWERS WATSON3 years
Service code 15 · EIN 53-0181291
Recordkeeping
$2,245,114
THE BANK OF NEW YORK MELLON4 years
Service code 18 · EIN 13-5160382
Custodial (other than securities); Di...
$2,193,485
CRESTVIEW III, LLP1 year
Service code 28 · EIN 82-4071574
Investment Management
$2,034,492
NISA INVESTMENT ADVISORS, LLC10+ years
Service code 28 · EIN 48-1140940
Investment Management
$1,803,840
DODGE & COX10+ years
Service code 28 · EIN 94-1441976
Investment Management
$1,706,700
AON CONSULTING INC.4 years
Service code 16 · EIN 36-2235791
Consulting
$1,640,699
3M COMPANY10+ years
Service code 14 · EIN 41-0417775
Plan Administrator
$1,544,220

Enrolled actuary

1 attachment
SB

VLAD SACHELARIE

AON CONSULTING, INC.
Enrollment #2307106
MSC# 17819, AON
PO BOX 19640
IRVINE, CA 92623
(952) 886-8000
Signed 2025-10-07

Plan features & details

Pension benefit codes1A1C1E3H3J
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$83.3M
$12871 / participant
  • Recordkeeping$2M2.7%
  • Trustee / custodial$2M2.6%
  • Investment mgmt$28M34.0%
  • Legal$161K0.2%
  • Actuarial$2M2.0%
  • Salaries / allowances$2M1.9%
  • Other / not subdivided$47M56.7%
% of EOY assets
0.938%
all-in expense ratio
Categories reported
6 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CLIFTONLARSONALLEN LLP
Auditor EIN
410746749
Audit fees
$155,804
Opinion code
Unqualified