PlanOptica
Retirement plan

3M SAVINGS PLAN

3M COMPANYEIN 41-0417775Plan #013PY 2015
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3M CENTER BLDG 224-2W-15 - ST PAUL, MN 551441000651-737-46113m.comLinkedIn10001+ employeesmechanical or industrial engineering
Other plans on this EIN
3 filings
#002Retirement-$15.27B assets#333Retirement-$10.05B assets#006Retirement--
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(651) 737-4611
Plan administrator signer
MICHAEL ANDERSON
Signed 10/13/2016
How to read this page

Summary metrics

Total assets (EOY)
$270M
-5.9% from 2016
Total participants
2,962
+2.6% from 2016
Average account balance
$96,786
-8.4% from 2016
Annual return
-2.94%
-12.52 pp from 2016

Benchmarks

See 742 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort742 peers
Snapshot2015
Participant deferral / active EE
$5,025
median $3,659
Employer contribution / active EE
$1,609
median $1,862
Participation rate
92.4%
median 92.4%
Avg account balance
$96,786
median $60,160
Admin fee / account holder
$125
median $34
Annual return
-2.94%
median 0.65%
Overall peer rank
42nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$285.12M
Average account balance
Total assets / participants with a balance (line 6g)
$124K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,300
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.1%
Contributions (total)
Employer and participant dollars contributed each year
$16.67M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.81%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$55
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 8 by compensation
ProviderService typeCompensation
BLACKROCK INSTITUTIONAL TRUST CO1+ years
Service code 28 · EIN 94-3112180
Investment Management
$90,558
HEWITT ASSOCIATES LLC1+ years
Service code 15 · EIN 36-2235791
Recordkeeping
$88,096
STATE STREET GLOBAL ADVISORS1+ years
Service code 18 · EIN 04-1867445
Custodial (other than securities); Cu...
$67,965
PACIFIC INVESTMENT MANAGEMENT CO1+ years
Service code 28 · EIN 33-0629048
Investment Management
$35,383
JENNISON ASSOCIATES LLC1+ years
Service code 28 · EIN 22-2540245
Investment Management
$32,444
GALLIARD CAPITAL MANAGEMENT, INC.1+ years
Service code 28 · EIN 41-1813702
Investment Management
$10,728
3M COMPANY1+ years
Service code 14 · EIN 41-0417775
Plan Administrator
$5,631
ERNST & YOUNG LLP1+ years
Service code 50 · EIN 34-6565596
Direct Payment
$5,040

Plan features & details

Pension benefit codes2E2H2J2K2S2T3H3I
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2H
    Partial participant-directed account plan
    Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3I
    Employer securities investment required
    Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped
  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$348K
$154 / participant
  • Investment mgmt$208K59.7%
  • Contract admin$112K32.1%
  • Other / not subdivided$29K8.2%
% of EOY assets
0.129%
all-in expense ratio
Categories reported
2 / 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
(not subdivided)
Opinion code
Unqualified