Plan Snapshot
- Plan Sponsor: 3m Company
- Sponsor EIN: 410417775
- Sponsor Address: 3M CENTER, ST. PAUL, MN, 551441000
- Plan Type: Health & Welfare
- Plan Number: 522
- Total Participants: 0
- Total Assets: $81.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $81.6M | $5.7M | $0 |
| 2023 | 0 | $173.3M | $5.3M | $0 |
| 2022 | 0 | $284.7M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $1,031,148 | — | $1,031,148 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $176,458 | — | $176,458 |
| 3M COMPANY | Other Service Provider | $123,044 | $616 | $123,660 |
| CLIFTONLARSONALLEN LLP | Auditor | $69,880 | — | $69,880 |
| NORTHERN TRUST INVESTMENTS | Other Service Provider | $56,729 | — | $56,729 |
| BANK OF NEW YORK MELLON | Other Service Provider | $47,171 | — | $47,171 |
| SEYFARTH SHAW LLP | Investment Advisor | $36,343 | — | $36,343 |
| KMPG LLP | Auditor | $33,120 | — | $33,120 |
| NEPC, LLC | Recordkeeper | $25,902 | — | $25,902 |
| PLANTE & MORAN, PLLC | Other Service Provider | $24,482 | — | $24,482 |
| STEVEN DOUGLAS ASSOCIATES LLC | Other Service Provider | $19,742 | — | $19,742 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
- SEYFARTH SHAW LLP — Investment Advisor
- KMPG LLP — Auditor
- NEPC, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,644,635
- Estimated Expense Ratio: 2.016% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,628,875 | $233,187 | — | $94,361 | — |
| 2023 | $2,507,770 | $364,348 | — | $104,150 | — |
| 2022 | $2,765,366 | $553,260 | $45,759 | — | $2,117,750 |