Plan Snapshot
- Plan Sponsor: 3m Company
- Sponsor EIN: 410417775
- Sponsor Address: 3M CENTER, ST. PAUL, MN, 551441000
- Plan Type: DB
- Total Participants: 6,472
- Total Assets: $8.9B
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 | 6,472 | $8.9B | $0 | $0 |
| 2023 | 9,132 | $14.3B | $0 | $0 |
| 2022 | 10,638 | $14.0B | $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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $155,804 | — | $155,804 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,804
- Estimated Expense Ratio: 0.002% 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 | $83,300,302 | $28,314,625 | — | $155,804 | — |
| 2023 | $77,244,140 | $21,777,867 | — | $124,010 | — |
| 2022 | $44,749,026 | $29,276,938 | $1,900,211 | — | $5,763,601 |