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 |
|---|---|---|---|---|
| FALCON INVESTMENT ADVISORS, LLC | Other Service Provider | — | $5,892,558 | $5,892,558 |
| FALCON STRATEGIC PARTNERS IV | Other Service Provider | $4,506,670 | — | $4,506,670 |
| PACIFIC INVESTMENT MANAGEMENT COMPA | Other Service Provider | $4,506,670 | — | $4,506,670 |
| NB ALTERNATIVE ADVISERS, LLC | Other Service Provider | — | $3,450,257 | $3,450,257 |
| INDEPENDENT FRANCHISE PARTNERS | Other Service Provider | $2,693,841 | — | $2,693,841 |
| WILLIS TOWERS WATSON | Recordkeeper | $2,245,114 | — | $2,245,114 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $2,193,485 | — | $2,193,485 |
| CRESTVIEW III, LLP | Other Service Provider | $2,034,492 | — | $2,034,492 |
| ARSENAL CAPITAL MANAGEMENT LP | Other Service Provider | $694,156 | $1,334,480 | $2,028,636 |
| NISA INVESTMENT ADVISORS, LLC | Other Service Provider | $1,803,840 | — | $1,803,840 |
| DODGE & COX | Other Service Provider | $1,706,700 | — | $1,706,700 |
| AON CONSULTING INC. | Recordkeeper | $1,640,699 | — | $1,640,699 |
| 3M COMPANY | Other Service Provider | $1,544,220 | $4,010 | $1,548,230 |
| BCP ENERGY SERVICES | Other Service Provider | $1,365,780 | — | $1,365,780 |
| ACADIAN ASSET MANAGEMENT LLC | Other Service Provider | $1,349,702 | — | $1,349,702 |
| DOUBLELINE CAPITAL LP | Other Service Provider | $1,336,694 | — | $1,336,694 |
| GSO ENERGY SELECT | Other Service Provider | $1,292,927 | — | $1,292,927 |
| GSO CAPITAL OPP FUND III LP | Other Service Provider | $1,032,545 | — | $1,032,545 |
| BAILLIE GIFFORD OVERSEAS LTD | Other Service Provider | $999,986 | — | $999,986 |
| OAKTREE STRATEGIC CREDIT | Other Service Provider | $946,602 | — | $946,602 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $761,849 | — | $761,849 |
| WESTERN ASSET | Other Service Provider | $436,088 | — | $436,088 |
| WELLINGTON MANAGEMENT COMPANY, LLP | Other Service Provider | $376,624 | — | $376,624 |
| NEPC, LLC | Recordkeeper | $331,583 | — | $331,583 |
| KPMG | Auditor | $327,279 | — | $327,279 |
| INNOVATION LANE LP | Other Service Provider | $313,934 | — | $313,934 |
| BRENTWOOD ASSOCIATES PRIVATE | Other Service Provider | $299,947 | — | $299,947 |
| LEGAL & GENERAL INVESTMENT MANAGEME | Other Service Provider | $188,340 | — | $188,340 |
| STEVEN DOUGLAS ASSOCIATES, LLC | Other Service Provider | $188,090 | — | $188,090 |
| NXT CAPITAL SENIOR LOAN FUND V FEE | Other Service Provider | — | $187,568 | $187,568 |
| SEYFARTH SHAW LLP | Investment Advisor | $160,753 | — | $160,753 |
| BURGISS GROUP LLC | Other Service Provider | $93,000 | — | $93,000 |
| CLIFTONLARSONALLEN LLP | Auditor | $81,113 | — | $81,113 |
| STARWOOD X MANAGEMENT, LP | Other Service Provider | $73,974 | — | $73,974 |
| THE ROCK CREEK GROUP | Other Service Provider | $68,542 | — | $68,542 |
| BACKSTOP SOLUTIONS GROUP, LLC | Other Service Provider | $63,314 | — | $63,314 |
| GSO CAPITAL OPPS II | Other Service Provider | $54,097 | — | $54,097 |
| BLOOMBERG FINANCE LP | Other Service Provider | $50,800 | — | $50,800 |
| MERCER INVESTMENTS LLC | Other Service Provider | $47,362 | — | $47,362 |
| STARWOOD IX MANAGEMENT LP | Other Service Provider | $44,160 | — | $44,160 |
| P&M HOLDING GROUP LLP | Other Service Provider | $37,750 | — | $37,750 |
| DELOITTE CONSULTING LLP | Other Service Provider | $31,654 | — | $31,654 |
| T. ROWE PRICE ASSOCIATES, INC. | Other Service Provider | $23,764 | — | $23,764 |
| FACTSET RESEARCH SYSTEMS, INC. | Other Service Provider | $19,720 | — | $19,720 |
| ENCAP ENERGY VIII | Other Service Provider | $16,279 | — | $16,279 |
| CVC CAPITAL VI | Other Service Provider | $10,283 | — | $10,283 |
| HEDGE FUND RESEARCH, INC. (HFR, INC | Other Service Provider | $8,032 | — | $8,032 |
| HR ADVANTAGE | Other Service Provider | $7,858 | — | $7,858 |
| COMMITTEE ON INVESTMENT OF EMPLOYEE | Other Service Provider | $7,301 | — | $7,301 |
| INTELLIGO GROUP USA CORP | Other Service Provider | $6,557 | — | $6,557 |
| ERNST & YOUNG U.S. LLP | Auditor | $5,288 | — | $5,288 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
- AON CONSULTING INC. — Recordkeeper
- NEPC, LLC — Recordkeeper
- KPMG — Auditor
- SEYFARTH SHAW LLP — Investment Advisor
- CLIFTONLARSONALLEN LLP — Auditor
- ERNST & YOUNG U.S. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,898,331
- Estimated Expense Ratio: 0.551% 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 |