Plan Snapshot
- Plan Sponsor: 3m Employees Benefits Trust Association
- Sponsor EIN: 411414203
- Sponsor Address: 3M CENTER, ST. PAUL, MN, 551331000
- Plan Type: 401(k)
- Plan Number: 545
- Total Participants: 19,387
- Total Assets: $4.5M
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 | 19,387 | $4.5M | $0 | $11.6M |
| 2023 | 21,292 | $5.6M | $0 | $13.9M |
| 2022 | 22,104 | $4.2M | $0 | $14.5M |
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 | $69,018 | — | $69,018 |
| CLIFTONLARSONALLEN LLP | Auditor | $21,179 | — | $21,179 |
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
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,197
- Estimated Expense Ratio: 2.018% 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 | $91,447 | $1,251 | $69,018 | $21,178 | — |
| 2023 | $96,797 | $1,250 | $80,420 | $15,127 | — |
| 2022 | $99,649 | $1,250 | $83,122 | — | $15,277 |