Plan Snapshot
- Plan Sponsor: Solventum Corporation
- Sponsor EIN: 922008841
- Sponsor Address: 2510 CONWAY AVE E, MAPLEWOOD, MN, 55144
- Plan Type: DB
- Plan Number: 002
- Total Participants: 1,797
- Total Assets: $1.9B
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 | 1,797 | $1.9B | $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 | $720,404 | — | $720,404 |
| WELLINGTON TRUST COMPANY, NA | Other Service Provider | $705,702 | — | $705,702 |
| INNOVATION LN LP | Other Service Provider | $556,848 | — | $556,848 |
| NEPC, LLC | Recordkeeper | $269,183 | — | $269,183 |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | Other Service Provider | $100,000 | — | $100,000 |
| AON CONSULTING,INC. | Recordkeeper | $23,839 | — | $23,839 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- NEPC, LLC — Recordkeeper
- AON CONSULTING,INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,375,976
- Estimated Expense Ratio: 0.124% 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 | $2,423,250 | $1,679,007 | — | — | — |