401k Record

Employers › 3M

3M 401(k)

Recordkeeping fees per participant · largest plan, 3M Voluntary Investment Plan and Employee Stock Ownership Plan · plan year 2024

$12.63

Higher than 16% of the 790 plans over $1B that report it.

Source

= $509,815 / 40,357
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015112126NAL0009307266001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112126NAL0009307266001, received 2025-10-15

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.

Largest plan, all six figures: 3M Voluntary Investment Plan and Employee Stock Ownership Plan

Recordkeeping fees per participantheadline

$12.63

10th: $6.72median $34.2890th: $56.58

Higher than 16% of the 790 plans over $1B that report it.

Source

= $509,815 / 40,357
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015112126NAL0009307266001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112126NAL0009307266001, received 2025-10-15

Administrative expenses excluding investment management, per participant

$105.17

10th: $9.43median $44.4790th: $97.55

Higher than 92% of the 1,045 plans over $1B that report it.

Source

= $4,244,496 / 40,357
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015112126NAL0009307266001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112126NAL0009307266001, received 2025-10-15

Administrative expenses per participant

$105.17

10th: $24.33median $70.0390th: $174.36

Higher than 73% of the 1,076 plans over $1B that report it.

Source

= $4,244,496 / 40,357
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015112126NAL0009307266001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112126NAL0009307266001, received 2025-10-15

Administrative expenses as a share of assets

0.040%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 43% of the 1,076 plans over $1B that report it.

Source

= $4,244,496 / $10,596,010,150
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015112126NAL0009307266001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015112126NAL0009307266001, received 2025-10-15

Employer contributions per participant

$4,145

10th: $1,442median $3,74490th: $8,760

Higher than 57% of the 1,135 plans over $1B that report it.

Source

= $167,267,770 / 40,357
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015112126NAL0009307266001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112126NAL0009307266001, received 2025-10-15

Employer share of total contributions

35.8%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 60% of the 1,135 plans over $1B that report it.

Source

= $167,267,770 / $466,853,757
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015112126NAL0009307266001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015112126NAL0009307266001, received 2025-10-15

93.0% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $455,675 ($116.46 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.

Plan terms, as stated in 3M Company's SEC filings

Plan terms are described in 3M Company's SEC filings: Form 10-K filed 2026-02-03. No term could be quoted from them with the required precision.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
3M Voluntary Investment Plan and Employee Stock Ownership Plan$10,596,010,15040,357 $12.63 recordkeeping fees per participant2024
3M Savings Plan$285,122,1452,300 $11.26 recordkeeping fees per participant2024

Alerts, claims and corrections

Alert me when this filing changes

One email when a new Form 5500 for 3M's plans appears in the Department of Labor data. Confirmation link first; unsubscribe link in every email.

Claim this plan

For the sponsor or its plan administrator: request to verify or annotate this page. A work email address at the sponsor speeds up verification.

Report a correction

Every figure is reproduced from the filing with its source. Tell us which figure and what the filing says instead.

Sponsor name as filed: 3M COMPANY; SEC registrant: 3M CO (CIK 66740, matched by EIN).