Employers › 3M › plan 013
Recordkeeping fees per participant · 3M Savings Plan · plan year 2024
$11.26
Higher than 10% of the 1,697 plans $250M to 1B that report it.
= $25,890 / 2,300
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015112627NAL0002323379001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112627NAL0002323379001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $250M to 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.
Administrative expenses excluding investment management, per participant
$54.88
Higher than 37% of the 2,324 plans $250M to 1B that report it.
= $126,229 / 2,300
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015112627NAL0002323379001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112627NAL0002323379001, received 2025-10-15
Administrative expenses per participant
$54.88
Higher than 24% of the 2,405 plans $250M to 1B that report it.
= $126,229 / 2,300
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015112627NAL0002323379001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112627NAL0002323379001, received 2025-10-15
Administrative expenses as a share of assets
0.044%
Higher than 29% of the 2,407 plans $250M to 1B that report it.
= $126,229 / $285,122,145
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015112627NAL0002323379001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015112627NAL0002323379001, received 2025-10-15
Employer contributions per participant
$2,066
Higher than 28% of the 2,457 plans $250M to 1B that report it.
= $4,751,410 / 2,300
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015112627NAL0002323379001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112627NAL0002323379001, received 2025-10-15
Employer share of total contributions
27.1%
Higher than 37% of the 2,459 plans $250M to 1B that report it.
= $4,751,410 / $17,537,766
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015112627NAL0002323379001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015112627NAL0002323379001, received 2025-10-15
93.8% 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 $12,366 ($60.26 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 3I · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015112627NAL0002323379001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | 3M COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Plan name | 3M SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Sponsor EIN / plan number | 41-0417775 / 013 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Sponsor location | ST. PAUL, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Participants, beginning of year | 2,476 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Active participants | 1,539 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Participants, end of year | 2,330 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Participants with an account balance | 2,300 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Total assets, beginning of year | $270,621,914 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Total assets, end of year | $285,122,145 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Net assets, end of year | $285,122,145 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Total income | $55,683,252 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Net income | $21,316,860 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Employer contributions | $4,751,410 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Participant contributions | $11,916,129 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $870,227 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Total contributions | $17,537,766 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Benefit payments | $34,138,102 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $34,366,392 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Total administrative expenses | $126,229 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Contract administrator fees | $7,003 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Recordkeeping fees | $25,890 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| IQPA audit fees | $4,124 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Administrative expenses excluding investment management | $126,229 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Held in master trusts | $267,304,599 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Held in common/collective trusts | $107,329 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015112627NAL0002323379001, received 2025-10-15 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015112627NAL0002323379001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015112627NAL0002323379001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| BLACKROCK INSTITUTIONAL TRUST CO. | NONE | 21 Trustee (bank, trust company or similar); 24 Trustee (discretionary); 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $66,227 | yes |
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $25,890 | no |
| 3M COMPANY | PLAN SPONSOR | 14 Plan administrator; 50 Direct payment from the plan | $7,003 | yes |
| NEWPORT TRUST COMPANY | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $6,049 | no |
| CLIFTONLARSONALLEN | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $4,124 | no |
| WELLINGTON TRUST COMPANY, NA | NONE | 52 Investment management fees paid indirectly by plan | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015112627NAL0002323379001, received 2025-10-15.
3M VOLUNTARY INVESTMENT PLAN & SAVI (EIN 043205742, PN 003): plan interest $267,304,599, 2.6% of the trust. The trust's own filing (20251014080908NAL0001100947001, received 2025-10-14) reports net assets $10,117,028,440, administrative expenses $468,043, recordkeeping fees not reported, investment management fees $468,043 and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $270,621,914 | $285,122,145 | 5.4% |
| Participants with a balance | 2,450 | 2,300 | -6.1% |
| Administrative expenses | $149,765 | $126,229 | -15.7% |
| Recordkeeping fees per participant | $16.30 | $11.26 | -31.0% |
| Employer contributions | $4,704,501 | $4,751,410 | 1.0% |
Prior filing 20241014163331NAL0027869057001, received 2024-10-14; the plan years are contiguous.