Employers › 3M › plan 333
Recordkeeping fees per participant · 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.
= $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
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.
Administrative expenses excluding investment management, per participant
$105.17
Higher than 92% of the 1,045 plans over $1B that report it.
= $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
Higher than 73% of the 1,076 plans over $1B that report it.
= $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%
Higher than 43% of the 1,076 plans over $1B that report it.
= $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
Higher than 57% of the 1,135 plans over $1B that report it.
= $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%
Higher than 60% of the 1,135 plans over $1B that report it.
= $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.
2E profit-sharing · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2P · 2R participant brokerage window · 3H controlled-group sponsor · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015112126NAL0009307266001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | 3M COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Plan name | 3M VOLUNTARY INVESTMENT PLAN AND EMPLOYEE STOCK OWNERSHIP PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Sponsor EIN / plan number | 41-0417775 / 333 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Sponsor location | ST. PAUL, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015112126NAL0009307266001, 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 20251015112126NAL0009307266001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Participants, beginning of year | 52,897 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Active participants | 21,780 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Participants, end of year | 40,574 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Participants with an account balance | 40,357 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Total assets, beginning of year | $12,046,615,880 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Total assets, end of year | $10,596,010,150 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Net assets, end of year | $10,596,010,150 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Total income | $1,993,299,969 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Net income | $729,874,151 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Employer contributions | $167,267,770 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Participant contributions | $276,538,491 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $23,047,496 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Total contributions | $466,853,757 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Benefit payments | $1,257,419,441 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $1,263,425,818 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Total administrative expenses | $4,244,496 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Contract administrator fees | $257,814 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Recordkeeping fees | $509,815 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| IQPA audit fees | $151,827 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Administrative expenses excluding investment management | $4,244,496 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Held in master trusts | $9,849,694,378 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015112126NAL0009307266001, received 2025-10-15 |
| Held in common/collective trusts | $3,345,758 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015112126NAL0009307266001, 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 20251015112126NAL0009307266001, received 2025-10-15 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015112126NAL0009307266001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015112126NAL0009307266001, 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 | $2,438,116 | 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 | $509,815 | no |
| NEPC, LLC | NONE | 16 Consulting (general); 50 Direct payment from the plan | $295,460 | no |
| 3M COMPANY | PLAN SPONSOR | 14 Plan administrator; 50 Direct payment from the plan | $257,814 | yes |
| NEWPORT TRUST COMPANY | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $222,701 | no |
| CLIFTONLARSONALLEN | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $151,827 | no |
| PLANTE MORAN | NONE | 10 Accounting (including auditing); 20 Trustee (individual) | $138,420 | no |
| AON CONSULTING INC. | NONE | 17 Consulting (pension) | $73,555 | no |
| STATE STREET BANK AND TRUST | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $67,460 | no |
| SEYFARTH SHAW LLP | NONE | 16 Consulting (general); 29 Legal; 50 Direct payment from the plan | $46,293 | no |
| HR ADVANTAGE INC | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $19,967 | no |
| BACKSTOP SOLUTIONS GROUP, LLC | NONE | 50 Direct payment from the plan; 99 Other fees | $10,720 | no |
| DELOITTE CONSULTING LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $5,389 | no |
| WELLINGTON TRUST CO, 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 20251015112126NAL0009307266001, received 2025-10-15.
3M VOLUNTARY INVESTMENT PLAN AND EM (EIN 043205742, PN 003): plan interest $9,849,694,378, 97.4% 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 | $12,046,615,880 | $10,596,010,150 | -12.0% |
| Participants with a balance | 52,623 | 40,357 | -23.3% |
| Administrative expenses | $6,208,603 | $4,244,496 | -31.6% |
| Recordkeeping fees per participant | $31.46 | $12.63 | -59.9% |
| Employer contributions | $220,001,972 | $167,267,770 | -24.0% |
Prior filing 20241014163248NAL0027868097001, received 2024-10-14; the plan years are contiguous.