401(k) · DOL Form 5500 · 2022
3M Company 401(k) Plan
Data updated 2026-08-11
- $247M
- Total assets
- 1,823
- Participants
- 96th
- Percentile by assets
- $135,509
- Avg per participant
Official DOL plan name: 3M Savings Plan · Sponsored by 3M Company · Minnesota · Manufacturing
$247M in assets, 1,823 participants
3M Company's 3M Savings Plan reported $247M in total assets and 1,823 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 139,126 plans)
- #19,373 in Manufacturing (20,602 peers)
Where 3M Savings Plan sits by assets
3M Savings Plan sits in the top 5% of all filed plans by assets, $247M for 1,823 participants (~$135,509/participant), down 24.1% in 2022.
- $247M
- total plan assets (2022 EOY)
- 1,823
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $135,509
- avg assets per participant
The plan reported a net loss of $76M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where 3M Savings Plan sits by total assets
3M Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$247,033,589 Top 4% higher than 96% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
3M Savings Plan vs the 2022 asset distribution
By assets, 3M Savings Plan outranks 96% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 2.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $325M |
|---|---|
| Net Assets (End of Year) | $247M |
| Net Income | -$76M |
| Employer EIN | 410417775 |
| Plan Effective Date | 1988-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (3M Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 51,142 | $25.4B |
| 2023 | 3 | 48,397 | $26.6B |
| 2024 | 3 | 43,759 | $19.8B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
3M Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to 3M Savings Plan by total assets, not by location.
- Green Bay Packaging, Inc. Savings and Protection Plan (WI) $247M · 1,228
- Signode Industrial Group LLC Retirement Plan (FL) $247M · 2,145
- Brookhaven Memorial Hospital Medical Center Dba Long Island Community Hospital Retirement Savings (NY) $247M · 1,664
- Brown & Root Industrial Services 401(k) Plan (TX) $247M · 3,261
Frequently Asked Questions
How did 3M Savings Plan assets move in 2022? ▼
How have 3M Company plan assets changed over time? ▼
Where does 3M Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to 3M Savings Plan? ▼
Next read for 3M Savings Plan
Scale reading
Ways to act on 3M Savings Plan's numbers.
- By total assets, 3M Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- 3M Company's sponsor-wide assets have declined 22.3% since 2022 across 3 plan years on file. More Manufacturing plans