Defined Benefit (Pension) · DOL Form 5500 · 2023
3M Company Pension Plan
Data updated 2026-08-25
- $14.3B
- Total assets Mega-plan scale
- 10,638
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $1.3M
- Avg per participant High balance/head
Official DOL plan name: 3M Employee Retirement Income Plan · Sponsored by 3M Company · Minnesota · Manufacturing
$14.3B in assets, 10,638 participants
3M Company's 3M Employee Retirement Income Plan reported $14.3B in total assets and 10,638 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #18,692 in Manufacturing (18,722 peers)
Coverage in Minnesota
3M Employee Retirement Income Plan covers 10,638 participants in Minnesota, 9.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $14.3B.
- #18,692
- in Manufacturing (18,722 peers)
- +1.7%
- assets growth YoY
- 143×
- vs typical plan assets (national mean)
The plan reported a net loss of $185M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
3M Employee Retirement Income Plan's outsized position by total assets
3M Employee Retirement Income Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$14,281,991,028 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
3M Employee Retirement Income Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 3M Employee Retirement Income Plan is a mega filing (10,638 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- 3M Employee Retirement Income Plan reported net income rose from -$4.5B in the plan year 2022 filing to -$185M in the plan year 2023 filing.
- 3M Employee Retirement Income Plan reported participants fell from 12,160 in the plan year 2022 filing to 10,638 in the plan year 2023 filing.
- 3M Employee Retirement Income Plan end-of-year assets rose from $14.0B in the plan year 2022 filing to $14.3B in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 410417775 · 3M Company PY 2023 · Defined Benefit (Pension)
3M Employee Retirement Income Plan · $14.3B · 10,638 · 100th
- TYPE $14.3B
- TYPE 10,638
- TYPE 100th
- TYPE Defined Benefit (Pension)
- TYPE near Iam National Pension Fund
- TYPE ind #18692
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →
3M Employee Retirement Income Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $14.0B |
|---|---|
| Net Assets (End of Year) | $13.2B |
| Net Income | -$185M |
| Employer EIN | 410417775 |
| Plan Effective Date | 1931-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (3M Company)
Sponsor-wide plan assets over time
All 3M Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $19.8B 22.307828769155% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 51,142 | $25.4B |
| 2023 | 3 | 48,397 | $26.6B |
| 2024 | 3 | 43,759 | $19.8B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Mayo Pension Plan $11.0B · 69,155
- The Travelers Pension Plan $4.2B · 24,884
- General Mills Pension Plan I $4.0B · 383
- U.S. Bank Pension Plan $4.0B · 56,287
- Target Corporation Pension Plan $3.5B · 45,724
Scale composition for 3M Employee Retirement Income Plan
3M Employee Retirement Income Plan reports $14.3B in end-of-year assets across 10,638 participants (0.12% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $1.3M per participant (9.7x the national average assets-per-participant) . Net income for plan year 2023 was -$185M.
This plan identity (EIN 410417775, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $14.0B to $8.9B (-36.8%) while covered participants moved from 12,160 to 9,132 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,160 | $14.0B | Open filing |
| 2023 | 10,638 | $14.3B | This page |
| 2024 · index core | 9,132 | $8.9B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan (401(k), $10.6B, 32,964 participants)
- 3M Employee Retirement Income Plan (Defined Benefit (Pension), $8.9B, 9,132 participants)
- 3M Savings Plan (401(k), $285M, 1,663 participants)
3M Employee Retirement Income Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Iam National Pension Fund in DC ($14.3B); by covered participants it is Berkshire Hathaway Consolidated Pension Plan in NE (10,563 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($14.3B here).
- Iam National Pension Fund (DC) $14.3B · 92,151
- Truist Financial Corporation Pension Plan (NC) $14.6B · 45,818
- Nokia Retirement Income Plan (NJ) $13.9B · 7,492
- Shell Pension Plan (TX) $15.1B · 12,215
Similar participant headcount
Nearest other-state filings by covered participants (10,638 participants); asset peers above are excluded.
- Berkshire Hathaway Consolidated Pension Plan (NE) 10,563 · 75 off
- Retirement Plan for Employees of Aetna Inc. (CT) 10,546 · 92 off
- Willis Towers Watson Pension Plan for U.S. Employees (VA) 10,732 · 94 off
- Automatic Data Processing Inc Pension Retirement Plan (NJ) 10,502 · 136 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.