3M Employee Retirement Income Plan

Defined Benefit (Pension) · DOL Form 5500 · 2023

What the Filing Says About 3M Employee Retirement Income Plan

3M Employee Retirement Income Plan is a Defined Benefit (Pension) retirement plan sponsored by 3M Company, headquartered in Minnesota. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $14.3B in total end-of-year assets and covers 10,638 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 410417775, and the plan has been effective since 1931-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets edged up modestly from $14.0B at the beginning of 2023 to $14.3B at year-end - up 1.7%. Net assets (after liabilities) closed the year at $13.2B, with reported net income of -$185M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years 3M Company has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $25.4B to $19.8B, a decline of 22.3%, while reported participants moved from 51,142 to 43,759 (-14.4%). The strongest year on file by total sponsor assets was 2023 at $26.6B; the softest was 2024 at $19.8B. Year-by-year, sponsor-wide filings show: 2022 - $25.4B in assets across 3 plans covering 51,142 participants; 2023 - $26.6B in assets across 3 plans covering 48,397 participants; 2024 - $19.8B in assets across 3 plans covering 43,759 participants.

By assets, 3M Employee Retirement Income Plan outranks nearly all the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 143x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank 3M Employee Retirement Income Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.