401(k) · DOL Form 5500 · 2023

3M Company 401(k) Plan

Data updated 2026-08-25

$12.0B
Total assets Mega-plan scale
36,049
Participants Very large workforce
100th
Percentile by assets National rank
$334,173
Avg per participant High balance/head
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Official DOL plan name: 3M Voluntary Investment Plan and Employee Stock Ownership Plan · Sponsored by 3M Company · Minnesota · Manufacturing

$12.0B in assets, 36,049 participants

3M Company's 3M Voluntary Investment Plan and Employee Stock Ownership Plan reported $12.0B in total assets and 36,049 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.

  • #18,684 in Manufacturing (18,722 peers)

Coverage in Minnesota

3M Voluntary Investment Plan and Employee Stock Ownership Plan covers 36,049 participants in Minnesota, 32x the typical Minnesota plan (state average ~1,126 per filing). Assets: $12.0B.

#18,684
in Manufacturing (18,722 peers)
+8.2%
assets growth YoY
121×
vs typical plan assets (national mean)

3M Voluntary Investment Plan and Employee Stock Ownership Plan's outsized position by total assets

3M Voluntary Investment Plan and Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$12,046,615,880 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

3M Voluntary Investment Plan and Employee Stock Ownership 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 Voluntary Investment Plan and Employee Stock Ownership Plan is a mega filing (36,049 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 3M Voluntary Investment Plan and Employee Stock Ownership Plan reported net income rose from -$3.1B in the plan year 2022 filing to $906M in the plan year 2023 filing.
  • 3M Voluntary Investment Plan and Employee Stock Ownership Plan end-of-year assets rose from $11.1B in the plan year 2022 filing to $12.0B in the plan year 2023 filing.
  • 3M Voluntary Investment Plan and Employee Stock Ownership Plan reported participants fell from 37,159 in the plan year 2022 filing to 36,049 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 410417775 · 3M Company PY 2023 · 401(k)

3M Voluntary Investment Plan and Employee Stock Ownership Plan · $12.0B · 36,049 · 100th

  • NET $12.0B
  • BOOK 36,049
  • VS-ST 100th
  • BOY 401(k)
  • SCH near Toyota Motor North America, Inc. Retirement Savings Plan
  • EBSA ind #18684

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 Voluntary Investment Plan and Employee Stock Ownership Plan in the asset neighbourhood

Kaiser Permanente Tax Sheltered Annuity Plan IIIKaiser Permanente Tax Shelte…$12.3BMeta Platforms, Inc 401(k) PlanMeta Platforms, Inc 401(k) P…$12.2B3M Voluntary Investment Plan and Employee Stock Ownership Plan3M Voluntary Investment Plan…$12.0BToyota Motor North America, Inc. Retirement Savings PlanToyota Motor North America, …$11.9BAbbvie Savings Plan$11.7B
End-of-year total assets ($B) among 3M Voluntary Investment Plan and Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$11.1B
Net Assets (End of Year)$12.0B
Net Income$906M
Employer EIN410417775
Plan Effective Date1982-03-31
Filing StatusFILING 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
$15B$20B$25B$30B 202220232024 $25.4B $19.8B ▼ -22.3%
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 Voluntary Investment Plan and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. 0100000200000300000400000500000 510152025 Total assets ($B) Participants 3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings PlanThe Travelers 401(k) Savings Plan, Total assets ($B): 9.215838883 · Participants: 29650The Travelers 401(k) Savings Plan
3M Voluntary Investment Plan and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare 3M Voluntary Investment Plan and Employee Stock Ownership Plan side-by-side with 3 peers →

Scale composition for 3M Voluntary Investment Plan and Employee Stock Ownership Plan

3M Voluntary Investment Plan and Employee Stock Ownership Plan reports $12.0B in end-of-year assets across 36,049 participants (0.098% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.038% of 93,925,755 covered participants) - about $334,173 per participant (2.4x the national average assets-per-participant) . Net income for plan year 2023 was $906M.

This plan identity (EIN 410417775, plan #333) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $11.1B to $10.6B (-4.9%) while covered participants moved from 37,159 to 32,964 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 37,159 $11.1B Open filing
2023 36,049 $12.0B This page
2024 · index core 32,964 $10.6B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

3M Voluntary Investment Plan and Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Toyota Motor North America, Inc. Retirement Savings Plan in TX ($11.9B); by covered participants it is Savings and Supplemental Retirement Plan of Novant Health, Inc. in NC (36,063 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (36,049 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did 3M Voluntary Investment Plan and Employee Stock Ownership Plan assets move in 2023? ▼
3M Voluntary Investment Plan and Employee Stock Ownership Plan grew at a solid clip - up 8.2% during 2023, from $11.1B to $12.0B. Reported net income was $906M.
How have 3M Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 3M Company's sponsor-wide assets declined 22.3%, from $25.4B to $19.8B.
Where does 3M Voluntary Investment Plan and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
3M Voluntary Investment Plan and Employee Stock Ownership Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to 3M Voluntary Investment Plan and Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Toyota Motor North America, Inc. Retirement Savings Plan in TX ($11.9B, 42,788 participants).
Which 401(k) plans cover a similar participant headcount to 3M Voluntary Investment Plan and Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Savings and Supplemental Retirement Plan of Novant Health, Inc. in NC (36,063 participants, $1.5B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410417775.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.