401(k) · DOL Form 5500 · 2023
3M Company 401(k) Plan
Data updated 2026-08-11
- $271M
- Total assets
- 1,710
- Participants
- 96th
- Percentile by assets
- $158,258
- Avg per participant
Official DOL plan name: 3M Savings Plan · Sponsored by 3M Company · Minnesota · Manufacturing
$271M in assets, 1,710 participants
3M Company's 3M Savings Plan reported $271M in total assets and 1,710 participants in its 2023 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 127,072 plans)
- #17,486 in Manufacturing (18,722 peers)
Where 3M Savings Plan sits by assets
3M Savings Plan sits in the top 5% of all filed plans by assets, $271M for 1,710 participants (~$158,258/participant), up 9.5% in 2023.
- $271M
- total plan assets (2023 EOY)
- 1,710
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $158,258
- avg assets per participant
Where 3M Savings Plan sits by total assets
3M Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$270,621,914 Top 4% higher than 96% 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
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- 3M Savings Plan reported net income rose from -$76M in the plan year 2022 filing to $23M in the plan year 2023 filing.
- 3M Savings Plan end-of-year assets rose from $247M in the plan year 2022 filing to $271M in the plan year 2023 filing.
- 3M Savings Plan reported participants fell from 1,823 in the plan year 2022 filing to 1,710 in the plan year 2023 filing.
3M Savings Plan vs the 2023 asset distribution
By assets, 3M Savings Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $247M |
|---|---|
| Net Assets (End of Year) | $271M |
| Net Income | $23M |
| 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.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to 3M Savings Plan by total assets, not by location.
- Thyssenkrupp 401(k) Plan North America (OR) $270M · 2,588
- Omron Savings and Retirement Plan (IL) $270M · 1,117
- Oregon Tool 401(k) Retirement Profit Sharing Plus Plan (OR) $270M · 1,285
- Winstead 401(k) Savings and Profit Sharing Plan (TX) $271M · 440
Frequently Asked Questions
How did 3M Savings Plan assets move in 2023? ▼
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