401(k) · DOL Form 5500 · 2023
3M Company 401(k) Plan
Data updated 2026-08-25
- $271M
- Total assets Near avg plan size
- 1,710
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $158,258
- Avg per participant Above avg balance/head
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.
- #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.
- #17,486
- in Manufacturing (18,722 peers)
- +9.5%
- assets growth YoY
- 2.7×
- vs typical plan assets (national mean)
3M Savings Plan's outsized position 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
3M Savings Plan's large-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 Savings Plan lands in the large band (1,710 participants).
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.
DOL schedule card
Filing strip 410417775 · 3M Company PY 2023 · 401(k)
3M Savings Plan · $271M · 1,710 · 96th
- SCH $271M
- EBSA 1,710
- PART 96th
- TYPE 401(k)
- NET near Thyssenkrupp 401(k) Plan North America
- BOOK ind #17486
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 Savings Plan in the asset neighbourhood
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)
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 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
3M Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Thyssenkrupp 401(k) Plan North America in OR ($270M); by covered participants it is Ho-Chunk, Inc. 401(k) Plan in NE (1,710 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($271M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,710 participants); asset peers above are excluded.
- Ho-Chunk, Inc. 401(k) Plan (NE) 1,710 · 0 off
- Baptist Health Deaconess 401(k) Plan (KY) 1,710 · 0 off
- L.N.K. International, Inc. Retirement Plan (NY) 1,709 · 1 off
- Yates Services Retirement & Savings Plan (MS) 1,709 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.