401(k) · DOL Form 5500 · 2024
3M Company 401(k) Plan
Data updated 2026-08-25
- $10.6B
- Total assets Mega-plan scale
- 32,964
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $321,442
- Avg per participant High balance/head
Official DOL plan name: 3M Voluntary Investment Plan and Employee Stock Ownership Plan · Sponsored by 3M Company · Minnesota · Manufacturing
$10.6B in assets, 32,964 participants
3M Company's 3M Voluntary Investment Plan and Employee Stock Ownership Plan reported $10.6B in total assets and 32,964 participants in its 2024 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.
- #17,727 in Manufacturing (17,777 peers)
Coverage in Minnesota
3M Voluntary Investment Plan and Employee Stock Ownership Plan covers 32,964 participants in Minnesota, 29x the typical Minnesota plan (state average ~1,126 per filing). Assets: $10.6B.
- #17,727
- in Manufacturing (17,777 peers)
- -12.0%
- assets change YoY
- 106×
- 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 2024 · DOL Form 5500
$10,596,010,150 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
3M Voluntary Investment Plan and Employee Stock Ownership Plan's mega-plan peer group by participant headcount
Plan-year 2024 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 (32,964 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan reported net income fell from $906M in the plan year 2023 filing to $730M in the plan year 2024 filing.
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan end-of-year assets fell from $12.0B in the plan year 2023 filing to $10.6B in the plan year 2024 filing.
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan reported participants fell from 36,049 in the plan year 2023 filing to 32,964 in the plan year 2024 filing.
DOL schedule card
Filing strip 410417775 · 3M Company PY 2024 · 401(k)
3M Voluntary Investment Plan and Employee Stock Ownership Plan · $10.6B · 32,964 · 100th
- IND $10.6B
- EOY 32,964
- 5500 100th
- ASSETS 401(k)
- PCT near Bae Systems Employees' Savings and Investment Plan
- EIN ind #17727
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
Minnesota filing particulars
| Total Assets (Beginning of Year) | $12.0B |
|---|---|
| Net Assets (End of Year) | $10.6B |
| Net Income | $730M |
| Employer EIN | 410417775 |
| Plan Effective Date | 1982-03-31 |
| 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.
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Scale composition for 3M Voluntary Investment Plan and Employee Stock Ownership Plan
3M Voluntary Investment Plan and Employee Stock Ownership Plan reports $10.6B in end-of-year assets across 32,964 participants (0.086% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.035% of 93,925,755 covered participants) - about $321,442 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2024 was $730M.
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 | Open filing |
| 2024 · index core | 32,964 | $10.6B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- 3M Employee Retirement Income Plan (Defined Benefit (Pension), $8.9B, 9,132 participants)
- 3M Savings Plan (401(k), $285M, 1,663 participants)
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 Bae Systems Employees' Savings and Investment Plan in VA ($10.6B); by covered participants it is Global Medical Response, Inc. 401(k) Plan in CO (32,859 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10.6B here).
- Bae Systems Employees' Savings and Investment Plan (VA) $10.6B · 32,246
- The Sherwin-Williams Company 401(k) Plan (OH) $10.6B · 47,459
- GE Healthcare Retirement Savings Plan (IL) $10.5B · 16,216
- Kpmg 401(k) Capital Accumulation Plan (NJ) $10.5B · 37,063
Similar participant headcount
Nearest other-state filings by covered participants (32,964 participants); asset peers above are excluded.
- Global Medical Response, Inc. 401(k) Plan (CO) 32,859 · 105 off
- Westrock Company 401(k) Retirement Savings Plan (GA) 32,796 · 168 off
- Supplemental Income 401(k) Plan (CA) 32,778 · 186 off
- Jones Lang Lasalle Savings and Retirement Plan (IL) 32,733 · 231 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.