401(k) · DOL Form 5500 · 2024

3M Company 401(k) Plan

Data updated 2026-08-25

$285M
Total assets Near avg plan size
1,663
Participants Near avg headcount
96th
Percentile by assets National rank
$171,450
Avg per participant Above avg balance/head
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Official DOL plan name: 3M Savings Plan · Sponsored by 3M Company · Minnesota · Manufacturing

$285M in assets, 1,663 participants

3M Company's 3M Savings Plan reported $285M in total assets and 1,663 participants in its 2024 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.

  • #16,568 in Manufacturing (17,777 peers)

Where 3M Savings Plan sits by assets

3M Savings Plan sits in the top 5% of all filed plans by assets, $285M for 1,663 participants (~$171,450/participant), up 5.4% in 2024.

#16,568
in Manufacturing (17,777 peers)
+5.4%
assets growth YoY
2.9×
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 2024 · DOL Form 5500

$285,122,145 Top 4% higher than 96% of 123,620 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 2024

3M Savings Plan's large-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 Savings Plan lands in the large band (1,663 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 3M Savings Plan reported net income fell from $23M in the plan year 2023 filing to $21M in the plan year 2024 filing.
  • 3M Savings Plan end-of-year assets rose from $271M in the plan year 2023 filing to $285M in the plan year 2024 filing.
  • 3M Savings Plan reported participants fell from 1,710 in the plan year 2023 filing to 1,663 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410417775 · 3M Company PY 2024 · 401(k)

3M Savings Plan · $285M · 1,663 · 96th

  • PCT $285M
  • PCT 1,663
  • PCT 96th
  • PCT 401(k)
  • PCT near Uhy Savings Plan
  • PCT ind #16568

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

3M Savings Plan$285MUhy Savings Plan$285MPanera Bread Company 401(k) Retirement Savings PlanPanera Bread Company 401(k) …$285MArcfield Corporation 401(k) PlanArcfield Corporation 401(k) …$285MArcfield Corporation 401(k) PlanArcfield Corporation 401(k) …$285M
End-of-year total assets ($M) among 3M Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$271M
Net Assets (End of Year)$285M
Net Income$21M
Employer EIN410417775
Plan Effective Date1988-10-01
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 Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants 3M Savings Plan, Total assets ($B): 0.285122145 · Participants: 16633M Savings PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
3M Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare 3M Savings Plan side-by-side with 3 peers →

3M Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Uhy Savings Plan in MI ($285M); by covered participants it is G-III Apparel Group, Ltd. 401(k) Plan in NY (1,663 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($285M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,663 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did 3M Savings Plan assets move in 2024? ▼
3M Savings Plan grew at a solid clip - up 5.4% during 2024, from $271M to $285M. Reported net income was $21M.
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 Savings Plan rank by assets among Form 5500 filers? ▼
3M Savings Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to 3M Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Uhy Savings Plan in MI ($285M, 1,595 participants).
Which 401(k) plans cover a similar participant headcount to 3M Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G-III Apparel Group, Ltd. 401(k) Plan in NY (1,663 participants, $192M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.