Defined Benefit (Pension) · DOL Form 5500 · 2024
3M Company Pension Plan
Data updated 2026-08-25
- $8.9B
- Total assets Very large vs avg
- 9,132
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $972,259
- Avg per participant High balance/head
Official DOL plan name: 3M Employee Retirement Income Plan · Sponsored by 3M Company · Minnesota · Manufacturing
$8.9B in assets, 9,132 participants
3M Company's 3M Employee Retirement Income Plan reported $8.9B in total assets and 9,132 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.
- #17,710 in Manufacturing (17,777 peers)
Coverage in Minnesota
3M Employee Retirement Income Plan covers 9,132 participants in Minnesota, 8.1x the typical Minnesota plan (state average ~1,126 per filing). Assets: $8.9B.
- #17,710
- in Manufacturing (17,777 peers)
- -37.8%
- assets change YoY
- 89×
- vs typical plan assets (national mean)
The plan reported a net loss of $3.0B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
3M Employee Retirement Income Plan's outsized position by total assets
3M Employee Retirement Income Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$8,878,664,930 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 Employee Retirement Income 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 Employee Retirement Income Plan lands in the large band (9,132 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 3M Employee Retirement Income Plan reported net income fell from -$185M in the plan year 2023 filing to -$3.0B in the plan year 2024 filing.
- 3M Employee Retirement Income Plan end-of-year assets fell from $14.3B in the plan year 2023 filing to $8.9B in the plan year 2024 filing.
- 3M Employee Retirement Income Plan reported participants fell from 10,638 in the plan year 2023 filing to 9,132 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 410417775 · 3M Company PY 2024 · Defined Benefit (Pension)
3M Employee Retirement Income Plan · $8.9B · 9,132 · 100th
- RANK $8.9B
- PHOTO 9,132
- IND 100th
- EOY Defined Benefit (Pension)
- 5500 near Sheet Metal Workers' National Pension Fund
- ASSETS ind #17710
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 Employee Retirement Income Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $14.3B |
|---|---|
| Net Assets (End of Year) | $8.2B |
| Net Income | -$3.0B |
| Employer EIN | 410417775 |
| Plan Effective Date | 1931-01-01 |
| 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 Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Mayo Pension Plan $11.8B · 71,743
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
- General Mills Pension Plan I $3.7B · 2,007
Scale composition for 3M Employee Retirement Income Plan
3M Employee Retirement Income Plan reports $8.9B in end-of-year assets across 9,132 participants (0.072% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $972,259 per participant (7.0x the national average assets-per-participant) . Net income for plan year 2024 was -$3.0B.
This plan identity (EIN 410417775, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $14.0B to $8.9B (-36.8%) while covered participants moved from 12,160 to 9,132 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,160 | $14.0B | Open filing |
| 2023 | 10,638 | $14.3B | Open filing |
| 2024 · index core | 9,132 | $8.9B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan (401(k), $10.6B, 32,964 participants)
- 3M Savings Plan (401(k), $285M, 1,663 participants)
3M Employee Retirement Income Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Sheet Metal Workers' National Pension Fund in VA ($8.9B); by covered participants it is Mason Tenders' District Council Pension Fund in NY (9,056 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8.9B here).
- Sheet Metal Workers' National Pension Fund (VA) $8.9B · 63,530
- GE Energy Pension Plan (NY) $8.9B · 5,829
- New England Teamsters Pension Fund (MA) $9.1B · 21,577
- Abbott Laboratories Annuity Retirement Plan (IL) $8.6B · 17,875
Similar participant headcount
Nearest other-state filings by covered participants (9,132 participants); asset peers above are excluded.
- Mason Tenders' District Council Pension Fund (NY) 9,056 · 76 off
- The Retirement Benefit Plan of American Airlines, Inc. for Flight Attendants (TX) 9,218 · 86 off
- Producer-Writers Guild of America Pension Plan (CA) 9,218 · 86 off
- Berkshire Hathaway Consolidated Pension Plan (NE) 9,020 · 112 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.