3M 401(k) match, vesting and fees
What 3M's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| 3M: employer contribution per participant | $4,145 | |
| Peer median | $3,733 |
| 3M: average balance | $262,557 | |
| Peer median | $157,962 |
| 3M: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $12B at the end of plan year 2023 to $10.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 40,574 | $10.6B | $167M | $4,145 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 52,897 | $12B | $220M | $4,181 | 0.05% | Not published | Form 5500 ↗ |
Other 3M plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
3m Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
1982 Special Voluntary Retirement Plan of Minnesota Mining & Manufacturing Company
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Retirement · Active | Form 5500 ↗ |
3m Employee Retirement Income Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does 3M match 401(k) contributions?
The match terms for the 3m Voluntary Investment Plan and Employee Stock Ownership Plan have not been published from its filing yet. The plan year 2024 filing reports $167M in employer contributions, about $4,145 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the 3M 401(k) match vested?
The vesting schedule for the 3m Voluntary Investment Plan and Employee Stock Ownership Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the 3M 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is 3m Company.
I left 3M. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (3m Company, (651) 733-1005) or the recordkeeper, Empower Annuity Insurance Company O. The 3M old 401(k) page lists the contacts from every plan filing. Find an old 3M 401(k)
Data from the public Form 5500 annual reports 3M filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with 3M. Not financial advice. Report a correction · Methodology