2023 Form 5500 filing — 3m Voluntary Investment Plan And Employee Stock Ownership Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014163248NAL0027868097001) for 3m Voluntary Investment Plan And Employee Stock Ownership Plan, reported by 3m Company under EIN 41-0417775 and plan number 333. It reports 55,591 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014163248NAL0027868097001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- 3m Company
- EIN
- 41-0417775
- Plan number
- 333
- Location
- St. Paul, MN
- Participants
- 55,591
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,046,615,880
- Total liabilities (EOY)
- $2,454,589
- Net assets (EOY)
- $12,044,161,291
- Employer contributions
- $220,001,972
- Participant contributions
- $352,321,538
- Total income / additions
- $2,279,760,236
- Benefits paid
- $1,365,283,097
- Administrative expenses
- $6,208,603
- Total expenses
- $1,373,987,096
- Net increase / (decrease)
- $905,773,140
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Great West Trust Company (Empower) | NONE | $1,644,593 | not reported in the loaded dataset |
| Blackrock Institutional Trust Co | NONE | $1,437,600 | $0 |
| Pgim, Inc. | NONE | $788,076 | not reported in the loaded dataset |
| Doubleline Capital Lp | NONE | $777,279 | $0 |
| Pacific Investment Management Co | NONE | $537,809 | $0 |
| State Street Bank And Trust | NONE | $429,068 | not reported in the loaded dataset |
| The Bank Of New York Mellon | NONE | $266,106 | $0 |
| 3m Company | PLAN SPONSOR | $252,700 | $650 |
| Newport Trust Company | NONE | $190,407 | not reported in the loaded dataset |
| Cliftonlarsonallen Llp | NONE | $144,025 | not reported in the loaded dataset |
| Nepc, LLC | NONE | $119,781 | not reported in the loaded dataset |
| Hr Advantage Inc | NONE | $66,421 | not reported in the loaded dataset |
| Plante & Moran, Pllc | NONE | $52,792 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | NONE | $24,147 | $12,798 |
| Mercer (Us) Inc. | NONE | $18,797 | not reported in the loaded dataset |
| Curcio Webb LLC | NONE | $14,749 | not reported in the loaded dataset |
| Tempo Holding Company, LLC | NONE | $11,145 | not reported in the loaded dataset |
| Backstop Solutions Group, LLC | NONE | $10,457 | not reported in the loaded dataset |
| Seyfarth Shaw Llp | NONE | $8,655 | not reported in the loaded dataset |
| Factset Research Systems Inc. | NONE | $6,533 | not reported in the loaded dataset |
| Bloomberg Finance | NONE | $5,517 | not reported in the loaded dataset |
| Deloitte Consulting Llp | NONE | $5,405 | not reported in the loaded dataset |