6 additional years of work Up to $48,200 in lost retirement savings.3M Voluntary Investment Plan & Employee Stock Ownership Plan is a defined contribution plan with a profit-sharing component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 77. This plan is in the top 15% of plans for Account Balances, Investment Menu Quality, Salary Deferral, and Total Plan Cost. 3M Voluntary Investment Plan & Employee Stock Ownership Plan currently has over 47,900 active participants and over $7.2B in plan assets.
| Address |
3m Center 224-2w-15
St Paul, MN 55144-1000 |
| Industry | Manufacturing |
| Administrator | Janice Angell, VP Comp and Benefits |
| Net Plan Assets | $7,190,000,000 |
| Total Participants | 48,000 |
| Avg Account Balance | $150,000 |
| Johnson & Johnson | 84.5 |
| Kimberly-Clark | 82.5 |
| Corning | 80.2 |
| Textron | 78.7 |
| Philips Electronics North America | 78.3 |
| Honeywell International | 78.1 |
| 1. | 3M Company Common Stock | 24% |
| 2. | Total Guaranteed Investment Contracts | 20% |
| 3. | SSgA S&P 500 Flagship | 8% |
| Recordkeeper | Aon Hewitt EnnisKnupp |
| Corporate Trustee | BlackRock, Inc. |
| Investment Adviser | Hartford |
| Administration | None |
| Consultant | Deloitte & Touche, LLP |
| Auditor | PricewaterhouseCoopers LLP |
| Corporate Trustee | State Street Global Advisors |
BrightScope Rating
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