3M Company
77
Plan:
10
72
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (77) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $48,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
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.
Retirement Plan Details
| 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 |
Compare Other Companies in Peer Group
| Johnson & Johnson | 84.5 |
| Kimberly-Clark | 82.5 |
| Corning | 80.2 |
| Textron | 78.7 |
| Philips Electronics North America | 78.3 |
| Honeywell International | 78.1 |
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