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Company:
3M Company
Plan:
3M Voluntary Investment Plan & Employee Stock Ownership Plan
 

3M Company

77 Plan:

 
 
77
10
72
86
0
10
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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?]
6 additional years of work
Up to $48,200 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.

 

 Comments

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

 Top 3 Funds in this 401k

1. 3M Company Common Stock 24%
2. Total Guaranteed Investment Contracts 20%
3. SSgA S&P 500 Flagship 8%

  Plan Service Providers

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

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