3M SAVINGS PLAN
- Address: 3M CENTER,,ST. PAUL,MN
- Contact person: DEIDRE REHFELD
- Phone: (651) 733-1005
Investment Options of 3M SAVINGS PLAN (as of 2022) |
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3M VOLUNTARY INVESTMENT PLAN & SAVI (3M COMPANY) |
COLLECTIVE TRUST GOVERNMENT SHORT T (THE BANK OF NEW YORK MELLON) |
3M SAVINGS PLAN has the following features:
Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
At the end of 2022, the total retirement plan assets of 3M SAVINGS PLAN is $247,033,589.00.This plan was established in 1988.
At the end of 2022, the total number of retirement plan participants in 3M SAVINGS PLAN is 2617
In 2022, the average participant retirement account value for 3M SAVINGS PLAN is $94,395.00
In 2022, the estimated average employee contribution amount per participant for 3M SAVINGS PLAN is $4,968.00
In 2022, the estimated average employer match for an employee in 3M SAVINGS PLAN is approximately $1,808.00
In 2022, 3M SAVINGS PLAN allocates $4,733,688.00 to match its employees' contributions, providing an employer match rate of 37.70% of their contributions
In 2022, the total retirement plan asset growth rate of 3M SAVINGS PLAN is -24.08%
In 2022, the estimated aggregate retirement account investment gain/loss for 3M SAVINGS PLAN is -18.27%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of 3M SAVINGS PLAN is 0.07%.
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