# 3M Employee Retirement Income Plan

3M Employee Retirement Income Plan is a Pension Fund based in Saint Paul, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Saint Paul, United States
- **Region:** North America
- **Address:** Saint Paul, MN, United States
- **Founded:** 1931
- **Assets under management:** 2.5B (Altss estimate)
- **Website:** 3m.com
- **LinkedIn:** https://www.3m.com

## Regulatory record

- **Reports private funds:** No

## About

The 3M Employee Retirement Income Plan is a defined benefit pension sponsored by 3M Company. The plan receives contributions from the corporate sponsor and invests those assets to meet future payment obligations to participants. Assets include a $1.3B hedge fund portfolio, a global real estate allocation through funds and REITs, and a diversified commodity book accessed via derivatives. Confirmed commitments run to NB Alternatives Advisers, Diameter Capital Partners, RoundTable Healthcare Partners, PAG, Blue Water Energy Fund I, and IWC Timberland Partners I. The geographic reach covers the United States, Hong Kong, the United Kingdom, and other markets. The plan uses State Street Bank and Trust Company as custodian and works with State Street Global Advisors, Acadian Asset Management, and PIMCO as investment advisors. Metropolitan Tower Life Insurance Company assumed a portion of retiree annuity obligations in 2024. Foley & Lardner and Foster Pepper provide legal counsel. Governance flows through the internal Pension Asset Committee, which sets policy and monitors 3M Investment Management Corporation as named fiduciary. The structure keeps investment decisions inside the sponsor rather than delegating to an external multi-family platform.

## Sectors

- Hedge Funds
- Real Estate
- Commodities
- Private Credit

## Questions

### Who directs investment decisions at the 3M Employee Retirement Income Plan?

The Pension Asset Committee sets policy and 3M Investment Management Corporation acts as named fiduciary and day-to-day manager.

### Does the plan commit to external funds or hold direct investments?

The plan holds limited partner interests in multiple external funds and also maintains a public equity book that includes 3M common stock contributed by the sponsor.

### What asset classes appear in the plan's portfolio?

Holdings span hedge funds, global real estate, commodities via futures, insurance contracts, and a modest number of public equities outside the sponsor.

### Which managers have received commitments from the plan?

Known positions include NB Alternatives Advisers, Diameter Capital Partners, RoundTable Healthcare Partners, PAG, Blue Water Energy Fund I, and IWC Timberland Partners I.

### What recent change affected the plan's liability profile?

In 2024 the plan transferred a block of retiree annuity obligations and associated assets to Metropolitan Tower Life Insurance Company.

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- [Parcion Private Wealth](https://altss.com/profile/parcion-private-wealth-llc)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/3m-employee-retirement-income-plan

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