171 employees reported this benefit
Retirement benefits are offered to 3M employees.
This information about the Retirement Plan benefit at 3M is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of 3M. The description here may not reflect the current 3M Retirement Plan benefit.
Strong 401k options with 5% match at 1:1 (recently dropped from 6%... bummer!) plus an additional automatic 3% into a separate retirement account. For mega-savers, Mega-Backdoor-Roth-IRA is available.
Great retirement plan. I am updated monthly on all the changes if there is any. It has been smooth sailing since December 2015.
Depends on your investment choices
very motivating to see great plans for old age
The Retirement plan is normal
They had a pension plan but is no longer available to new employees.
Still have pension in place for older employees
My rate of return has averaged 8% over nearly a decade.
It's changed dramatically over the years. I believe we do not offer attention anymore. With that said, they have adjusted the comp plan and it is very aggressive still.