DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

3m Employee Retirement Income Plan

Corporate pensionST. Paul, MN
Assets
$8.9B
Total assets, Dec 31, 2024 reported
Funded
80.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
4
7 managers on Schedule C
Plan sponsor: 3m Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.3%
  • Non-interest-bearing cash 0.4%
  • Corporate debt instruments (other) 16.2%
  • Corporate debt instruments (preferred) 12.2%
  • U.S. Government securities 21.1%
  • Insurance company general account 0.1%
  • Other investments 1.4%
  • Partnership/joint venture interests 25.3%
  • Common/collective trusts 3.4%
  • Registered investment companies 0.2%
  • Common stock 16.1%
  • Preferred stock 0.3%
Consultants and advisers
16 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
4 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Collective Trust Government Stifcollective trustBNY MellonPooled vehicles$301M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Collective Trust Government Stifcollective trustBNY MellonPooled vehicles$790M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Group Pension Contractcollective trustSun LifePooled vehicles$429,669 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Collective Trust Government Stifcollective trustBNY MellonPooled vehicles$835M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$8.9B Dec 31, 2024 reported Form 5500
$14B (2023-12) · $14B (2022-12)
Plan assets
$12B Jan 1, 2024 reported Form 5500
$13B (2023-01) · $17B (2022-01)
Net assets
$8.2B Dec 31, 2024 reported Form 5500
$13B (2023-12) · $13B (2022-12)
Funded ratio
80.0% Jan 1, 2024 reported Form 5500
80.1% (2023-01) · 77.7% (2022-01)
Funding target
$12B Jan 1, 2024 reported Form 5500
$13B (2023-01) · $13B (2022-01)
Discount rate
5.06% Jan 1, 2024 reported Form 5500
5.21% (2023-01) · 5.37% (2022-01)
Participants
56,773 Jan 1, 2024 reported Form 5500
58,878 (2023-01) · 61,494 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$3.1B Dec 31, 2024 reported Form 5500
$1.4B (2023-12) · $1.4B (2022-12)
Net investment income
$-3.0B Dec 31, 2024 reported Form 5500
$-185M (2023-12) · $-4.5B (2022-12)
Investment management fees
$28.3M Dec 31, 2024 reported Form 5500
$21.8M (2023-12) · $29.3M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202456,773$12B$12B80.0%$8.9B$2.2Bn/an/a
2023 to Dec 31, 202358,878$13B$13B80.1%$14B$3.4Bn/an/a
2022 to Dec 31, 202261,494$17B$13B77.7%$14B$4.0Bn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
34 events
  • Dec 31, 2024Manager relationship endedinference
    Hamilton Lane Advisors no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Hamilton Laneaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Prudential Long Cred no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pgim Incaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    NB Pine Private Debt LP no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with NB Pine Private Debt LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Crestview III, LLP appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Crestview III, LLPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Apollo St Fund Management LLC no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Apollo St Fund Management LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Deloitte Consulting LLP appears on 3m Employee Retirement Income Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Deloitte Consulting LLPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    HR Advantage appears on 3m Employee Retirement Income Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Bank of New York Mellonaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    BCP Energy Services appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with BCP Energy Servicesaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Starwood X Management, LP appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Starwood X Management, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Onex Falcon Investment Advisors, Ll no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Falcon Investment Advisors, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Encap Energy Viii appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Encap Energy Viiiaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    William Blair Investment Management no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with William Blair Investment Mgmt, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    T. Rowe Price Associates, Inc. appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with T Rowe Price Associates Incaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    CVC Capital VI appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with DBL Partners III LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Innovation Lane LP appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Innovation Lane LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    GSO Capital Opps II appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with GSO Capital Opps IIaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Falcon Strategic Partners IV appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Falcon Strategic Partners IVaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    3m Employee Retirement Income Plan total assets $14.3B -> $8.9B (-37.8%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    3m Employee Retirement Income Plan no longer reports Group Pension Contract (last held $429,669 at 2022-12-31; absent from the 2023-12-31 filing)
    with Group Pension Contractaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Pride Technologies LLC no longer appears on 3m Employee Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Pride Technologies LLCaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Apollo St Fund Management LLC appears on 3m Employee Retirement Income Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)
    with Apollo St Fund Management LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    J.P. Morgan Investment Management I no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with J.P. Morgan Investment Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Hamilton Lane Advisors appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Hamilton Laneaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    FTI Consulting Inc. no longer appears on 3m Employee Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with FTI Consulting Inc.askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Curcio Webb, LLC no longer appears on 3m Employee Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Curcio Webbaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    T. Rowe Price Associates, Inc. no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with T Rowe Price Associates Incaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Berenson & Company no longer appears on 3m Employee Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Berenson & Companyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Innovation Lane LP no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Innovation Lane LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Robeco Investment Management (bosto no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with The Boston Companyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    GSO Capital Opportunities appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with GSO Energy Selectaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Energy Capital Partners no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Encap Energy Viiiaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Starwood Opportunity Fund X LP no longer appears on 3m Employee Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Starwood Opportunity Fund X, LPaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    3m Employee Retirement Income Plan funded ratio 77.7% -> 80.1% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    3m Employee Retirement Income Plan plan assets $17.0B -> $12.7B (-25.7%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 410417775-002
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.