2017-11-13T14:49:12-06:00 2016-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIR STE 4000 INDIANAPOLIS IN 46204 990 2016-01-01 411294448 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I % JED LARKIN 3MEM 6517368146 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 KIMBERLY M TORSETH ASST. TREASURER 6517337377 2017-11-13 true BENJAMIN PITCHKITES P00362066 3176817000 164.57.159.254 35057220173175000009 2017-11-13 P 2990B592E5B9A61A14B4778895BEE5D93CBCCE92 67B2BC73841294F920BAF1B46A562EAEE307B1D6 2016 2017-02-10 21:41:12Z JANICE K ANGELL 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 84693981 false X N/A X 1976 MA FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES. 3 3 0 7 64856224 64749141 0 0 15192747 3634705 84649309 80247386 -1327128 811890 98514928 84693981 0 0 102894108 88917078 75770 74051 0 0 0 3036811 23104024 106006689 112095153 -7491761 -27401172 806345897 771149152 94779411 94819264 711566486 676329888 FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES. false false 0 0 0 FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES. 0 false false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 true true true BE false false false false X 3 3 false false false false false false false true false false false false false false false false false false X JED LARKIN 6517337377 3M CENTER BUILDING 224-5S-26 ST PAUL MN 55144 MATTHEW J GINTER DIRECTOR 1.0 2.0 X 0 0 0 GREGG M LARSON DIRECTOR 1.0 2.0 X 0 0 0 MARLENE M MCGRATH DIRECTOR 1.0 2.0 X 0 0 0 THE BANK OF NEW YORK MELLON TRUSTEE 1.0 2.0 X 74051 0 0 MICHAEL A ANDERSON PRESIDENT 1.0 2.0 X 0 0 0 DAVID J OVERSTREET SECRETARY 1.0 2.0 X 0 0 0 DENNIS P DUERST TREASURER 1.0 2.0 X 0 0 0 KIMBERLY M TORSETH ASSISTANT TREASURER 1.0 2.0 X 0 0 0 74051 0 0 0 false false false HEWITT 45 SOUTH 7TH STREET SUITE 2100 MINNEAPOLIS MN 55402 RECORDKEEPING svcs 1494533 NORTHERN TRUST 50 SOUTH LASALLE STREET CHICAGO IL 60603 INVESTMENT MANAGER 693305 WESTERN ASSET 620 8th Ave 50 NEW YORK NY 10018 investment manager 171147 3 0 EMPLOYEE CONTRIBUTIONS 525100 265672 265672 CONTRIBUTIONS REBATE 525100 3369033 3369033 3634705 19314296 9317136 9997160 0 0 0 0 0 60933090 60933090 60933090 55539088 5394002 0 0 0 0 0 0 0 0 0 PARTNERSHIP INCOME 900001 768591 768591 MISCELLANEOUS INCOME 900099 43299 43299 811890 84693981 3634705 64856224 16203052 0 0 0 88917078 74051 0 0 0 0 0 0 0 77970 0 0 911648 1527802 0 0 0 0 0 0 0 0 0 0 0 0 UBI TAXES 12782156 BAD DEBTS - INSURANCE REC. 7630661 SERVICE FEES 97081 OTHER FEES 48215 28491 112095153 0 0 3248 2014 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 563484794 547341164 231724479 216563359 0 0 0 0 11133376 7242615 806345897 771149152 2592114 3549978 0 0 0 0 0 0 0 0 0 0 0 0 0 0 92187297 91269286 94779411 94819264 X 0 0 0 0 711566486 676329888 711566486 676329888 806345897 771149152 -27401172 -7835426 X false true X true false PARTNERSHIP/JOINT VENTURE 26775495 F POOLED SEPARATE ACCOUNT 23475726 F 103-12 INVESTMENT 50853 F OTHER INVESTMENTS 166261285 F 216563359 0 OBLIGATION FOR COLLATERAL 23475726 UBIT PAYABLE 67793560 91269286 X PART X, LINE 2 THE COMPONENT OF TRUST I NOT SUBJECT TO COLLECTIVE BARGAINING AGREEMENTS CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(A), EXCEPT FOR ANY UNRELATED BUSINESS INCOME. SUCH UNRELATED BUSINESS INCOME ESSENTIALLY CONSISTS OF INVESTMENT INCOME AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES BASED UPON THE CHARACTER OF THE INCOME TAXED (CAPITAL VERSUS ORDINARY). THE PLAN FILES UNRELATED BUSINESS INCOME TAX (UBIT) RETURNS IN THE U.S. FEDERAL JURISDICTION. THE COMPONENT OF TRUST I SUBJECT TO COLLECTIVE BARGAINING AGREEMENTS AND TRUST III CONSTITUTE A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE IRC AND ARE, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(A). TRUST I AND TRUST III OBTAINED THEIR LATEST DETERMINATION LETTERS ON JUNE 22, 1977 AND NOVEMBER 22, 1993, RESPECTIVELY, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST I AND TRUST III, AS THEN DESIGNED, WERE IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST I AND TRUST III HAVE BEEN AMENDED SINCE RECEIVING DETERMINATION LETTERS. HOWEVER, TRUST I AND TRUST III'S ADMINISTRATOR BELIEVES THAT THE PLAN AND TRUSTS ARE CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS OF THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2016, THERE IS ONLY ONE UNCERTAIN POSITION TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY AND DISCLOSURE IN THE FINANCIAL STATEMENTS. THIS POSITION RELATES TO THE "SET ASIDE". THE IRC PROVIDES THAT PASSIVE INCOME CAN BE "SET ASIDE" IF IT IS USED FOR THE PURPOSE OF THE PAYMENT OF BENEFITS OR FOR ADMINISTRATIVE COSTS RELATED TO SUCH PURPOSE. THE PLAN ADMINISTRATOR BELIEVES THE PASSIVE INCOME USED TO PAY CLAIMS INCURRED BUT NOT REPORTED CAN BE "SET ASIDE." THE PLAN RECOGNIZES INTEREST AND PENALTIES ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN TAX EXPENSE. THE AMOUNT OF INTEREST AND PENALTIES RECOGNIZED MAY BE AN EXPENSE OR BENEFIT DUE TO NEW OR REMEASURED UNRECOGNIZED TAX BENEFIT ACCRUALS. AT DECEMBER 31, 2016, the Plan recognized approximately $7,762 in interest and penalties for this issue. FORM 990, PART VI, SECTION A, LINE 8B THE TRUST DOES NOT HAVE ANY COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY INDIVIDUALS WITHIN THE 3M COMPANY TAX DEPARTMENT PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTATION AND FINANCIAL STATEMENTS ARE NOT LEGALLY REQUIRED TO BE DISCLOSED TO THE PUBLIC AND THEREFORE ARE NOT MADE AVAILABLE. THE TRUST DOES NOT HAVE A CONFLICT OF INTEREST POLICY. 3M EES WELFARE BEN ASSOC TRUST II 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 363604792 FIN HLTH CARE MA 501(C)(9) N/A NA false 3M EES WELFARE BEN ASSOC TRUST III 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 411746690 FIN HLTH CARE MA 501(C)(9) N/A NA false 3M EES WELFARE BEN ASSOC 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 411414203 FIN HLTH CARE MA 501(C)(9) N/A NA false 3M COMPANY 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 410417775 MANUFACTURING MA NA c corp false false false false false false false false false false false false false false false true false true false true