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For over 25 years, Landmark wealth advisors have educated 3M Company employees on leveraging their benefits to achieve financial goals now and in retirement. 

Our expanding team provides ongoing educational opportunities including live webinars, instructional videos, local lunch-and-learn events, and more. With dedicated advisors working with employees of the 3M Company throughout the United States, Landmark continues to grow our outreach focused on empowering current and former 3M employees to maximize their financial wellbeing. We want to help you understand how your employee benefits fit into your retirement plans.

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Meet with an advisor for a complimentary visit to learn more.

Landmark Wealth Management Group (“Landmark”) is not affiliated with, or endorsed by the 3M Company, nor the representatives of its benefits, retirement or pension plans.  Landmark has experience in helping investors gain a better understanding of company benefit and retirement plans and in reviewing options available, but Landmark may not have a complete picture of your particular situation. For comprehensive details of your specific plan and available options, it may be necessary to contact your Human Resources department and/or Retirement Plan Administrator.

Preparing Employees of the 3M Company Impacted by the Pension Freeze in 2029

The 3M Company CEO Mike Roman recently announced 2 significant changes impacting 3M non-union employees:

  • First, those individuals moving to Solventum and currently participating in the ERIP, Nonqualified and GRP may participate in “substantially replicated” pension programs at the new spin-off.  
  • Second, for 3M and Solventum non-union employees participating in the above-referenced pension plans will “freeze” on 12/31/2028.  As a pension eligible employee, “you will continue to accrue benefits according to the applicable pension plan terms until the freeze date.” All accruals will stop after 12/31/2028.  

 Citation from 3M CEO Mike Roman’s message, 1/8/2024 at 7:08 AM CST.

These significant changes are impacting many 3M Company employees. Many of you impacted may want to place more focus on your other retirement savings programs, especially your 3M Company and Solventum 401K plans. Considerations may include your allocations, 401K Roth contributions, Roth conversions, backdoor-Roth IRAs, HSA's, and deferred income programs, among others, to ensure a more confident financial journey toward abundance. 

For more information about how these changes may impact you and creative solutions to combat the pension freeze, schedule a complimentary virtual or in-office visit by clicking on the Meet with an Advisor button below. 

Meet with an Advisor

Q&A Webinar for Employees of the 3M Company:
Q&A Session - How Will 2024 Tax Changes Affect You? 

Landmark wealth advisors answer questions regarding how 3M employee benefits and changes in 2024 income taxes can work together for retirement planning.  

Topics covered during this webinar include: 

  • Updated income tax brackets
  • Standard deduction changes
  • FSA & HSA contributions
  • Social Security

Landmark Wealth Management Group does not provide tax or legal advice, and nothing contained in these materials should be taken as tax or legal advice. Please consult with your tax professional regarding your particular situation before implementing any strategies discussed. 

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