2015-11-13T09:50:51-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 411294448 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 3MEM 6517368146 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 KIMBERLY M TORSETH ASST TREASURER 6517368146 2015-11-09 1 KAREN GRIES P00078514 6123764500 2015-11-09 2014 2016-03-07 17:11:31Z JANICE K ANGELL 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 99153221 0 X N/A X 1976 MA FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES 3 3 0 7 49617185 42049202 0 0 32296566 30409259 45621887 73559171 16427900 -4815209 94346353 99153221 0 0 115281039 128318992 70030 71323 0 0 0 47279187 25153592 162630256 153543907 -68283903 -54390686 911134362 900299035 95776389 110613091 815357973 789685944 N/A 0 0 FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 BE 0 0 0 0 X 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X MATT GINTER 6517337377 3M CENTER BUILDING 224-5S-26 ST PAUL MN 55144 SCOTT D KROHN DIRECTOR 1.00 2.00 X 0 0 0 GREGG M LARSON DIRECTOR 1.00 2.00 X 0 0 0 MARLENE M MCGRATH DIRECTOR 1.00 2.00 X 0 0 0 THE BANK OF NEW YORK MELLON TRUSTEE 1.00 2.00 X 71323 0 0 JANICE K ANGELL PRESIDENT 1.00 2.00 X 0 0 0 DAVID J OVERSTREET SECRETARY 1.00 2.00 X 0 0 0 DENNIS P DUERST TREASURER 1.00 2.00 X 0 0 0 KIMBERLY M TORSETH ASST. TREASURER 1.00 2.00 X 0 0 0 71323 0 0 0 0 0 0 BLUE CROSS BLUE SHIELD 3535 BLUE CROSS ROAD EAGAN MN 551221154 PROCESS MEDICAL CLAIMS 2459734 HEWITT 45 SOUTH 7TH STREET SUITE 2100 MINNEAPOLIS MN 55402 RECORDKEEPING SERVICES 1238248 NORTHERN TRUST 50 SOUTH LASALLE STREET CHICAGO IL 60603 INVESTMENT MANAGER 733986 DELTA DENTAL 3560 DELTA DENTAL DRIVE EAGAN MN 551223166 PROCESS DENTAL CLAIMS 534159 CAREMARK 2211 SANDERS ROAD NORTHBROOK IL 60062 PROCESS MEDICAL PRESCRIPTION DRUG CLAIMS 259725 8 MEMBER CONTRIBUTIONS 900099 28426779 28426779 OTHER CONTRIBUTIONS 900099 1982480 1982480 30409259 20374719 12468487 7906232 53184452 0 53184452 53184452 37148698 16035754 PARTNERSHIP INCOME 900001 -4815209 -4815209 -4815209 99153221 30409259 49617185 19126777 128318992 71323 126392 894335 1288376 UBI TAXES 19004393 ADMIN. EXPENSES 3252163 OTHER 552370 STOCK LOAN EXPENSES 35563 153543907 736 118899 6496 6496 626286058 627320241 271156008 247887199 13685064 24966200 911134362 900299035 7485770 8612143 88290619 102000948 95776389 110613091 X 0 0 0 0 815357973 789685944 815357973 789685944 911134362 900299035 -54390686 28718657 0 X 0 1 X 1 0 0 PARTNERSHIP/JOINT VENTURE 68921274 F POOLED SEPARATE ACCOUNT 19615073 F 103-12 INVESTMENT 40472 F OTHER INVESTMENTS 159310380 F 247887199 UBIT PAYABLE 82385875 COLLATERAL FOR SECURITIES LOANED 19615073 102000948 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 PLAN IS CURRENTLY UNDER EXAMINATION BY THE IRS FOR ITS U. S. FEDERAL INCOME TAX RETURN FOR THE YEARS 2008, 2009 AND 2010. THE COMPONENT OF TRUST I SUBJECT TO COLLECTIVE BARGAINING AGREEMENTS CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE IRC AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(A). TRUST I OBTAINED ITS LATEST DETERMINATION LETTER ON JUNE 22, 1977, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST I, AS THE DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST I HAS BEEN AMENDED SINCE RECEIVING ITS DETERMINATION LETTER. HOWEVER, TRUST I'S ADMINISTRATOR BELIEVES THAT THE PLAN AND TRUST IS 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, 2014, 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 PLAN RECOGNIZED IN THE STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS APPROXIMATELY $3,747,778 OF EXPENSE IN 2014. 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, 2014, THERE ARE NO ACCRUED INTEREST AND PENALTIES RECORDED FOR THIS ISSUE. FORM 990, PART VI, SECTION A, LINE 8A THE TRUST IS NOT REQUIRED TO HOLD MEETINGS. THEREFORE, THE TRUST DID NOT PREPARE ANY CONTEMPORANEOUS DOCUMENTATION. FORM 990, PART VI, SECTION A, LINE 8B THE TRUST IS NOT REQUIRED TO HOLD MEETINGS. THEREFORE, THE TRUST DID NOT PREPARE ANY CONTEMPORANEOUS DOCUMENTATION. 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 EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST II 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 363604792 FINANCE MEDICAL, DENTAL, & L-T DISABILITY BENEFITS TO CURRENT 3M EMPLOYEES MN 501(C)(9) N/A N/A 0 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST III 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 411746690 FINANCE LIFE INSURANCE BENEFITS TO RETIRED 3M EMPLOYEES MN 501(C)(9) N/A N/A 0 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 FINANCE BENEFITS TO MEMBERS OF THE CORPORATION MN 501(C)(9) N/A N/A 0 3M COMPANY 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 410417775 MANUFACTURING MN N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1