2014-11-13T21:28:28-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-01-01 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 2014-11-13 1 KAREN GRIES P00078514 6123764500 2014-11-10 2013 2015-11-30 17:44:51Z JANICE K ANGELL 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 131469350 0 X N/A X 1976 MA FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES 3 3 0 8 50220173 24514402 0 0 114819290 32296566 32966773 45621887 20206637 16427900 167992700 94346353 0 0 139548223 115281039 70930 70030 0 0 0 18698243 47279187 158317396 162630256 9675304 -68283903 890489137 911134362 97822745 95776389 792666392 815357973 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 SCOTT KROHN 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 70030 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 70030 0 0 0 0 0 0 BLUE CROSS BLUE SHIELD 3535 BLUE CROSS ROAD EAGAN MN 551221154 PROCESS MEDICAL CLAIMS 2822345 HEWITT 45 SOUTH 7TH STREET SUITE 2100 MINNEAPOLIS MN 55402 RECORDKEEPING SERVICES 1348139 NORTHERN TRUST 50 SOUTH LASALLE STREET CHICAGO IL 60603 INVESTMENT MANAGER 725138 DELTA DENTAL 3560 DELTA DENTAL DRIVE EAGAN MN 551223166 PROCESS DENTAL CLAIMS 528323 CAREMARK 2211 SANDERS ROAD NORTHBROOK IL 60062 PROCESS MEDICAL PRESCRIPTION DRUG CLAIMS 342075 7 MEMBER CONTRIBUTIONS 900099 30390145 30390145 OTHER CONTRIBUTIONS 900099 1906421 1906421 32296566 19367775 13097176 6270599 63377109 37122997 26254112 26254112 37122997 -10868885 PARTNERSHIP INCOME 900001 15687124 15687124 MISCELLANEOUS INCOME 900099 740776 740776 16427900 94346353 32296566 50220173 11829614 115281039 70030 81092 1627796 1236581 UBI TAXES 40565120 ADMIN. EXPENSES 3409985 OTHER 326557 STOCK LOAN EXPENSES 32056 162630256 86979 736 8429 6496 546806370 626286058 324962015 271156008 18625344 13685064 890489137 911134362 23010217 7485770 74812528 88290619 97822745 95776389 X 0 0 0 0 792666392 815357973 792666392 815357973 890489137 911134362 -68283903 90975484 0 X 0 1 X 1 0 0 PARTNERSHIP/JOINT VENTURE 84546388 F POOLED SEPARATE ACCOUNT 11549748 F 103-12 INVESTMENT 51612 F OTHER INVESTMENTS 175008260 F 271156008 UBIT PAYABLE 76740871 COLLATERAL FOR SECURITIES LOANED 11549748 88290619 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 HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. 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, 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. IN 2012, TRUST I FILED AMENDED FEDERAL FORM 990-T'S FOR CALENDAR YEARS ENDING 2008-2010 FOR A CHANGE IN ESTIMATE OF ITS UBIT. 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 CHANGE IN ESTIMATE FOR THIS "SET ASIDE" AMOUNT RESULTED IN A RECEIVABLE OF $3,528,230 FOR TAX YEARS 2008-2011. THE RECEIVABLE IS INCLUDED ON THE INCOME TAXES PAYABLE LINE AT DECEMBER 31, 2013 AND ON THE INCOME TAXES RECEIVABLE LINE AT DECEMBER 31, 2012 ON THE STATEMENT OF NET ASSETS. THE AMENDED FORM 990-T'S ARE CURRENTLY BEING EXAMINED BY THE IRS. 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. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. 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 0 0 0 0 0