2012-11-15T13:52:56-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-01-01 411294448 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 3MEM 6517368146 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 KIMBERLY M TORSETH 6517368146 2012-11-14 1 XIAOYAN LUO P01305207 6123764500 2012-11-14 2011 2016-02-24 21:20:13Z JANICE K ANGELL 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 153562055 0 X N/A X 1976 MA FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES 3 3 0 8 19226038 -1300144 0 0 134368312 122744691 59261909 -6573603 13717194 11936631 207347415 128107719 0 0 151163292 135916923 19686 68061 0 0 0 30255417 14473162 181438395 150458146 25909020 -22350427 814859247 852956195 92247213 116167318 722612034 736788877 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 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 H W GJERSDAL 6517336099 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 ANGELA S LALOR 1.00 X 0 0 0 GREGG M LARSON 1.00 X 0 0 0 JANET L YEOMANS 1.00 X 0 0 0 THE BANK OF NEW YORK MELLON 1.00 X 68061 0 0 JANICE K ANGELL 1.00 X 0 0 0 DAVID J OVERSTREET 1.00 X 0 0 0 DENNIS P DUERST 1.00 X 0 0 0 KIMBERLY M TORSETH 1.00 X 0 0 0 68061 0 0 0 0 0 0 BLUE CROSS BLUE SHIELD 3535 BLUE CROSS ROAD EAGAN MN 551221154 PROCESS MEDICAL CLAIMS 6027708 MERCER 333 SOUTH SEVENTH STREET 1600 MINNEAPOLIS MN 55402 RECORDKEEPING SERVICES 1279896 NORTHERN TRUST 50 SOUTH LASALLE STREET CHICAGO IL 60603 INVESTMENT MANAGER 625248 CAREMARK 2211 SANDERS ROAD NORTHBROOK IL 60062 PROCESS MEDICAL PRESCRIPTION DRUG CLAIMS 535828 DELTA DENTAL 3560 DELTA DENTAL DRIVE EAGAN MN 551223166 PROCESS DENTAL CLAIMS 521313 7 EMPLOYER CONTRIBUTIONS 900099 60750248 60750248 MEMBER CONTRIBUTIONS 900099 55895115 55895115 OTHER CONTRIBUTIONS 900099 6099328 6099328 122744691 10981047 10338008 643039 7899686 25454336 -17554650 -17554650 7715063 -25269713 PARTNERSHIP INCOME 900001 11936631 1172967 10763664 11936631 128107719 122744691 19226038 -13863010 135916923 68061 69060 1944199 1591372 ADMIN. EXPENSES 6987627 UBI TAXES 3477393 OTHER 365502 STOCK LOAN EXPENSES 38009 150458146 -165797 11394 282472 24661 452363392 472222035 341179138 365639397 21200042 15058708 814859247 852956195 20232873 13748426 72014340 102418892 92247213 116167318 X 0 0 0 0 722612034 736788877 722612034 736788877 814859247 852956195 X -22350427 36527270 X 0 1 1 X 0 0 PARTNERSHIP/JOINT VENTURE 130401065 F POOLED SEPARATE ACCOUNT 72893686 F OTHER INVESTMENTS 162344646 F 365639397 UBIT PAYABLE 29525206 COLLATERAL FOR SECURITIES LOANED 72893686 102418892 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 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 DOES NOT FILE A UBIT RETURN IN STATE OR FOREIGN JURISDICTIONS. 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, 2011, 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; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008. FORM 990, PART VI, SECTION A, LINE 8A THE TRUST IS NOT REQUIRED TO HOLD MEETINGS. THEREFORE, THE TRUST DID NOT PREPARE ANY CONTEMPORANEOUS DOCUMENTION. FORM 990, PART VI, SECTION A, LINE 8B THE TRUST IS NOT REQUIRED TO HOLD MEETINGS. THEREFORE, THE TRUST DID NOT PREPARE ANY CONTEMPORANEOUS DOCUMENTION. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 36,527,270. 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