2012-11-15T13:53:21-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-01-01 411746690 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST III 3MEM 6517368146 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 KIMBERLY M TORSETH 6517368146 2012-11-14 1 XIAOYAN LUO P01305207 6123764500 2011 2016-02-24 21:20:13Z JANICE K ANGELL 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 8242476 0 X N/A X 1992 MA FINANCE THE COSTS ASSOCIATED WITH PROVIDING LIFE INSURANCE BENEFITS TO RETIRED 3M EMPLOYEES. 3 3 0 8 0 0 0 0 0 0 1879117 -14403769 0 6801381 1879117 -7602388 0 0 8126177 8989575 3262 19671 0 0 0 659388 847037 8788827 9856283 -6909710 -17458671 72418013 69322812 4399869 6660618 68018144 62662194 N/A 0 0 FINANCE COSTS ASSOCIATED WITH PROVIDING LIFE INSURANCE BENEFITS TO RETIRED 3M EMPLOYEES. 0 0 0 0 0 0 0 0 0 0 1 0 1 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 0 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 19341 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 19341 0 0 0 0 0 0 RELIASTARING 20 WASHINGTON AVE S MINNEAPOLIS MN 554011900 PROCESS LIFE INSURANCE CLAIMS 536388 MERCER 333 S SEVENTH ST 1600 MINNEAPOLIS MN 55402 RECORDKEEPING SERVICES 236235 2 1441095 1441095 15844864 -15844864 -15844864 -15844864 INSURANCE PROCEEDS 900099 6801381 6801381 6801381 -7602388 0 0 -7602388 8989575 19341 330 1876 32298 255585 ADMIN. EXPENSES 550782 OTHER EXPENSES 5287 STOCK LOAN FEES 1209 9856283 -76188 -2692 8903 55256804 56678133 16923485 5619545 305009 7027826 72418013 69322812 1835367 1931792 2564502 4728826 4399869 6660618 X 0 0 0 0 68018144 62662194 68018144 62662194 72418013 69322812 X -17458671 12102721 X 0 1 1 X 0 0 103-12 INVESTMENT 367488 F POOLED SEPARATE ACCOUNT 4728826 F OTHER INVESTMENTS 523231 F 5619545 ACCRUED INCOME AND PENDING TRADES 226445 INSURANCE RECEIVABLE 6801381 7027826 COLLATERAL FOR SECURITIES LOANED 4728826 4728826 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 III OBTAINED ITS LATEST DETERMINATION LETTERS ON NOVEMBER 22, 1993, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST III, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST III'S ADMINISTRATOR BELIEVES THAT THE PLAN AND TRUST 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: 12,102,721. 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 411294448 FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES MN 501(C)(9) N/A N/A 0 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 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