- Associated Press - Saturday, May 6, 2017

MINNEAPOLIS (AP) - The U.S. Department of Labor is investigating certain investments, expenses, loans and distributions made by 3M Co.’s pension plan..

The Star Tribune reports (https://strib.mn/2pRb1s1) that the Maplewood company revealed the investigation this week in a Securities and Exchange Commission filing.

The company’s quarterly report says the Department of Labor notified the company in April 2015 about the probe.

A 3M spokeswoman said that the company would have nothing to say beyond what was written in the recent quarterly report. The government did not return a call seeking comment.

The company’s annual report in 2016 showed that the pension plan was worth nearly $19.7 billion.

___

Information from: Star Tribune, https://www.startribune.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide