HORMEL FOODS CORPORATION SALARIED EMPLOYEES PENSION PLAN is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age.
Similarly one may ask, does 3m have a pension plan?
Our retirement program provides a solid foundation of retirement benefits, which includes a 401(k) plan with a company matching contribution and employer contributions to a Retirement Income Account.
Also know, what is 3M retirement income account?
Retirement Income Account (RIA): This is a non-elective, automatic account. 3M contributes a percentage of your eligible pay each payroll payment to the Retirement Income Account. Voluntary benefits. Voluntary benefits are optional programs offered to employees at a group discount but not subsidized. by 3M.
How much do 3M sales reps make?
The average 3M Sales Rep earns $103,750 annually, which includes a base salary of $71,500 with a $32,250 bonus. This total compensation is $6,367 less than the US average for a Sales Rep. Sales Rep salaries at 3M can range from $50,000 – $160,000 with equity ranging from 0-10K.