PlanOptica
Retirement plan

GENERAL MILLS PENSION PLAN

GENERAL MILLS, INC.EIN 41-0274440Plan #001PY 2024
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ONE GENERAL MILLS BOULEVARD, MO2-E - MINNEAPOLIS, MN 554261348877-430-4015generalmills.comLinkedIn10001+ employeesconsumer goods
Other plans on this EIN
3 filings
#002Retirement-$5.04B assets#006Retirement-$3.71B assets#054Retirement-$19.5M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 430-4015
Plan administrator signer
KRISTINA MAERCKLEIN
Signed 10/15/2025
How to read this page

Summary metrics

Total assets (EOY)
$1518M
-2.9% from 2016
Total participants
16,513
+0.5% from 2016
Average account balance
$0
No prior year
Annual return
0.71%
-8.46 pp from 2016

Benchmarks

See 34 peers
Peer group
Industry31 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort34 peers
Snapshot2024
Participant deferral / active EE
$0
median $197
Employer contribution / active EE
$0
median $3,928
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
0.71%
median 2.73%
Overall peer rank
24th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.52B
Average account balance
Total assets / participants with a balance (line 6g)
$92K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
12,362
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.71%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 9 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS3 years
Service code 13 · EIN 86-1849232
Contract Administrator
$778,141
AON CONSULTING INC.3 years
Service code 11 · EIN 22-2232264
Actuarial
$489,657
THE BANK OF NEW YORK MELLON10+ years
Service code 19 · EIN 13-5160382
Securities Custodian
$328,870
GENERAL MILLS, INC3 years
Service code 14 · EIN 41-0274440
Plan Administrator
$245,429
KPMG, LLP10+ years
Service code 10 · EIN 13-5565207
Accounting
$56,298
XEROX CORPORATION8 years
Service code 36 · EIN 16-0468020
Copying and duplicating; Direct payme...
$35,650
DELOITTE & TOUCHE1 year
Service code 10 · EIN 13-3891517
Accounting
$20,545
REFINITIV EIKON3 years
Service code 49 · EIN 20-4530702
Other Services
$20,206
CBIZ3 years
Service code 10 · EIN 20-1128317
Accounting
$15,000

Enrolled actuary

1 attachment
SB

KESA COLLINS

AON CONSULTING INC.
Enrollment #2307895
5600 WEST 83RD STREET
SUITE 1100, 8200 TOWER
MINNEAPOLIS, MN 554371024
(952) 886-8000
Signed 2025-08-12

Top hat statement on fileNQDC

Filed June 26, 2018 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
Number One General Mills Boulevard, M04-B
Minneapolis State: MN Zip Code: 55426
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (2)

  • Supplemental Retirement Plan I of General Mills, Inc.378 emp
  • Supplemental Retirement Plan I of General Mills, Inc. (Grandfathered)874 emp

Total covered: 1,252 employees

Open the filing PDF

Plan features & details

Pension benefit codes1A3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$3.7M
$885 / participant
  • Recordkeeping$774K21.1%
  • Trustee / custodial$229K6.2%
  • Actuarial$490K13.3%
  • Salaries / allowances$245K6.7%
  • Other trustee fees$100K2.7%
  • Contract admin$4K0.1%
  • Other / not subdivided$2M49.9%
% of EOY assets
0.242%
all-in expense ratio
Categories reported
6 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
KPMG LLP
Auditor EIN
135565207
Audit fees
$91,843
Opinion code
Unqualified