Retirement plan
RETIREMENT PLAN OF GENERAL MILLS, INC. AND THE BAKERY, CONFECTIONERY, TOBACCO AND GRAIN MILLER INTERNATIONAL UNION (BCTGM)
GENERAL MILLS, INC.EIN 41-0274440Plan #004PY 2016
NUMBER 1 GENERAL MILLS BLVD BT02-C - MINNEAPOLIS, MN 55426763-764-7600generalmills.comLinkedIn10001+ employeesconsumer goods
Other plans on this EIN
4 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
RONALD DRAYTON
Signed 10/11/2017
Plan administrator entity
BCTGM PENSION COMMITTEE
EIN 410274440
NUMBER ONE GENERAL MILLS BLVD · MINNEAPOLIS, MN 55426
Summary metrics
Total assets (EOY)
$821.5M
-1.3% from 2016
Total participants
6,941
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
6.58%
-8.52 pp from 2016
Benchmarks
Peer group
Industry31 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort96 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $5,633
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $41,934
0
Admin fee / account holder
$0
median $128
65
Annual return
6.58%
median 5.88%
Overall peer rank
65of 100
65th percentileavg across 6 metrics
Analytics
2015 - 2020
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$132K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,080
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
-97.22%
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 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
AON CONSULTING, INC.2+ years Service code 11 · EIN 22-2232264 | Actuarial | $303,104 |
GENERAL MILLS, INC2+ years Service code 50 · EIN 41-0274440 | Direct Payment | $243,879 |
THE BANK OF NEW YORK MELLON2+ years Service code 18 · EIN 13-5160382 | Trustee (bank, trust company, or simi... | $116,226 |
KPMG, LLP2+ years Service code 10 · EIN 13-5565207 | Accounting | $23,022 |
Service code 16 · EIN 20-4530702 | Consulting | $6,944 |
Enrolled actuary
1 attachment
SB
BRETT M. SWENSON
AON CONSULTING, INC.
Enrollment #1705948
5600 WEST 83RD STREET
SUITE 1100, 8200 TOWER
MINNEAPOLIS, MN 554371024
(952) 886-8000
Signed 2017-08-10
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
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
Plan features & details
Pension benefit codes1B
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
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
$1.1M
$1344 / participant
- Investment mgmt$15K1.3%
- Contract admin$228K19.9%
- Other / not subdivided$903K78.8%
% of EOY assets
0.140%
all-in expense ratio
Categories reported
2 / 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
- (not subdivided)
- Opinion code
- Unqualified