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 2019
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
KATE BEHRING
Signed 10/14/2020
Plan administrator entity
BCTGM PENSION COMMITTEE
EIN 410274440
NUMBER ONE GENERAL MILLS BLVD · MINNEAPOLIS, MN 55426
Summary metrics
Total assets (EOY)
$882.3M
-1.3% from 2016
Total participants
6,666
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
13.83%
-8.52 pp from 2016
Benchmarks
Peer group
Industry31 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort85 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $5,324
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $1,557,172
0
Admin fee / account holder
$0
median $8,714
42
Annual return
13.83%
median 15.67%
Overall peer rank
42of 100
42nd 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 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
AON CONSULTING, INC.5+ years Service code 11 · EIN 22-2232264 | Actuarial | $203,645 |
GENERAL MILLS, INC5+ years Service code 50 · EIN 41-0274440 | Direct Payment | $141,272 |
THE BANK OF NEW YORK MELLON5+ years Service code 18 · EIN 13-5160382 | Other investment fees and expenses; C... | $136,572 |
Service code 50 · EIN 20-1778316 | Direct Payment | $50,260 |
KPMG, LLP5+ years Service code 10 · EIN 13-5565207 | Accounting | $29,024 |
ONECBIZ, INC.3 years Service code 10 · EIN 20-1128317 | Accounting | $12,737 |
BREDHOFF & KAISER1 year Service code 29 805 15TH ST NW, STE 1000 · WASHINGTON, DC 20005 | Legal | $8,627 |
XEROX CORPORATION2 years Service code 50 · EIN 16-0468020 | Direct Payment | $7,551 |
REFINITIV US LLC1 year Service code 16 · EIN 20-4530702 | Consulting | $6,153 |
Enrolled actuary
1 attachment
SB
BRETT M. SWENSON
AON CONSULTING, INC.
Enrollment #2005948
5600 WEST 83RD STREET
SUITE 1100, 8200 TOWER
MINNEAPOLIS, MN 554371024
(952) 886-8000
Signed 2020-09-29
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
$1941 / participant
- Investment mgmt$17K1.5%
- Contract admin$245K21.6%
- Other / not subdivided$875K77.0%
% of EOY assets
0.129%
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