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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 2020
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NUMBER 1 GENERAL MILLS BLVD BT02-C - MINNEAPOLIS, MN 55426763-764-7600generalmills.comLinkedIn10001+ employeesconsumer goods
Other plans on this EIN
4 filings
#002Retirement-$4.40B assets#001Retirement-$3.84B assets#006Retirement-$3.65B assets#054Retirement-$21.8M assets
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(763) 764-7600
Plan administrator signer
KATE BEHRING
Signed 04/15/2021
Plan administrator entity
BCTGM PENSION COMMITTEE
EIN 410274440
NUMBER ONE GENERAL MILLS BLVD · MINNEAPOLIS, MN 55426
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Summary metrics

Total assets (EOY)
$0
-1.3% from 2016
Total participants
0
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
-97.22%
-8.52 pp from 2016

Benchmarks

See 326 peers
Peer group
Industry31 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort326 peers
Snapshot2020
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $14,444
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $25,395
Admin fee / account holder
$0
median $28
Annual return
-97.22%
median 7.71%
Overall peer rank
2nd 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 3 by compensation
ProviderService typeCompensation
THE BANK OF NEW YORK MELLON6+ years
Service code 18 · EIN 13-5160382
Other services; Custodial (other than...
$89,056
GENERAL MILLS, INC6+ years
Service code 50 · EIN 41-0274440
Direct Payment
$36,509
AON CONSULTING, INC.6+ years
Service code 11 · EIN 22-2232264
Actuarial
$8,346

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 2021-03-26

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

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Plan features & details

Pension benefit codes1B
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$139K
  • Investment mgmt$7K5.3%
  • Contract admin$21K15.1%
  • Other / not subdivided$111K79.5%
% of EOY assets
-
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
KPMG LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Disclaimer