PlanOptica
Retirement plan

GENERAL MILLS HOURLY PENSION PLAN

GENERAL MILLS, INC.EIN 41-0274440Plan #033PY 2017
Sign in to saveView 5500 PDF
NUMBER 1 GENERAL MILLS BLVD BT02-C - MINNEAPOLIS, MN 55426763-764-7600generalmills.comLinkedIn10001+ employeesconsumer goods
Other plans on this EIN
4 filings
#001Retirement-$5.10B assets#002Retirement-$3.73B assets#004Retirement-$888.7M assets#054Retirement-$24.4M assets
Prospect flagsHigh retiree %Wind-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 10/11/2018
How to read this page

Summary metrics

Total assets (EOY)
$113M
-1.1% from 2016
Total participants
1,916
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
14.09%
-8.32 pp from 2016

Benchmarks

See 364 peers
Peer group
Industry31 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort364 peers
Snapshot2017
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $14,103
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $80,512
Admin fee / account holder
$0
median $459
Annual return
14.09%
median 8.30%
Overall peer rank
78th percentileavg across 6 metrics

Analytics

2015 - 2018
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$59K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,915
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
-94.92%
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 4 by compensation
ProviderService typeCompensation
AON CONSULTING, INC.3+ years
Service code 11 · EIN 22-2232264
Actuarial
$113,868
GENERAL MILLS, INC.2 years
Service code 65 · EIN 41-0274440
Account Maintenance
$44,671
THE BANK OF NEW YORK MELLON3+ years
Service code 18 · EIN 13-5160382
Trustee (bank, trust company, or simi...
$33,981
ONECBIZ, INC.1 year
Service code 10 · EIN 20-1128317
Accounting
$11,818

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 2018-08-15

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 codes1A
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).

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
$339K
$338702 / participant
  • Investment mgmt$2K0.7%
  • Contract admin$105K31.1%
  • Other / not subdivided$231K68.3%
% of EOY assets
0.300%
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