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Retirement plan

WELLSTON RETIREMENT PLAN FOR MEMBERS OF UFCW DISTRICT UNION LOCAL 1059

GENERAL MILLS, INC.EIN 41-0274440Plan #054PY 2022
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NUMBER 1 GENERAL MILLS BLVD BT02-C - MINNEAPOLIS, MN 55426763-764-7600generalmills.comLinkedIn10001+ employeesconsumer goods
Other plans on this EIN
3 filings
#002Retirement-$4.15B assets#001Retirement-$2.85B assets#006Retirement-$2.72B assets
Prospect flagsWind-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 10/15/2023
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Summary metrics

Total assets (EOY)
$19.1M
+3.3% from 2016
Total participants
529
+4.0% from 2016
Average account balance
$36,231
+0.9% from 2016
Annual return
-6.46%
-2.29 pp from 2016

Benchmarks

See 736 peers
Peer group
Industry31 - Manufacturing
Plan typeDefined contribution
Participants250-999
Cohort736 peers
Snapshot2022
Participant deferral / active EE
$0
median $3,002
Employer contribution / active EE
$0
median $1,462
Participation rate
99.8%
median 80.4%
Avg account balance
$36,231
median $43,255
Admin fee / account holder
$0
median $130
Annual return
-6.46%
median -15.52%
Overall peer rank
81st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$19.53M
Average account balance
Total assets / participants with a balance (line 6g)
$43K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
454
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.8%
Contributions (total)
Employer and participant dollars contributed each year
$1.88M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+8.55%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$4
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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 codes2C3H
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit plan.
  • 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

1 tripped
  • 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.

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