Retirement plan
WELLSTON RETIREMENT PLAN FOR MEMBERS OF UFCW DISTRICT UNION LOCAL 1059
GENERAL MILLS, INC.EIN 41-0274440Plan #054PY 2023
NUMBER 1 GENERAL MILLS BLVD BT02-C - MINNEAPOLIS, MN 55426763-764-7600generalmills.comLinkedIn10001+ employeesconsumer goods
Other plans on this EIN
3 filingsProspect flagsLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KATE BEHRING
Signed 10/15/2024
Summary metrics
Total assets (EOY)
$20M
+3.3% from 2016
Total participants
500
+4.0% from 2016
Average account balance
$40,152
+0.9% from 2016
Annual return
10.49%
-2.29 pp from 2016
Benchmarks
Peer group
Industry31 - Manufacturing
Plan typeDefined contribution
Participants250-999
Cohort755 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $3,109
0
Employer contribution / active EE
$0
median $1,508
95
Participation rate
99.6%
median 80.5%
39
Avg account balance
$40,152
median $49,922
95
Admin fee / account holder
$5
median $140
6
Annual return
10.49%
median 17.05%
Overall peer rank
59of 100
59th 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
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 codes2C3H
Plan features
- 2CMoney purchase planMoney purchase pension plan other than a target benefit plan.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 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.
Expense breakdown
Schedule H Part II
Admin total
$3K
$6 / participant
- Other / not subdivided$3K100.0%
% of EOY assets
0.014%
all-in expense ratio
Categories reported
0 / 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