401(k) · DOL Form 5500 · 2022
General Mills, Inc. 401(k) Plan
Data updated 2026-08-11
- $4.1B
- Total assets
- 13,940
- Participants
- 100th
- Percentile by assets
- $297,390
- Avg per participant
Official DOL plan name: General Mills 401(k) Plan · Sponsored by General Mills, Inc. · Minnesota · Manufacturing
$4.1B in assets, 13,940 participants
General Mills, Inc.'s General Mills 401(k) Plan reported $4.1B in total assets and 13,940 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,126 plans)
- #20,488 in Manufacturing (20,602 peers)
Coverage in Minnesota
General Mills 401(k) Plan covers 13,940 participants in Minnesota, 12x the typical Minnesota plan (state average ~1,126 per filing). Assets: $4.1B.
- $4.1B
- total plan assets (2022 EOY)
- 13,940
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $297,390
- avg assets per participant
The plan reported a net loss of $672M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. General Mills 401(k) Plan reports 13,940 participants - 12x that state average ($4.1B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $4.8B |
|---|---|
| Net Assets (End of Year) | $4.1B |
| Net Income | -$672M |
| Employer EIN | 410274440 |
| Plan Effective Date | 1969-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (General Mills, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 21,748 | $9.7B |
| 2023 | 4 | 21,778 | $10.2B |
| 2024 | 4 | 22,170 | $10.3B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
General Mills 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Scale composition for General Mills 401(k) Plan
General Mills 401(k) Plan reports $4.1B in end-of-year assets across 13,940 participants (0.034% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.015% of 93,925,755 covered participants) - about $297,390 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2022 was -$672M.
This plan identity (EIN 410274440, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.1B to $5.0B (+21.6%) while covered participants moved from 13,940 to 15,321 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 13,940 | $4.1B | This page |
| 2023 | 14,536 | $4.6B | Open filing |
| 2024 · index core | 15,321 | $5.0B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- General Mills 401(k) Plan (401(k), $5.0B, 15,321 participants)
- General Mills Pension Plan I (Defined Benefit (Pension), $3.7B, 2,007 participants)
- General Mills Pension Plan (Defined Benefit (Pension), $1.5B, 4,397 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to General Mills 401(k) Plan by total assets, not by location.
- Applied Materials, Inc. Employee Savings & Retirement Plan (CA) $4.1B · 12,050
- International Paper Company Salaried Savings Plan (TN) $4.2B · 11,839
- Farmers Group, Inc. 401(k) Savings Plan (CA) $4.1B · 22,423
- New York Life Insurance Company Employee Progress-Sharing Investment Plan (NY) $4.1B · 12,370
Frequently Asked Questions
How did General Mills 401(k) Plan assets move in 2022? ▼
How have General Mills, Inc. plan assets changed over time? ▼
Where does General Mills 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to General Mills 401(k) Plan? ▼
Next read for General Mills 401(k) Plan
Filing takeaways
Ways to act on General Mills 401(k) Plan's numbers.
- By total assets, General Mills 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- General Mills, Inc.'s sponsor-wide assets have grown 5.6% since 2022 across 3 plan years on file. More Manufacturing plans