Defined Benefit (Pension) · DOL Form 5500 · 2022
General Mills, Inc. Pension Plan
Data updated 2026-08-25
- $2.9B
- Total assets Very large vs avg
- 6,848
- Participants Above avg headcount
- 100th
- Percentile by assets National rank
- $416,762
- Avg per participant High balance/head
Official DOL plan name: General Mills Pension Plan · Sponsored by General Mills, Inc. · Minnesota · Manufacturing
$2.9B in assets, 6,848 participants
General Mills, Inc.'s General Mills Pension Plan reported $2.9B in total assets and 6,848 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.
- #20,443 in Manufacturing (20,602 peers)
Coverage in Minnesota
General Mills Pension Plan covers 6,848 participants in Minnesota, 6.1x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.9B.
- #20,443
- in Manufacturing (20,602 peers)
- -28.4%
- assets change YoY
- 29×
- vs typical plan assets (national mean)
The plan reported a net loss of $1.1B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
General Mills Pension Plan's outsized position by total assets
General Mills Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,853,985,930 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
General Mills Pension Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. General Mills Pension Plan lands in the large band (6,848 participants).
Form 5500 schedule snapshot
Filing strip 410274440 · General Mills, Inc. PY 2022 · Defined Benefit (Pension)
General Mills Pension Plan · $2.9B · 6,848 · 100th
- SCH $2.9B
- EBSA 6,848
- PART 100th
- TYPE Defined Benefit (Pension)
- NET near Construction Laborers Pension Trust Fund for Southern California
- BOOK ind #20443
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →
General Mills Pension Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $4.0B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | -$1.1B |
| Employer EIN | 410274440 |
| Plan Effective Date | 1940-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (General Mills, Inc.)
Sponsor-wide plan assets over time
All General Mills, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $10.3B 5.579300432228008% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 21,748 | $9.7B |
| 2023 | 4 | 21,778 | $10.2B |
| 2024 | 4 | 22,170 | $10.3B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Scale composition for General Mills Pension Plan
General Mills Pension Plan reports $2.9B in end-of-year assets across 6,848 participants (0.023% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $416,762 per participant (3.0x the national average assets-per-participant) . Net income for plan year 2022 was -$1.1B.
This plan identity (EIN 410274440, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.9B to $1.5B (-46.8%) while covered participants moved from 6,848 to 4,397 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,848 | $2.9B | This page |
| 2023 | 6,374 | $1.6B | Open filing |
| 2024 · index core | 4,397 | $1.5B | 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)
General Mills Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Construction Laborers Pension Trust Fund for Southern California in CA ($2.9B); by covered participants it is Rwjbarnabas Health Retirement Income Plan in NJ (6,874 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.9B here).
- Construction Laborers Pension Trust Fund for Southern California (CA) $2.9B · 22,100
- Pension Plan of Public Service Enterprise Group Incorporated (NJ) $2.9B · 521
- Glaxosmithkline Cash Balance Pension Plan (PA) $2.8B · 12,358
- Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan (WA) $2.8B · 8,083
Similar participant headcount
Nearest other-state filings by covered participants (6,848 participants); asset peers above are excluded.
- Rwjbarnabas Health Retirement Income Plan (NJ) 6,874 · 26 off
- Georgia-Pacific LLC Hourly Pension Plan (GA) 6,819 · 29 off
- Hii Ingalls Shipbuilding, Inc. Hourly Employees' Retirement Plan (VA) 6,805 · 43 off
- Henry Ford Health System Allegiance Combined Pension Plan (MI) 6,893 · 45 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.