Defined Benefit (Pension) · DOL Form 5500 · 2022
General Mills, Inc. Pension Plan
Data updated 2026-08-06
- $2.9B
- Total assets
- 6,848
- Participants
- 100th
- Percentile by assets
- $416,762
- Avg per participant
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.
- 100th percentile by assets (of 139,258 plans)
- #20,470 in Manufacturing (20,629 peers)
Coverage in Minnesota
General Mills Pension Plan covers 6,848 participants in Minnesota, 5.9x the typical Minnesota plan (state average ~1,161 per filing). Assets: $2.9B.
- $2.9B
- total plan assets (2022 EOY)
- 6,848
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $416,762
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. General Mills Pension Plan reports 6,848 participants - 5.9x that state average ($2.9B EOY assets).
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.)
| 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.
General Mills Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 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 (0.025% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to General Mills Pension Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did General Mills Pension Plan assets move in 2022? ▼
How have General Mills, Inc. plan assets changed over time? ▼
Where does General Mills Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to General Mills Pension Plan? ▼
Next read for General Mills Pension Plan
Filing takeaways
Ways to act on General Mills Pension Plan's numbers.
- By total assets, General Mills Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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