Defined Benefit (Pension) · DOL Form 5500 · 2023

General Mills, Inc. Pension Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg
6,374
Participants Above avg headcount
99th
Percentile by assets National rank
$255,494
Avg per participant Above avg balance/head
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Official DOL plan name: General Mills Pension Plan · Sponsored by General Mills, Inc. · Minnesota · Manufacturing

$1.6B in assets, 6,374 participants

General Mills, Inc.'s General Mills Pension Plan reported $1.6B in total assets and 6,374 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #18,415 in Manufacturing (18,722 peers)

Coverage in Minnesota

General Mills Pension Plan covers 6,374 participants in Minnesota, 5.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.6B.

#18,415
in Manufacturing (18,722 peers)
-42.9%
assets change YoY
16×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$1,628,515,907 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

General Mills Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. General Mills Pension Plan lands in the large band (6,374 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • General Mills Pension Plan reported net income rose from -$1.1B in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • General Mills Pension Plan end-of-year assets fell from $2.9B in the plan year 2022 filing to $1.6B in the plan year 2023 filing.
  • General Mills Pension Plan reported participants fell from 6,848 in the plan year 2022 filing to 6,374 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410274440 · General Mills, Inc. PY 2023 · Defined Benefit (Pension)

General Mills Pension Plan · $1.6B · 6,374 · 99th

  • SCH $1.6B
  • SCH 6,374
  • SCH 99th
  • SCH Defined Benefit (Pension)
  • SCH near Teamsters Local 639 - Employers Pension Trust Fund
  • SCH ind #18415

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

Boehringer Ingelheim USA Corporation & Its Affiliates Retirement PlanBoehringer Ingelheim USA Cor…$1.6BGeneral Mills Pension Plan$1.6BTeamsters Local 639 - Employers Pension Trust FundTeamsters Local 639 - Employ…$1.6BJefferson Defined Benefit PlanJefferson Defined Benefit Pl…$1.6BIndiana/Kentucky/Ohio Regional Council of Carpenters Pension FundIndiana/Kentucky/Ohio Region…$1.6B
End-of-year total assets ($B) among General Mills Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$1.6B
Net Income$18M
Employer EIN410274440
Plan Effective Date1940-01-01
Filing StatusFILING 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
$9.6B$9.8B$10B$10.2B$10.4B 202220232024 $9.74B $10.3B ▲ +5.6%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants General Mills Pension Plan, Total assets ($B): 1.628515907 · Participants: 6374General Mills Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
General Mills Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare General Mills Pension Plan side-by-side with 3 peers →

Scale composition for General Mills Pension Plan

General Mills Pension Plan reports $1.6B in end-of-year assets across 6,374 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $255,494 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2023 was $18M.

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 Open filing
2023 6,374 $1.6B This page
2024 · index core 4,397 $1.5B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

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 Teamsters Local 639 - Employers Pension Trust Fund in DC ($1.6B); by covered participants it is Comerica Incorporated Retirement Income Account Plan in TX (6,371 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6,374 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did General Mills Pension Plan assets move in 2023? ▼
General Mills Pension Plan contracted severely - down 42.9% during 2023, from $2.9B to $1.6B. Reported net income was $18M.
How have General Mills, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), General Mills, Inc.'s sponsor-wide assets grew 5.6%, from $9.7B to $10.3B.
Where does General Mills Pension Plan rank by assets among Form 5500 filers? ▼
General Mills Pension Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to General Mills Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Teamsters Local 639 - Employers Pension Trust Fund in DC ($1.6B, 4,128 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to General Mills Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Comerica Incorporated Retirement Income Account Plan in TX (6,371 participants, $2.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410274440.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.