Defined Benefit (Pension) · DOL Form 5500 · 2023

General Mills, Inc. Pension Plan

Data updated 2026-08-11

$1.6B
Total assets: 6,374
Participants: 99th
Percentile by assets: $255,494
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$1.6B
total plan assets (2023 EOY): 6,374
covered participants: 99th
percentile by assets (of 127,072 plans): $255,494
avg assets per participant

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 2023→2024 release diff →

State

Minnesota

Industry

Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. General Mills Pension Plan reports 6,374 participants - 5.7x that state average ($1.6B EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$2.9B
Net Assets (End of Year)	$1.6B
Net Income	$18M
Employer EIN	410274440
Plan Effective Date	1940-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (General Mills, Inc.)

Total plan assets by year, all General Mills, Inc. plans on file

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 $14.3B · 10,638
Mayo Pension Plan $11.0B · 69,155
The Travelers Pension Plan $4.2B · 24,884
General Mills Pension Plan I $4.0B · 383
U.S. Bank Pension Plan $4.0B · 56,287

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 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.

Teamsters Local 639 - Employers Pension Trust Fund (DC) $1.6B · 4,128
Jefferson Defined Benefit Plan (PA) $1.6B · 6,814
Indiana/Kentucky/Ohio Regional Council of Carpenters Pension Fund (MI) $1.6B · 4,876
Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan (CT) $1.6B · 8,178

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).

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

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.