401(k) · DOL Form 5500 · 2023

General Mills, Inc. 401(k) Plan

Data updated 2026-08-25

$4.6B
Total assets Very large vs avg
14,536
Participants Very large workforce
100th
Percentile by assets National rank
$316,714
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: General Mills 401(k) Plan · Sponsored by General Mills, Inc. · Minnesota · Manufacturing

$4.6B in assets, 14,536 participants

General Mills, Inc.'s General Mills 401(k) Plan reported $4.6B in total assets and 14,536 participants in its 2023 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.

  • #18,610 in Manufacturing (18,722 peers)

Coverage in Minnesota

General Mills 401(k) Plan covers 14,536 participants in Minnesota, 13x the typical Minnesota plan (state average ~1,126 per filing). Assets: $4.6B.

#18,610
in Manufacturing (18,722 peers)
+11.1%
assets growth YoY
46×
vs typical plan assets (national mean)

General Mills 401(k) Plan's outsized position by total assets

General Mills 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$4,603,748,135 Highest reported value at or above every one 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 401(k) Plan's mega-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 401(k) Plan is a mega filing (14,536 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • General Mills 401(k) Plan reported net income rose from -$672M in the plan year 2022 filing to $458M in the plan year 2023 filing.
  • General Mills 401(k) Plan end-of-year assets rose from $4.1B in the plan year 2022 filing to $4.6B in the plan year 2023 filing.
  • General Mills 401(k) Plan reported participants rose from 13,940 in the plan year 2022 filing to 14,536 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410274440 · General Mills, Inc. PY 2023 · 401(k)

General Mills 401(k) Plan · $4.6B · 14,536 · 100th

  • EBSA $4.6B
  • EBSA 14,536
  • EBSA 100th
  • EBSA 401(k)
  • EBSA near M & T Bank Corporation Retirement Savings Plan
  • EBSA ind #18610

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 401(k) Plan in the asset neighbourhood

International Paper Company Salaried Savings PlanInternational Paper Company …$4.6BFarmers Group, Inc. 401(k) Savings PlanFarmers Group, Inc. 401(k) S…$4.6BM & T Bank Corporation Retirement Savings PlanM & T Bank Corporation Retir…$4.6BGeneral Mills 401(k) Plan$4.6BUnited Airlines Flight Attendant 401(k) PlanUnited Airlines Flight Atten…$4.6B
End-of-year total assets ($B) among General Mills 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$4.1B
Net Assets (End of Year)$4.6B
Net Income$458M
Employer EIN410274440
Plan Effective Date1969-01-01
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 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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 0510152025 Total assets ($B) Participants General Mills 401(k) Plan, Total assets ($B): 4.603748135 · Participants: 14536General Mills 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
General Mills 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare General Mills 401(k) Plan side-by-side with 3 peers →

Scale composition for General Mills 401(k) Plan

General Mills 401(k) Plan reports $4.6B in end-of-year assets across 14,536 participants (0.037% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.015% of 93,925,755 covered participants) - about $316,714 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2023 was $458M.

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 Open filing
2023 14,536 $4.6B This page
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's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is M & T Bank Corporation Retirement Savings Plan in NY ($4.6B); by covered participants it is Tenneco 401(k) Investment Plan in MI (14,522 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (14,536 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 401(k) Plan assets move in 2023? ▼
General Mills 401(k) Plan grew at a solid clip - up 11.1% during 2023, from $4.1B to $4.6B. Reported net income was $458M.
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 401(k) Plan rank by assets among Form 5500 filers? ▼
General Mills 401(k) Plan ranks in the 100th 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 401(k) plans are similar in size to General Mills 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is M & T Bank Corporation Retirement Savings Plan in NY ($4.6B, 22,713 participants).
Which 401(k) plans cover a similar participant headcount to General Mills 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tenneco 401(k) Investment Plan in MI (14,522 participants, $1.8B 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.