401(k) · DOL Form 5500 · 2023

General Mills, Inc. 401(k) Plan

Data updated 2026-08-11

$4.6B
Total assets: 14,536
Participants: 100th
Percentile by assets: $316,714
Avg per participant

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.

100th percentile by assets (of 127,072 plans)
#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.

$4.6B
total plan assets (2023 EOY): 14,536
covered participants: 100th
percentile by assets (of 127,072 plans): $316,714
avg assets per participant

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 →

State

Minnesota

Industry

Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. General Mills 401(k) Plan reports 14,536 participants - 13x that state average ($4.6B EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$4.1B
Net Assets (End of Year)	$4.6B
Net Income	$458M
Employer EIN	410274440
Plan Effective Date	1969-01-01
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 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

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

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 (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 401(k) Plans Nationally

401(k) plans in other states closest to General Mills 401(k) Plan by total assets, not by location.

M & T Bank Corporation Retirement Savings Plan (NY) $4.6B · 22,713
United Airlines Flight Attendant 401(k) Plan (IL) $4.6B · 24,331
International Paper Company Salaried Savings Plan (TN) $4.6B · 12,153
Farmers Group, Inc. 401(k) Savings Plan (CA) $4.6B · 22,503

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).

Next read for General Mills 401(k) Plan

Filing takeaways

Ways to act on General Mills 401(k) Plan's numbers.

By total assets, General Mills 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) 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.