Defined Benefit (Pension) · DOL Form 5500 · 2024

General Mills, Inc. Pension Plan

Data updated 2026-08-25

$3.7B
Total assets Very large vs avg
2,007
Participants Near avg headcount
100th
Percentile by assets National rank
$1.8M
Avg per participant High balance/head
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Official DOL plan name: General Mills Pension Plan I · Sponsored by General Mills, Inc. · Minnesota · Manufacturing

$3.7B in assets, 2,007 participants

General Mills, Inc.'s General Mills Pension Plan I reported $3.7B in total assets and 2,007 participants in its 2024 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.

  • #17,633 in Manufacturing (17,777 peers)

Where General Mills Pension Plan I sits by assets

General Mills Pension Plan I sits among the largest 1% of all filed plans, $3.7B for 2,007 participants (~$1.8M/participant), down 7.1% in 2024.

#17,633
in Manufacturing (17,777 peers)
-7.1%
assets change YoY
37×
vs typical plan assets (national mean)

The plan reported a net loss of $285M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

General Mills Pension Plan I's outsized position by total assets

General Mills Pension Plan I vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,707,247,800 Highest reported value at or above every one of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. General Mills Pension Plan I lands in the large band (2,007 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • General Mills Pension Plan I reported net income fell from $24M in the plan year 2023 filing to -$285M in the plan year 2024 filing.
  • General Mills Pension Plan I reported participants rose from 383 in the plan year 2023 filing to 2,007 in the plan year 2024 filing.
  • General Mills Pension Plan I end-of-year assets fell from $4.0B in the plan year 2023 filing to $3.7B in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 410274440 · General Mills, Inc. PY 2024 · Defined Benefit (Pension)

General Mills Pension Plan I · $3.7B · 2,007 · 100th

  • ASSETS $3.7B
  • ASSETS 2,007
  • ASSETS 100th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan
  • ASSETS ind #17633

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 I in the asset neighbourhood

Fca US LLC Pension Plan$3.7BGeneral Mills Pension Plan I$3.7BThe Savannah River Nuclear Solutions, LLC Multiple Employer Pension PlanThe Savannah River Nuclear S…$3.7BDte Energy Company Retirement PlanDte Energy Company Retiremen…$3.7BConstruction Laborers Pension Trust Fund for Southern CaliforniaConstruction Laborers Pensio…$3.7B
End-of-year total assets ($B) among General Mills Pension Plan I and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$4.0B
Net Assets (End of Year)$3.7B
Net Income-$285M
Employer EIN410274440
Plan Effective Date2018-06-01
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 I vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 2468101214 Total assets ($B) Participants General Mills Pension Plan I, Total assets ($B): 3.7072478 · Participants: 2007General Mills Pension Plan IMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension Plan
General Mills Pension Plan I vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare General Mills Pension Plan I side-by-side with 3 peers →

General Mills Pension Plan I's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan in SC ($3.7B); by covered participants it is United Teamster Pension Fund a in NY (2,008 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,007 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did General Mills Pension Plan I assets move in 2024? ▼
General Mills Pension Plan I pulled back noticeably - down 7.1% during 2024, from $4.0B to $3.7B. Reported net income was -$285M.
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 I rank by assets among Form 5500 filers? ▼
General Mills Pension Plan I ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to General Mills Pension Plan I? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan in SC ($3.7B, 1,749 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to General Mills Pension Plan I? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is United Teamster Pension Fund a in NY (2,008 participants, $343M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.