Defined Benefit (Pension) · DOL Form 5500 · 2024
General Mills, Inc. Pension Plan
Data updated 2026-08-06
- $3.7B
- Total assets
- 2,007
- Participants
- 100th
- Percentile by assets
- $1.8M
- Avg per participant
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.
- 100th percentile by assets (of 116,472 plans)
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.
- $3.7B
- total plan assets (2024 EOY)
- 2,007
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $1.8M
- avg assets per participant
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.
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.
General Mills Pension Plan I vs the 2024 asset distribution
By assets, General Mills Pension Plan I outranks nearly all the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 37x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $4.0B |
|---|---|
| Net Assets (End of Year) | $3.7B |
| Net Income | -$285M |
| Employer EIN | 410274440 |
| Plan Effective Date | 2018-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (General Mills, Inc.)
| 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
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to General Mills Pension Plan I by total assets, not by location.
- The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan (SC) $3.7B · 1,749
- Dte Energy Company Retirement Plan (MI) $3.7B · 3,670
- Fca US LLC Pension Plan (MI) $3.7B · 2,267
- Construction Laborers Pension Trust Fund for Southern California (CA) $3.7B · 23,933
Frequently Asked Questions
How did General Mills Pension Plan I assets move in 2024? ▼
How have General Mills, Inc. plan assets changed over time? ▼
Where does General Mills Pension Plan I rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to General Mills Pension Plan I? ▼
Next read for General Mills Pension Plan I
Scale reading
Ways to act on General Mills Pension Plan I's numbers.
- By total assets, General Mills Pension Plan I 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 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.