Defined Benefit (Pension) · DOL Form 5500 · 2024
General Mills, Inc. Pension Plan
Data updated 2026-08-06
- $1.5B
- Total assets
- 4,397
- Participants
- 99th
- Percentile by assets
- $345,237
- Avg per participant
Official DOL plan name: General Mills Pension Plan · Sponsored by General Mills, Inc. · Minnesota · Manufacturing
$1.5B in assets, 4,397 participants
General Mills, Inc.'s General Mills Pension Plan reported $1.5B in total assets and 4,397 participants in its 2024 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 116,472 plans)
- #16,572 in Manufacturing (16,886 peers)
Coverage in Minnesota
General Mills Pension Plan covers 4,397 participants in Minnesota, 3.8x the typical Minnesota plan (state average ~1,161 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2024 EOY)
- 4,397
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $345,237
- avg assets per participant
The plan reported a net loss of $112M 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 reported net income fell from $18M in the plan year 2023 filing to -$112M in the plan year 2024 filing.
- General Mills Pension Plan reported participants fell from 6,374 in the plan year 2023 filing to 4,397 in the plan year 2024 filing.
- General Mills Pension Plan end-of-year assets fell from $1.6B in the plan year 2023 filing to $1.5B in the plan year 2024 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. General Mills Pension Plan reports 4,397 participants - 3.8x that state average ($1.5B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | -$112M |
| Employer EIN | 410274440 |
| Plan Effective Date | 1940-01-01 |
| 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 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 by total assets, not by location.
- Liuna National (Industrial) Pension Fund (DC) $1.5B · 18,228
- Xpo Pension Plan (OR) $1.5B · 4,421
- Laborers National Pension Fund (TX) $1.5B · 10,367
- Central Pennsylvania Teamsters Defined Benefit Plan (PA) $1.5B · 5,424
Frequently Asked Questions
How did General Mills Pension Plan assets move in 2024? ▼
How have General Mills, Inc. plan assets changed over time? ▼
Where does General Mills Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to General Mills Pension Plan? ▼
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