Defined Benefit (Pension) · DOL Form 5500 · 2024

General Mills, Inc. Pension Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
4,397
Participants Above avg headcount
99th
Percentile by assets National rank
$345,237
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #17,454 in Manufacturing (17,777 peers)

Coverage in Minnesota

General Mills Pension Plan covers 4,397 participants in Minnesota, 3.9x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.5B.

#17,454
in Manufacturing (17,777 peers)
-6.8%
assets change YoY
15×
vs typical plan assets (national mean)

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.

General Mills Pension Plan's outsized position by total assets

General Mills Pension Plan vs every filed plan by assets

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

$1,518,005,205 Top 1% higher than 99% 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'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 lands in the large band (4,397 participants).

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.

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 · $1.5B · 4,397 · 99th

  • PCT $1.5B
  • PCT 4,397
  • PCT 99th
  • PCT Defined Benefit (Pension)
  • PCT near Liuna National (Industrial) Pension Fund
  • PCT ind #17454

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 in the asset neighbourhood

Laborers National Pension FundLaborers National Pension Fu…$1.5BGeneral Mills Pension Plan$1.5BLiuna National (Industrial) Pension FundLiuna National (Industrial) …$1.5BXpo Pension Plan$1.5BCentral Pennsylvania Teamsters Defined Benefit PlanCentral Pennsylvania Teamste…$1.5B
End-of-year total assets ($B) among General Mills Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$1.5B
Net Income-$112M
Employer EIN410274440
Plan Effective Date1940-01-01
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 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 Scatter plot of 6 data points. 020000400006000080000 051015 Total assets ($B) Participants General Mills Pension Plan, Total assets ($B): 1.518005205 · Participants: 4397General Mills Pension PlanMayo 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 vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare General Mills Pension Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Liuna National (Industrial) Pension Fund in DC ($1.5B); by covered participants it is Ufcw Union & Partcipating Food Industry Employers Tri-State Pension Fund in PA (4,402 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,397 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 assets move in 2024? ▼
General Mills Pension Plan pulled back noticeably - down 6.8% during 2024, from $1.6B to $1.5B. Reported net income was -$112M.
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 rank by assets among Form 5500 filers? ▼
General Mills Pension Plan ranks in the 99th 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? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Liuna National (Industrial) Pension Fund in DC ($1.5B, 18,228 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to General Mills Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ufcw Union & Partcipating Food Industry Employers Tri-State Pension Fund in PA (4,402 participants, $872M 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.