Employers › General Mills
Recordkeeping fees per participant · General Mills 401(k) Plan · plan year 2024
$37.06
Higher than 56% of the 790 plans over $1B that report it.
= $881,286 / 23,783
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015095522NAL0002108211001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015095522NAL0002108211001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$97.49
Higher than 90% of the 1,045 plans over $1B that report it.
= $2,318,530 / 23,783
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015095522NAL0002108211001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015095522NAL0002108211001, received 2025-10-15
Administrative expenses per participant
$193.66
Higher than 92% of the 1,076 plans over $1B that report it.
= $4,605,791 / 23,783
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015095522NAL0002108211001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015095522NAL0002108211001, received 2025-10-15
Administrative expenses as a share of assets
0.091%
Higher than 84% of the 1,076 plans over $1B that report it.
= $4,605,791 / $5,041,221,350
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015095522NAL0002108211001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015095522NAL0002108211001, received 2025-10-15
Employer contributions per participant
$3,606
Higher than 47% of the 1,135 plans over $1B that report it.
= $85,771,995 / 23,783
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015095522NAL0002108211001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015095522NAL0002108211001, received 2025-10-15
Employer share of total contributions
35.7%
Higher than 59% of the 1,135 plans over $1B that report it.
= $85,771,995 / $240,377,791
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015095522NAL0002108211001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015095522NAL0002108211001, received 2025-10-15
30.4% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $182,860 ($201.35 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Vesting
“If a participant retires, dies while an active employee, or becomes disabled, or if a participant’s employment with the Company is involuntarily terminated, or if the Plan is terminated by the Company, the participant will become 100% vested in the Company matching contributions (if applicable) and the annual Company allocation (if applicable).”
Form 11-K filed 2026-06-10, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision, whereby all newly eligible non-union employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.”
Form 11-K filed 2026-06-10, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2I · 2J 401(k) feature · 2K 401(m) arrangement · 2P · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015095522NAL0002108211001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GENERAL MILLS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Plan name | GENERAL MILLS 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Sponsor EIN / plan number | 41-0274440 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Sponsor location | MINNEAPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Industry (business code) | 311900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Participants, beginning of year | 23,525 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Active participants | 16,628 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Participants, end of year | 24,384 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Participants with an account balance | 23,783 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Total assets, beginning of year | $4,603,748,135 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Total assets, end of year | $5,041,221,350 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Net assets, end of year | $5,041,221,350 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Total income | $847,017,328 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Net income | $431,591,307 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Employer contributions | $85,771,995 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Participant contributions | $146,114,916 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $8,490,880 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Total contributions | $240,377,791 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Benefit payments | $410,820,230 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $415,426,021 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Total administrative expenses | $4,605,791 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Contract administrator fees | $202,268 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Recordkeeping fees | $881,286 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| IQPA audit fees | $158,447 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Investment advisory and management fees | $2,287,261 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Administrative expenses excluding investment management | $2,318,530 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Held in master trusts | $1,534,923,848 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Held in common/collective trusts | $2,806,126,199 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015095522NAL0002108211001, received 2025-10-15 |
| Independent auditor | KPMG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015095522NAL0002108211001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015095522NAL0002108211001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ALIGHT FINANCIAL ADVISORS, LLC | NONE | 28 Investment management; 50 Direct payment from the plan | $1,802,195 | no |
| ALIGHT SOLUTIONSrecordkeeper | NONE | 13 Contract administrator; 15 Recordkeeping and information management; 36 Copying and duplicating; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 57 Redemption fees; 64 Recordkeeping fees | $1,083,554 | no |
| GENERAL MILLS, INC.recordkeeper | PLAN ADMINISTRATOR | 14 Plan administrator; 15 Recordkeeping and information management; 35 Employee (plan sponsor); 38 Participant communication; 49 Other services; 50 Direct payment from the plan | $599,469 | no |
| THE BANK OF NEW YORK MELLON | NONE | 19 Custodial (securities); 21 Trustee (bank, trust company or similar); 49 Other services; 50 Direct payment from the plan; 65 Account maintenance fees | $431,810 | yes |
| BLACKROCK INSTITUTIONAL TRUST | NONE | 28 Investment management; 50 Direct payment from the plan | $205,878 | yes |
| STATE STREET BANK AND TRUST | NONE | 28 Investment management; 50 Direct payment from the plan | $200,000 | yes |
| KPMG, LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $155,000 | no |
| REFINITIV EIKON | NONE | 49 Other services; 50 Direct payment from the plan | $44,343 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015095522NAL0002108211001, received 2025-10-15.
GMI INVESTMENT TRUST-POOLED EQUITY (EIN 046736583, PN 001): plan interest $987,184,499. The trust's own filing was not found in the data.
GMI POOLED SAVINGS FIXED FUND (EIN 046736853, PN 024): plan interest $338,917,367, 100.0% of the trust. The trust's own filing (20251015163427NAL0010660962001, received 2025-10-15) reports net assets $331,046,530, administrative expenses $2,400, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
GMI INVESTMENT TRUST-POOLED INTL. (EIN 046736853, PN 002): plan interest $188,912,803, 49.9% of the trust. The trust's own filing (20251015163619NAL0005436881001, received 2025-10-15) reports net assets $378,299,009, administrative expenses $12,316, recordkeeping fees not reported, investment management fees not reported and 1 Schedule C providers.
GENERAL MILLS GROUP TRUST-PPEF (EIN 411939866, PN 003): plan interest $9,956,226, 1.9% of the trust. The trust's own filing (20251015162702NAL0005417777001, received 2025-10-15) reports net assets $520,337,667, administrative expenses $2,925,221, recordkeeping fees not reported, investment management fees $2,904,546 and 18 Schedule C providers.
GENERAL MILLS GROUP TRUST-PRAF (EIN 411939866, PN 005): plan interest $9,952,953, 2.0% of the trust. The trust's own filing (20251015161728NAL0006896752001, received 2025-10-15) reports net assets $500,349,102, administrative expenses $5,949,026, recordkeeping fees not reported, investment management fees $5,927,270 and 27 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| J.P. MORGAN INVESTMENT MANAGEMENT | 28 51 | $990,257 | $19,698 |
| COHEN & STEERS CAPITAL | 28 51 68 | $678,773 | $13,502 |
| MADISON DEARBORN VIII | 28 51 | $549,526 | $10,515 |
| EQT INFRASTRUCTURE V | 28 51 | $448,576 | $8,923 |
| MACQUARIE ASIA INFRASTRUCTURE III | 28 51 | $426,437 | $8,483 |
| BROOKFIELD RE IV | 28 51 | $364,025 | $7,241 |
| DRA IX, LP | 28 51 | $352,725 | $7,016 |
| NATURAL GAS PARTNERS XII, LP | 28 51 | $344,331 | $6,849 |
| EQT INFRASTRUCTURE IV, LP | 28 51 | $302,960 | $6,026 |
| ACCEL-KKR CAPITAL PARTNERS VII, LP | 28 51 | $291,043 | $5,569 |
| WESTBROOK XI | 28 51 | $290,822 | $5,785 |
| STRATEGIC PARTNERS FUND VIII | 27 28 51 | $281,250 | $5,381 |
| BROOKFIELD RE III | 28 51 52 | $250,359 | $4,980 |
| EQT MID-MARKET EUROPE II | 28 51 | $233,652 | $4,471 |
| ACCEL-KKR CAPTIAL PARTNERS VI, LP | 28 51 | $224,545 | $4,296 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $4,603,748,135 | $5,041,221,350 | 9.5% |
| Participants with a balance | 23,388 | 23,783 | 1.7% |
| Administrative expenses | $5,091,061 | $4,605,791 | -9.5% |
| Recordkeeping fees per participant | $44.28 | $37.06 | -16.3% |
| Employer contributions | $99,824,881 | $85,771,995 | -14.1% |
Prior filing 20241015085407NAL0027876721001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: GENERAL MILLS, INC.; SEC registrant: GENERAL MILLS INC (CIK 40704, matched by EIN; display name from the Form 11-K cover).