Plan Snapshot
- Plan Sponsor: General Mills, INC.
- Sponsor EIN: 410274440
- Sponsor Address: NUMBER 1 GENERAL MILLS BLVD BT02-C, MINNEAPOLIS, MN, 55426
- Plan Type: 401(k)
- Total Participants: 16,628
- Total Assets: $5.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 16,628 | $5.0B | $85.8M | $146.1M |
| 2023 | 15,991 | $4.6B | $99.8M | $141.7M |
| 2022 | 15,274 | $4.1B | $84.7M | $128.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALIGHT FINANCIAL ADVISORS, LLC | Recordkeeper | $1,802,195 | — | $1,802,195 |
| ALIGHT SOLUTIONS | Recordkeeper | $1,083,554 | — | $1,083,554 |
| GENERAL MILLS, INC. | Recordkeeper | $599,469 | — | $599,469 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $431,810 | — | $431,810 |
| BLACKROCK INSTITUTIONAL TRUST | Other Service Provider | $205,878 | — | $205,878 |
| STATE STREET BANK AND TRUST | Other Service Provider | $200,000 | — | $200,000 |
| KPMG, LLP | Auditor | $155,000 | — | $155,000 |
| REFINITIV EIKON | Other Service Provider | $44,343 | — | $44,343 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT FINANCIAL ADVISORS, LLC — Recordkeeper
- ALIGHT SOLUTIONS — Recordkeeper
- KPMG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,522,249
- Estimated Expense Ratio: 0.090% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,605,791 | $2,287,261 | $202,268 | $158,447 | — |
| 2023 | $5,091,061 | $2,432,521 | — | $146,500 | — |
| 2022 | $4,672,941 | $2,311,379 | $972,585 | — | $634,285 |