Plan Snapshot
- Plan Sponsor: General Mills, INC.
- Sponsor EIN: 410274440
- Sponsor Address: NUMBER 1 GENERAL MILLS BLVD BT02-C, MINNEAPOLIS, MN, 55426
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 0
- Total Assets: $298.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $298.6M | $0 | $6.4M |
| 2023 | 0 | $305.1M | $6.4M | $6.0M |
| 2022 | 0 | $262.2M | $21.3M | $5.2M |
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 |
|---|---|---|---|---|
| PRUDENTIAL INSURANCE CO OF AMERICA | Recordkeeper | $2,689,268 | — | $2,689,268 |
| BLUE CROSS BLUE SHIELD OF MINNESOTA | Other Service Provider | $323,952 | — | $323,952 |
| ALIGHT SOLUTIONS | Recordkeeper | $294,683 | — | $294,683 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $255,916 | — | $255,916 |
| KPMG, LLP | Auditor | $203,050 | — | $203,050 |
| GENERAL MILLS, INC. | Recordkeeper | $73,810 | — | $73,810 |
| HESS MORGAN HOUSE, LLC | Other Service Provider | $36,756 | — | $36,756 |
| DELTA DENTAL OF MINNESOTA | Other Service Provider | $36,583 | — | $36,583 |
| CBIZ | Other Service Provider | $22,221 | — | $22,221 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $14,806 | — | $14,806 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE CO OF AMERICA — 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: $3,951,045
- Estimated Expense Ratio: 1.323% 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 | $3,858,043 | $452,102 | $616,451 | $269,229 | — |
| 2023 | $4,747,536 | $441,844 | $1,117,734 | $110,192 | — |
| 2022 | $3,933,242 | $474,345 | $1,550,276 | — | $1,562,462 |