GENERAL MILLS 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024
Reported admin expense ratio · 2024
0.10%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
General Mills, Inc. reported $4,605,791 in plan administrative expenses for 2024: 0.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,158 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.104% to 0.096%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 10th-largest of 1,918 plans among Minnesota employers on file, and the 73rd of 13,661 in manufacturing. In 2024, employees put in $1.70 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$5,041,221,350
Participants with balances23,783
Active participants16,628
Employer contributions$85,771,995
Employee contributions$146,114,916
Employer contribution per active participant$5,158
Employer contribution per active participant$5,158
Median for plans this size$5,259
2024$5,158 per active participant
2023$6,243 per active participant
2022$5,543 per active participant
General Mills, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 410274440 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.