Home  >   401k Directory   >   General Mills, Inc.
 
Company:
General Mills, Inc.
Plan:
General Mills 401k Savings Plan
 

General Mills, Inc.

78 Plan:

 
 
78
10
67
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (78) and the top rated plan (86) could equate to:
[How is this calculated?]
5 additional years of work
Up to $113,200 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

General Mills 401k Savings Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 78, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. General Mills 401k Savings Plan currently has over 20,900 active participants and over $2.5B in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address Number 1 General Mills Blvd M03-09
Minneapolis, MN 55426 
Industry Manufacturing
Administrator Jeanne Denz
Net Plan Assets $2,510,000,000
Total Participants 21,000
Avg Account Balance $120,000

 Compare Other Companies in Peer Group

Altria Client Services 84.1
Reynolds American 80.3
The Coca-Cola Company 80.0
Archer Daniels Midland Company 73.5
Nestle USA 70.0
Coca-Cola Enterprises 67.1

 Top 3 Funds in this 401k

1. General Mills, Inc. Common Stock 24%
2. General Mills Investment Trust Pooled Equity 12%
3. Bank of America Sub-Advised Guaranteed Investment Contracts 8%

  Plan Service Providers

Insurance Carrier Aegon
Insurance Advisor/Broker Aegon
Administration General Mills, Inc.
Recordkeeper General Mills, Inc.
Consultant Richards & Tierney
Legal Counsel QDRO Consultants Co.
Consultant Mercer
Consultant TPI
Legal Counsel Proskauer Rose LLP
Consultant Thomson Financial LLC
Auditor KPMG, Llp

 Comments