401(k) · DOL Form 5500 · 2022
State Farm Mutual Automobile Insurance Company 401(k) Plan
Data updated 2026-08-25
- $14.7B
- Total assets Mega-plan scale
- 53,616
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $273,268
- Avg per participant High balance/head
Official DOL plan name: State Farm 401(k) Savings Plan · Sponsored by State Farm Mutual Automobile Insurance Company · Illinois · Finance & Insurance
$14.7B in assets, 53,616 participants
State Farm Mutual Automobile Insurance Company's State Farm 401(k) Savings Plan reported $14.7B in total assets and 53,616 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #9,254 in Finance & Insurance (9,261 peers)
Coverage in Illinois
State Farm 401(k) Savings Plan covers 53,616 participants in Illinois, 69x the typical Illinois plan (state average ~779 per filing). Assets: $14.7B.
- #9,254
- in Finance & Insurance (9,261 peers)
- -17.9%
- assets change YoY
- 147×
- vs typical plan assets (national mean)
The plan reported a net loss of $3.2B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
State Farm 401(k) Savings Plan's outsized position by total assets
State Farm 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$14,651,519,685 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
State Farm 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Farm 401(k) Savings Plan is a mega filing (53,616 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 370533100 · State Farm Mutual Automobile Insurance Company PY 2022 · 401(k)
State Farm 401(k) Savings Plan · $14.7B · 53,616 · 100th
- EBSA $14.7B
- PART 53,616
- TYPE 100th
- NET 401(k)
- BOOK near The Teamster-UPS National 401(k) Tax Deferred Savings Plan
- VS-ST ind #9254
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Illinois →
State Farm 401(k) Savings Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $17.8B |
|---|---|
| Net Assets (End of Year) | $14.7B |
| Net Income | -$3.2B |
| Employer EIN | 370533100 |
| Plan Effective Date | 1968-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (State Farm Mutual Automobile Insurance Company)
Sponsor-wide plan assets over time
All State Farm Mutual Automobile Insurance Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $56.7B 21.303363481916474% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 102,668 | $46.8B |
| 2023 | 2 | 105,247 | $52.2B |
| 2024 | 2 | 104,916 | $56.7B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Accenture United States 401(k) Match and Savings Plan $14.3B · 66,653
- Abbott Laboratories Stock Retirement Plan $13.3B · 36,136
- United Airlines Pilot Retirement Account Plan $11.8B · 13,437
- Walgreens Retirement Savings Plan $11.7B · 238,072
- Abbvie Savings Plan $10.3B · 25,302
Scale composition for State Farm 401(k) Savings Plan
State Farm 401(k) Savings Plan reports $14.7B in end-of-year assets across 53,616 participants (0.12% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.057% of 93,925,755 covered participants) - about $273,268 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2022 was -$3.2B.
This plan identity (EIN 370533100, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $14.7B to $19.0B (+29.7%) while covered participants moved from 53,616 to 63,297 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 53,616 | $14.7B | This page |
| 2023 | 60,246 | $16.9B | Open filing |
| 2024 · index core | 63,297 | $19.0B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- State Farm Insurance Companies Retirement Plan for United States Employees (Defined Benefit (Pension), $37.7B, 41,619 participants)
- State Farm 401(k) Savings Plan (401(k), $19.0B, 63,297 participants)
State Farm 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is The Teamster-UPS National 401(k) Tax Deferred Savings Plan in GA ($14.7B); by covered participants it is Ross Stores, Inc. 401(k) Savings Plan in CA (53,384 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($14.7B here).
- The Teamster-UPS National 401(k) Tax Deferred Savings Plan (GA) $14.7B · 549,610
- Honeywell 401(k) Plan (NC) $14.6B · 39,007
- Comcast Corporation Retirement - Investment Plan (PA) $14.8B · 97,769
- Apple 401(k) Plan (CA) $15.0B · 96,218
Similar participant headcount
Nearest other-state filings by covered participants (53,616 participants); asset peers above are excluded.
- Ross Stores, Inc. 401(k) Savings Plan (CA) 53,384 · 232 off
- Ahold USA, Inc. 401(k) Savings Plan for Union Associates (MA) 54,086 · 470 off
- Robert Half International Inc. 401(k) Plan for Contract Talent (CA) 53,014 · 602 off
- Ernst & Young Retirement Savings Plan (NJ) 52,975 · 641 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.