401(k) · DOL Form 5500 · 2022
State Farm Mutual Automobile Insurance Company 401(k) Plan
Data updated 2026-08-06
- $14.7B
- Total assets
- 53,616
- Participants
- 100th
- Percentile by assets
- $273,268
- Avg per participant
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.
- 100th percentile by assets (of 139,258 plans)
- #9,260 in Finance & Insurance (9,267 peers)
Coverage in Illinois
State Farm 401(k) Savings Plan covers 53,616 participants in Illinois, 70x the typical Illinois plan (state average ~768 per filing). Assets: $14.7B.
- $14.7B
- total plan assets (2022 EOY)
- 53,616
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $273,268
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. State Farm 401(k) Savings Plan reports 53,616 participants - 70x that state average ($14.7B EOY assets).
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)
| 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.
State Farm 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- 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 (0.13% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.060% of 89,805,449 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to State Farm 401(k) Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did State Farm 401(k) Savings Plan assets move in 2022? ▼
How have State Farm Mutual Automobile Insurance Company plan assets changed over time? ▼
Where does State Farm 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to State Farm 401(k) Savings Plan? ▼
Next read for State Farm 401(k) Savings Plan
Filing takeaways
Ways to act on State Farm 401(k) Savings Plan's numbers.
- By total assets, State Farm 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- State Farm Mutual Automobile Insurance Company's sponsor-wide assets have grown 21.3% since 2022 across 3 plan years on file. More Finance & Insurance plans