Defined Benefit (Pension) · DOL Form 5500 · 2023

State Farm Mutual Automobile Insurance Company Pension Plan

Data updated 2026-08-25

$35.2B
Total assets Mega-plan scale
45,001
Participants Very large workforce
100th
Percentile by assets National rank
$783,159
Avg per participant High balance/head
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Official DOL plan name: State Farm Insurance Companies Retirement Plan for United States Employees · Sponsored by State Farm Mutual Automobile Insurance Company · Illinois · Finance & Insurance

$35.2B in assets, 45,001 participants

State Farm Mutual Automobile Insurance Company's State Farm Insurance Companies Retirement Plan for United States Employees reported $35.2B in total assets and 45,001 participants in its 2023 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.

  • #8,868 in Finance & Insurance (8,869 peers)

Coverage in Illinois

State Farm Insurance Companies Retirement Plan for United States Employees covers 45,001 participants in Illinois, 58x the typical Illinois plan (state average ~779 per filing). Assets: $35.2B.

#8,868
in Finance & Insurance (8,869 peers)
+9.7%
assets growth YoY
354×
vs typical plan assets (national mean)

State Farm Insurance Companies Retirement Plan for United States Employees's outsized position by total assets

State Farm Insurance Companies Retirement Plan for United States Employees vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$35,242,945,747 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

State Farm Insurance Companies Retirement Plan for United States Employees's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Farm Insurance Companies Retirement Plan for United States Employees is a mega filing (45,001 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • State Farm Insurance Companies Retirement Plan for United States Employees reported net income rose from -$4.6B in the plan year 2022 filing to $3.1B in the plan year 2023 filing.
  • State Farm Insurance Companies Retirement Plan for United States Employees end-of-year assets rose from $32.1B in the plan year 2022 filing to $35.2B in the plan year 2023 filing.
  • State Farm Insurance Companies Retirement Plan for United States Employees reported participants fell from 49,052 in the plan year 2022 filing to 45,001 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 370533100 · State Farm Mutual Automobile Insurance Company PY 2023 · Defined Benefit (Pension)

State Farm Insurance Companies Retirement Plan for United States Employees · $35.2B · 45,001 · 100th

  • SCH $35.2B
  • EBSA 45,001
  • PART 100th
  • TYPE Defined Benefit (Pension)
  • NET near Kaiser Permanente Retirement Plan
  • BOOK ind #8868

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 Insurance Companies Retirement Plan for United States Employees in the asset neighbourhood

Rtx Consolidated Pension Plan$43.8BState Farm Insurance Companies Retirement Plan for United States EmployeesState Farm Insurance Compani…$35.2BKaiser Permanente Retirement PlanKaiser Permanente Retirement…$33.5BAT&T Pension Benefit Plan$30.0BFedex Corporation Employees' Pension PlanFedex Corporation Employees'…$26.6B
End-of-year total assets ($B) among State Farm Insurance Companies Retirement Plan for United States Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$32.1B
Net Assets (End of Year)$35.2B
Net Income$3.1B
Employer EIN370533100
Plan Effective Date1953-09-01
Filing StatusFILING 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
$45B$50B$55B$60B 202220232024 $46.8B $56.8B ▲ +21.3%
Year Plans Participants Total Assets
2022 2 102,668 $46.8B
2023 2 105,247 $52.2B
2024 2 104,916 $56.7B

Nearby Defined Benefit (Pension) Plans in Illinois

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

State Farm Insurance Companies Retirement Plan for United States Employees vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. 0100002000030000400005000060000 0102030405060 Total assets ($B) Participants State Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement PlanExelon Corporation Retirement Program, Total assets ($B): 6.380359647 · Participants: 9116Exelon Corporation Retirement Program
State Farm Insurance Companies Retirement Plan for United States Employees vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare State Farm Insurance Companies Retirement Plan for United States Employees side-by-side with 3 peers →

Scale composition for State Farm Insurance Companies Retirement Plan for United States Employees

State Farm Insurance Companies Retirement Plan for United States Employees reports $35.2B in end-of-year assets across 45,001 participants (0.29% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.048% of 93,925,755 covered participants) - about $783,159 per participant (5.7x the national average assets-per-participant) . Net income for plan year 2023 was $3.1B.

This plan identity (EIN 370533100, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $32.1B to $37.7B (+17.5%) while covered participants moved from 49,052 to 41,619 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 49,052 $32.1B Open filing
2023 45,001 $35.2B This page
2024 · index core 41,619 $37.7B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

State Farm Insurance Companies Retirement Plan for United States Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Kaiser Permanente Retirement Plan in CA ($33.5B); by covered participants it is International Painters and Allied Trades Industry Pension Plan in MD (44,973 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($35.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (45,001 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did State Farm Insurance Companies Retirement Plan for United States Employees assets move in 2023? ▼
State Farm Insurance Companies Retirement Plan for United States Employees grew at a solid clip - up 9.7% during 2023, from $32.1B to $35.2B. Reported net income was $3.1B.
How have State Farm Mutual Automobile Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), State Farm Mutual Automobile Insurance Company's sponsor-wide assets grew 21.3%, from $46.8B to $56.7B.
Where does State Farm Insurance Companies Retirement Plan for United States Employees rank by assets among Form 5500 filers? ▼
State Farm Insurance Companies Retirement Plan for United States Employees ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to State Farm Insurance Companies Retirement Plan for United States Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Kaiser Permanente Retirement Plan in CA ($33.5B, 127,356 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to State Farm Insurance Companies Retirement Plan for United States Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is International Painters and Allied Trades Industry Pension Plan in MD (44,973 participants, $4.2B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 370533100.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.