401(k) · DOL Form 5500 · 2023

State Farm Mutual Automobile Insurance Company 401(k) Plan

Data updated 2026-08-25

$16.9B
Total assets Mega-plan scale
60,246
Participants Very large workforce
100th
Percentile by assets National rank
$281,098
Avg per participant High balance/head
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Official DOL plan name: State Farm 401(k) Savings Plan · Sponsored by State Farm Mutual Automobile Insurance Company · Illinois · Finance & Insurance

$16.9B in assets, 60,246 participants

State Farm Mutual Automobile Insurance Company's State Farm 401(k) Savings Plan reported $16.9B in total assets and 60,246 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.

  • #8,863 in Finance & Insurance (8,869 peers)

Coverage in Illinois

State Farm 401(k) Savings Plan covers 60,246 participants in Illinois, 77x the typical Illinois plan (state average ~779 per filing). Assets: $16.9B.

#8,863
in Finance & Insurance (8,869 peers)
+15.6%
assets growth YoY
170×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$16,935,002,041 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 401(k) Savings Plan'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 401(k) Savings Plan is a mega filing (60,246 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • State Farm 401(k) Savings Plan reported net income rose from -$3.2B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
  • State Farm 401(k) Savings Plan end-of-year assets rose from $14.7B in the plan year 2022 filing to $16.9B in the plan year 2023 filing.
  • State Farm 401(k) Savings Plan reported participants rose from 53,616 in the plan year 2022 filing to 60,246 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 370533100 · State Farm Mutual Automobile Insurance Company PY 2023 · 401(k)

State Farm 401(k) Savings Plan · $16.9B · 60,246 · 100th

  • RANK $16.9B
  • PHOTO 60,246
  • IND 100th
  • EOY 401(k)
  • 5500 near The Teamster - UPS National 401(k) Tax Deferred Savings Plan
  • ASSETS ind #8863

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

Comcast Corporation Retirement - Investment PlanComcast Corporation Retireme…$17.4BThe Teamster - UPS National 401(k) Tax Deferred Savings PlanThe Teamster - UPS National …$17.2BState Farm 401(k) Savings PlanState Farm 401(k) Savings Pl…$16.9BCaterpillar 401(k) Savings PlanCaterpillar 401(k) Savings P…$16.5BDelta 401(k) Retirement Plan$16.2B
End-of-year total assets ($B) among State Farm 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$14.7B
Net Assets (End of Year)$16.9B
Net Income$2.3B
Employer EIN370533100
Plan Effective Date1968-01-01
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 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 Scatter plot of 6 data points. 050000100000150000200000250000 1012141618 Total assets ($B) Participants State Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings PlanAbbvie Savings Plan, Total assets ($B): 11.727403345 · Participants: 26300Abbvie Savings Plan
State Farm 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare State Farm 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for State Farm 401(k) Savings Plan

State Farm 401(k) Savings Plan reports $16.9B in end-of-year assets across 60,246 participants (0.14% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.064% of 93,925,755 covered participants) - about $281,098 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $2.3B.

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 Open filing
2023 60,246 $16.9B This page
2024 · index core 63,297 $19.0B Open filing

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

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 ($17.2B); by covered participants it is Advance Auto Parts, Inc. 401(k) Plan in VA (60,087 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($16.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (60,246 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 401(k) Savings Plan assets move in 2023? ▼
State Farm 401(k) Savings Plan grew sharply - up 15.6% during 2023, from $14.7B to $16.9B. Reported net income was $2.3B.
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 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
State Farm 401(k) Savings Plan 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 401(k) plans are similar in size to State Farm 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Teamster - UPS National 401(k) Tax Deferred Savings Plan in GA ($17.2B, 510,511 participants).
Which 401(k) plans cover a similar participant headcount to State Farm 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Advance Auto Parts, Inc. 401(k) Plan in VA (60,087 participants, $1.0B 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.