401(k) · DOL Form 5500 · 2024

State Farm Mutual Automobile Insurance Company 401(k) Plan

Data updated 2026-07-24

$19.0B
Total assets: 63,297
Participants: 100th
Percentile by assets: $300,332
Avg per participant

Official DOL plan name: State Farm 401(k) Savings Plan · Sponsored by State Farm Mutual Automobile Insurance Company · Illinois · Finance & Insurance

$19.0B in assets, 63,297 participants

State Farm Mutual Automobile Insurance Company's State Farm 401(k) Savings Plan reported $19.0B in total assets and 63,297 participants in its 2024 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 116,472 plans)

Coverage in Illinois

State Farm 401(k) Savings Plan covers 63,297 participants in Illinois, 82x the typical Illinois plan (state average ~768 per filing). Assets: $19.0B.

$19.0B
total plan assets (2024 EOY): 63,297
covered participants: 100th
percentile by assets (of 116,472 plans): $300,332
avg assets per participant

State Farm 401(k) Savings Plan end-of-year assets rose from $16.9B in the plan year 2023 filing to $19.0B in the plan year 2024 filing.
State Farm 401(k) Savings Plan reported net income fell from $2.3B in the plan year 2023 filing to $2.1B in the plan year 2024 filing.
State Farm 401(k) Savings Plan reported participants rose from 60,246 in the plan year 2023 filing to 63,297 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Finance & Insurance

Participants vs Illinois filers

In Illinois, the average filing covers about 768 participants across 5,440 plans. State Farm 401(k) Savings Plan reports 63,297 participants - 82x that state average ($19.0B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$16.9B
Net Assets (End of Year)	$19.0B
Net Income	$2.1B
Employer EIN	370533100
Plan Effective Date	1968-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (State Farm Mutual Automobile Insurance Company)

Total plan assets by year, all State Farm Mutual Automobile Insurance Company plans on file

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 $21.3B · 66,965
United Airlines Pilot Retirement Account Plan $16.8B · 16,659
Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
Walgreens Retirement Savings Plan $14.5B · 233,635
Abbvie Savings Plan $13.4B · 26,790

Compare State Farm 401(k) Savings Plan side-by-side with 3 peers →

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.

Delta 401(k) Retirement Plan (GA) $19.0B · 89,836
Caterpillar 401(k) Savings Plan (TX) $18.8B · 43,873
The Teamster - UPS National 401(k) Tax Deferred Savings Plan (GA) $19.3B · 452,126
Comcast Corporation Retirement - Investment Plan (PA) $19.7B · 90,495

Frequently Asked Questions

How did State Farm 401(k) Savings Plan assets move in 2024? ▼

State Farm 401(k) Savings Plan grew at a solid clip - up 12.3% during 2024, from $16.9B to $19.0B. Reported net income was $2.1B.

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 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 116,472 plans that reported assets for plan year 2024 (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 Delta 401(k) Retirement Plan in GA ($19.0B, 89,836 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.