Plan Snapshot
- Plan Sponsor: State Farm Mutual Automobile Insurance Company
- Sponsor EIN: 370533100
- Sponsor Address: ONE STATE FARM PLAZA, BLOOMINGTON, IL, 617100001
- Plan Type: 401(k)
- Total Participants: 67,476
- Total Assets: $19.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 67,476 | $19.0B | $143.3M | $449.9M |
| 2023 | 63,297 | $16.9B | $105.3M | $427.0M |
| 2022 | 60,246 | $14.7B | $70.5M | $400.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $585,741 | — | $585,741 |
| PRICEWATERHOUSECOOPERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- PRICEWATERHOUSECOOPERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $585,741
- Estimated Expense Ratio: 0.003% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $585,741 | — | — | — | — |
| 2023 | $4,725 | — | — | — | — |
| 2022 | — | — | — | — | — |