Plan Snapshot
- Plan Sponsor: State Farm Mutual Automobile Insurance Company
- Sponsor EIN: 370533100
- Sponsor Address: ONE STATE FARM PLAZA, BLOOMINGTON, IL, 617100001
- Plan Type: DB
- Total Participants: 39,712
- Total Assets: $37.7B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 39,712 | $37.7B | $0 | $0 |
| 2023 | 41,619 | $35.2B | $0 | $0 |
| 2022 | 45,001 | $32.1B | $0 | $0 |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | NONE | $5,019,426 | $13,823 | $5,033,249 |
| CAPITAL INTERNATIONAL, INC. | NONE | $2,006,838 | — | $2,006,838 |
| JP MORGAN CHASE BANK, N.A. | NONE | $584,456 | $269,900 | $854,356 |
| THE NORTHERN TRUST COMPANY | NONE | $238,174 | — | $238,174 |
| AON | NONE | $189,807 | — | $189,807 |
| PRICEWATERHOUSECOOPERS | NONE | $127,861 | — | $127,861 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — NONE
- JP MORGAN CHASE BANK, N.A. — NONE
- AON — NONE
- PRICEWATERHOUSECOOPERS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,450,285
- Estimated Expense Ratio: 0.022% 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 | $23,028,447 | $2,245,012 | — | $127,861 | — |
| 2023 | $23,119,429 | $2,285,321 | — | $143,261 | — |
| 2022 | $19,150,145 | $2,053,473 | — | — | $5,537,027 |