Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance 401(k)
- Finance and insurance
- Bloomington, IL
- EIN 37-0533100
- 1 plan with Schedule H financials
- Plan year 2024
- State Farm Mutual Automobile Insurance Company
- SEC registrant State Farm Mutual Automobile Insurance Co
Administrative expenses excluding investment management, per participant · State Farm 401(k) Savings Plan · plan year 2024
$5.87
Higher than 6% of the 1,045 plans over $1B that report it.
Source
= $585,741 / 99,752
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010104106NAL0007965633001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104106NAL0007965633001, received 2025-10-10
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.
Cost and contributions
Administrative expenses per participant
$5.87
Higher than 2% of the 1,076 plans over $1B that report it.
Source
= $585,741 / 99,752
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104106NAL0007965633001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104106NAL0007965633001, received 2025-10-10
Administrative expenses as a share of assets
0.003%
Higher than 3% of the 1,076 plans over $1B that report it.
Source
= $585,741 / $19,010,099,056
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104106NAL0007965633001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010104106NAL0007965633001, received 2025-10-10
Employer contributions per participant
$1,436
Higher than 10% of the 1,135 plans over $1B that report it.
Source
= $143,253,987 / 99,752
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104106NAL0007965633001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104106NAL0007965633001, received 2025-10-10
Employer share of total contributions
22.7%
Higher than 16% of the 1,135 plans over $1B that report it.
Source
= $143,253,987 / $632,467,400
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104106NAL0007965633001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010104106NAL0007965633001, received 2025-10-10
Plan terms, as stated in State Farm Mutual Automobile Insurance Company's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010104106NAL0007965633001, received 2025-10-10
Full record, State Farm 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Plan name | STATE FARM 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Sponsor EIN / plan number | 37-0533100 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Sponsor location | BLOOMINGTON, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Industry (business code) | 524150, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Filing received | 2025-10-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Participants, beginning of year | 102,869 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Active participants | 67,476 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Participants, end of year | 101,896 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Participants with an account balance | 99,752 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Total assets, beginning of year | $16,935,002,041 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Total assets, end of year | $19,010,099,056 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Net assets, end of year | $19,010,099,056 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Total income | $3,539,157,965 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Net income | $2,075,097,015 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Employer contributions | $143,253,987 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Participant contributions | $449,892,836 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Other contributions (incl. rollovers) | $39,320,577 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Total contributions | $632,467,400 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Benefit payments | $1,463,452,044 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Total expenses (incl. benefit payments) | $1,464,060,950 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Total administrative expenses | $585,741 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Administrative expenses excluding investment management | $585,741 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Held in common/collective trusts | $18,029,706,491 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Held in mutual funds | $772,771,972 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010104106NAL0007965633001, received 2025-10-10 |
| Independent auditor | PRICEWATERHOUSECOOPERS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010104106NAL0007965633001, received 2025-10-10 |
Position = column in the DOL layout for form year 2024. Filing 20251010104106NAL0007965633001, received 2025-10-10.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 16 Consulting (general); 25 Trustee (directed); 37 Participant loan processing; 52 Investment management fees paid indirectly by plan | $585,741 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010104106NAL0007965633001, received 2025-10-10.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $16,935,002,041 | $19,010,099,056 | 12.3% |
| Participants with a balance | 100,561 | 99,752 | -0.8% |
| Administrative expenses | $4,725 | $585,741 | 12296.6% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $105,270,695 | $143,253,987 | 36.1% |
Prior filing 20241012073558NAL0013220547001, received 2024-10-12; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY; SEC registrant: STATE FARM MUTUAL AUTOMOBILE INSURANCE CO (CIK 315032, matched by EIN).