State Farm Mutual Automobile Insurance Company
72
Plan:
State Farm 401k Savings Plan
48
75
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (72) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $109,900 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
State Farm 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Account Balances, Participation Rate, and Total Plan Cost. State Farm 401k Savings Plan currently has over 85,000 active participants and over $7.1B in plan assets.
Retirement Plan Details
| Address |
One State Farm Plaza
Bloomington, IL 61710-0001 |
| Industry | Finance and Insurance |
| Administrator | Mary Schmidt |
| Sponsor | Rod Hoff |
| Net Plan Assets | $7,110,000,000 |
| Total Participants | 85,000 |
| Avg Account Balance | $85,000 |
Compare Other Companies in Peer Group
| Morgan Stanley & Co. | 83.8 |
| Fmr LLC | 82.4 |
| The Prudential Insurance Company... | 80.6 |
| Liberty Mutual Group | 77.7 |
| Citigroup | 77.1 |
| Metropolitan Life Insurance Company | 73.3 |
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