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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1968
  • Net Assets as of 12/31/2017 $12,620,537,795
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants67,113
  • Retired or separated participants receiving benefits3,142
  • Other retired or separated participants entitled to future benefits24,475
  • Subtotal94,730
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1,216
  • Total95,946
  • Total number of participants as of 01/01/201797,489
  • Number of participants with account balances95,675
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressOne State Farm Plaza
  • CityBloomington
  • StateIL
  • Zip61710-0001
  • Telephone(309) 766-2311
  • EIN37-0533100
  • Industry Code524150

Plan Administrator Information

  • Administrator NamePension Administrative Committee
  • AddressOne State Farm Plaza
  • CityBloomington
  • StateIL
  • Zip61710-0001
  • Telephone(309) 766-2311
  • Administrator EIN37-0533100

Audit Information

  • Audit StatusAudited
  • AuditorPricewaterhousecoopers
  • Auditor EIN13-4008324
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $2,007,987,524
Contributions $465,433,865
Cash Contributions $465,433,865
Cash from Employers $77,311,219
Cash from Participants $372,199,380
Others (including rollovers) $15,923,266
Noncash Contributions $0
Total Earnings on Investments $1,542,553,659
Total Interest $62,223,150
Interest-Bearing Cash $900,031
U.S. Government Securities $32,847,917
Corporate Debt Instruments $22,159,327
Loans (other than to participants) $0
Participant Loans $6,315,875
Interest from Other Investments $0
Total Dividends $180,068,805
Preferred Stock $0
Common Stock $180,068,805
Rents $0
Net gain (loss) on sale of assets $67,548,666
Aggregate Proceeds $503,735,711
Aggregate Carrying Amount $436,187,045
Total Unrealized Appreciation (depreciation) of assets $902,519,291
Real Estate $0
Other $902,519,291
Net investment gain (loss) from common/collective trusts $330,193,747
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $530,945,064
Total Benefit Payments $521,926,504
Directly to participants or beneficiaries, including direct rollovers $521,926,504
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $9,018,560
Interest expense $0
Total Administrative Expenses $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,477,042,460
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $12,621,407,342 $11,144,873,037 13.25%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $83,093,729 $84,718,065 -1.92%
Employer Contributions $56,392,408 $57,413,835 -1.78%
Participant Contributions $0 $1,223 -100.00%
Other Contributions $26,701,321 $27,303,007 -2.20%
General Investments $1,571,539,240 $1,728,127,690 -9.06%
Interest-bearing cash $84,617,032 $143,060,281 -40.85%
U.S. Government Securities $1,486,922,208 $1,585,067,409 -6.19%
Corporate Debt Instruments $744,388,703 $696,737,997 6.84%
Preferred $0 $0 0.0%
All Other $744,388,703 $696,737,997 6.84%
Corporate Stocks $7,644,240,101 $6,662,236,421 14.74%
Preferred $0 $0 0.0%
Common $7,644,240,101 $6,662,236,421 14.74%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $148,634,989 $140,530,724 5.77%
Value of interest in common/collective trusts $2,429,510,580 $1,832,522,140 32.58%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $869,547 $1,377,702 -36.88%
Benefit Claims Payable (1) $869,547 $1,377,702 -36.88%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $12,620,537,795 $11,143,495,335 13.25%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Jpmorgan Chase Bank, N.A. Custodial (other than securities), Float revenue, Investment management fees paid indirectly by plan, Other investment fees and expenses, Non-monetary compensation NONE $0 $100,007 $100,007
The Vanguard Group, Inc. Investment management, Investment management fees paid indirectly by plan, Non-monetary compensation NONE $0 $1,711 $1,711
Total $0 $101,718 $101,718

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
The Vanguard Group, Inc. State Farm Mutual Automobile Ins Co Investment management, Investment management fees paid indirectly by plan, Non-monetary compensation Conference and Events $1,711
Jpmorgan Chase Bank, N.A. J.P. Morgan Investment Management Custodial (other than securities), Investment management fees paid indirectly by plan, Non-monetary compensation, Float revenue, Other investment fees and expenses Revenue Share On Mutual Funds $100,007
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Trust Select 2025 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $417,521,969
Trust Select 2030 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $384,995,583
Trust Select 2020 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $316,924,326
Trust Select 2035 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $283,881,379
Trust Select 2040 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $229,918,478
Trust Select 2050 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $221,073,422
Trust Select Income Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $186,531,886
Trust Select 2045 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $175,368,367
Trust Select 2015 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $129,493,407
Trust Select 2055 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $60,921,207
Trust Select 2060 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $22,695,787
Trust Select 2065 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $184,769
Trust Plus 2060 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2010 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2015 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2020 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2025 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2030 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2035 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2040 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2045 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2050 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus 2055 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Trust Plus Income Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Total $2,429,510,580

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.