State Farm Employee 401k Investment Options

State farm employee 401k investment options

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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

CodeBenefitDescription
2EProfit-sharingA defined contribution plan that allows employer discretionary contributions.

State farm employee 401k investment options

These plans often contain a 401(k) feature.

2FERISA section 404(c) PlanThis plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2GTotal participant-directed account planParticipants 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.
2JCode section 401(k) featureA 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.
2SAutomatic EnrollmentPlan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2TParticipant-directed AccountTotal or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3FLeased EmployeesPlan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
3HControlled GroupPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

QuestionAnswerAmount
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

Income and Expense Statement

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
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

12/31/201712/31/2016Change YOY
Total noninterest-bearing cash$0$00.0%
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.

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Government Securities

$1,486,922,208$1,585,067,409-6.19%
Corporate Debt Instruments$744,388,703$696,737,9976.84%
Preferred$0$00.0%
All Other$744,388,703$696,737,9976.84%
Corporate Stocks$7,644,240,101$6,662,236,42114.74%
Preferred$0$00.0%
Common$7,644,240,101$6,662,236,42114.74%
Partnership/joint venture interests $0$00.0%
Real estate (other than employer real property)$0$00.0%
Loans (other than to participants)$0$00.0%
Participants Loans$148,634,989$140,530,7245.77%
Value of interest in common/collective trusts$2,429,510,580$1,832,522,14032.58%
Value of interest in pooled separate accounts$0$00.0%
Value of interest in master trust investment accounts$0$00.0%
Value of interest in 103-12 investment entities$0$00.0%
Value of interest in registered investment companies$0$00.0%
Value of funds held in insurance co.

general account

$0$00.0%
Other Investments$0$00.0%
Employer-related Investments$0$00.0%
Employer Securities$0$00.0%
Employer Real Property$0$00.0%
Buildings and other property used in plan operation$0$00.0%
Total Liabilities$869,547$1,377,702-36.88%
Benefit Claims Payable (1)$869,547$1,377,702-36.88%
Operating Payables (1)$0$00.0%
Acquisition Indebtedness (1)$0$00.0%
Other liabilities (1)$0$00.0%
Net Assets$12,620,537,795$11,143,495,33513.25%

Persons Receiving Only Eligible Indirect Compensation

Other Service Providers Receiving Direct or Indirect Compensation

NameNature of ServiceRelationship to Plan SponsorDirect Compensation Paid by PlanIndirect Compensation Paid by PlanTotal 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 compensationNONE$0$100,007$100,007
The Vanguard Group, Inc.Investment management, Investment management fees paid indirectly by plan, Non-monetary compensationNONE$0$1,711$1,711
Total$0$101,718$101,718

Indirect Compensation

NameSource of Indirect Compensation*Nature of ServiceDescription of Indirect CompensationIndirect Compensation Paid by Plan
The Vanguard Group, Inc.State Farm Mutual Automobile Ins CoInvestment management, Investment management fees paid indirectly by plan, Non-monetary compensationConference 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 expensesRevenue Share On Mutual Funds$100,007

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Investments

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

State farm employee 401k investment options