Retirement & Financial Offerings

At State Farm, we are a leader in the insurance and financial services industry.  We offer our employees programs, financial education and tools to help them plan and achieve their financial goals.

Offering a solid combination for the future

State Farm 401(k) Savings Plan
State Farm offers its employees the opportunity to save through its 401(k) savings plan. Contributions can be made through salary reduction. The company makes a yearly non-elective contribution to this plan for each of its participants, and provides a flat dollar match each year depending on profits.

Retirement Pension Plan
We also provide a defined benefit pension plan to eligible employees. This plan provides a financial benefit at retirement based on eligible employees' years of plan participation and their highest average annual compensation for any 1825 consecutive days of credited service. State Farm pays for the full cost of this plan.

US Discount Program
The US Discount Program is a valuable benefit available to State Farm employees, agents, employees of agents, and retirees. This benefit allows eligible individuals to save money on products and services from many companies.

Options for additional financial security

Credit Union
Eligible State Farm employees and eligible members of their immediate families can take advantage of State Farm’s Federal Credit Union. Established in 1936, the Credit Union offers savings accounts and personal loans, such as vehicle loans, life insurance loans, lines of credit and more. In 2006, State Farm’s Federal Credit Union ranked 23rd on the list of the 100 largest United States credit unions and is one of the highest valued benefits available to our associates.

State Farm Mutual Funds®
State Farm employees and qualified family members are eligible to purchase State Farm's Associate Mutual Funds and Retail Mutual Funds with no sales charge. State Farm has made Associate mutual funds available since 1968. There are four Associate mutual funds available only to employees, agents and qualified family members. Also, State Farm markets shares of 15 additional mutual funds to the general retail public. State Farm employees and qualified family members may purchase retail mutual funds without sales charges and at Net Asset Value (NAV)*.

*NAV is calculated by adding all of the assets of a Fund, subtracting the Fund’s liabilities, then dividing by the number of outstanding shares. A separate NAV is calculated for each class of each Fund. NAV is calculated at the close of each business day and employees can purchase funds without paying the sales charge.

Charting Your Financial Future

Financial Education
State Farm believes that helping employees plan for their financial future is an important benefit. In addition to the financial programs mentioned above, we provide financial education courses on a variety of topics and tools to help employees plan and achieve their financial goals.