Retirement Plans For Small Businesses
Offering retirement plans is an excellent way to attract and retain valuable employees. And helping your employees plan for retirement just got easier.
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Qualified Retirement Plans
State Farm offers the following retirement plans for businesses:
Record Keeping and Administration Services
For an annual service fee, we provide record keeping and administration services. We offer plan and participant services including:
- Eligibility determination
- Account valuation
- Tax reporting
- Participant termination processing
- Participant loan assistance
Participant Services
Participants in SEP, SIMPLE and Safe Harbor 401(k) are also provided with services including:
- Interactive voice response system access to select from available State Farm Mutual Funds and Variable Products
Payment Options -- Employers can choose to make plan contributions by check (direct remittance or pre-authorized check) or Automated Clearing House (ACH).
Your State Farm agent will complete a factfinder to gather information about your business and your objectives for a retirement plan. Based on this information, a Retirement Plan Specialist will prepare a proposal for you to consider.
For detailed information on qualified retirement plans, please contact your State Farm agent.
Life insurance and annuities issued by:
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
Bloomington, IL
State Farm Life and Accident Assurance Company
(Licensed in New York and Wisconsin)
Home Office, Bloomington, Illinois
State Farm VP Management Corp Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook
(PDF 417 KB)
.
It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.
AP2007/12/9643
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