Financial Programs & Retirement

State Farm® wants employees to succeed today, but we're also passionate about financial programs for retirement. Our employee financial and retirement benefits are impressive, including a fully funded pension plan and 401(k) savings plan. And that's just the beginning.

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Retirement Plan

A defined benefit pension plan provides eligible employees a financial benefit at retirement, based on years of plan participation and compensation. State Farm pays the full cost of this plan.

401(k) Savings Plan

A defined contribution plan offers tax-advantaged savings opportunities. State Farm makes a yearly non-elective contribution into the account of each eligible participant and provides a Company match each year for qualifying participants.

State Farm Mutual Funds®

Company employees, agents, and qualified family members are eligible to purchase Associate Mutual Funds and Retail Mutual Funds without a sales charge. (Note: As a result of State Farm's response to the US. Department of Labor's Fiduciary Rule implemented June 9, 2017, retail customers also currently do not pay a sales charge for mutual fund purchases).

Financial Education

State Farm offers every employee access to an award-winning employee financial education program that includes extensive courses on topics such as retirement planning, budgeting and cash management, college planning, financial and estate planning, and tax planning.

Credit Union

Eligible State Farm employees, agents, retirees, and eligible members of their immediate families can take advantage of membership in State Farm Federal Credit Union. A variety of products are offered, including savings accounts, personal loans, lines of credit and more.


Reimbursement (up to certain dollar limits) is available for eligible adoption expenses. In addition, you may take up to four (4) weeks of paid time off for bonding or activities surrounding bringing a child into your home.

Good Neighbor Grant® and Matching Gift Programs

Good Neighbor Grant and Matching Gift programs are available through the State Farm Companies Foundation.

Discount Program

In the market to purchase electronics, jewelry, travel — more? As a State Farm employee, you can receive special discounts on your purchases from a wide array of national and local merchants.


Securities Issued by State Farm VP Management Corp. For more information, call 1-800-447-4930 (Retail) or 1-800-447-0740 (Associate).

Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products.

Neither State Farm nor its agents provide tax or legal advice.

Reasonable Accommodation Assistance

If you need assistance during the application or hiring process to accommodate a disability, you may request a reasonable accommodation by contacting Career Center Support or your State Farm® contact.

State Farm is an equal opportunity employer.