887 employees reported this benefit
A 401(k) plan with some company match is available to eligible State Farm employees.
This information about the 401K Plan benefit at State Farm is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of State Farm. The description here may not reflect the current State Farm 401K Plan benefit.
No real percentage match...maximum match is $900 per year, however, they also gave $300 additional without employee required contribution...
I didn’t find anything wrong with it. Better than most companies I’ve worked with
There is nothing bad about the 401k plan. All very good.
Good 401k and easy to manage
There is very little match for the 401(k) offered. I believe it was only something like $900 if you contributed the maximum amount.
The company matches up to annual limit like $1200.
Doesn't exist for agents. They have a 20 year retirement investment program that becomes active after 5 years but they have taken steps with the new contract to limit this payout as much as possible.
Worse: terrible matching contribution
The fees are very low, but the company match of $900/year is a joke.
There are different 401k packages assigned to each age group, and if you're late in the game there is also a package that helps you catch up.