And 5 to 10 year projections are pitiful. Where’s the accountability? This is our retirement
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I’m rolling out of these State Farm growth 2 star and State Farm balanced is a c- with the street
I have the majority with vanguard. I would check out Morningstar, The Street and Zacks interesting turn in last two years
Google Barron’s Best Fund Famalies, 3/10/2018.....
Not a lie. Do ur own research.
Forbes article 03-05-2018 has State Farm Pension fund #3 in the top 100 companies and total package #5.
There is no difference in investments funds or how they are managed for executives. Same for all, regardless of role or title.
I’m retired and my $ is still in an 401k and they have always done a wonderful job investing our $. The barons report was something entirely different. Please do your research before you write lie about our401k .
Do ourexecutives have a different investment fund?
Sorry no link. It was outlined in Barron’s
3/9/2018 publication. Egregious
I am part of the 401k department. With respect to a class action: factors in favor of plaintiff- other than target date funds from only one vendor only proprietary funds available, no money market or low risk available, only large cap equity with no international or small/mid cap option, only onebond option with no high yield, very poor performance in proprietary funds. Factors in favor of defendant- no charge on proprietary funds (SF absorbs ALL the costs), broad selection of target date funds. Given no money market/safe option (even though you shouldn't use it), the plaintiff would most likely win.
Agree on Class Action in addition the age discrimination with all these layoffs. I'm praying a lawyer would decide to take on State Farm and make them accountable for their miss handling of our funds and messing with peoples lives. I feel so bad for those who gave their 200% and now are forced to leave without benefits since they did not reach 55 with their QTD.
Is there a link to article?
Darn. I was always told we have the best investment department and Wall Street was envious of our performance. Hope we do better. Disappointing. More Kool Aid please.
The SF Investment department manages the 401K for employees.
Yes I read the article in Barron’s yesterday. Disappointing to see the ranking particularly since it is the same management for the 401k. Always thought their approach was conservative and that it would weather market downturns better than other funds that had more risk and higher return. I don’t think that that is so anymore.
Who invests/manages our 401?
This is the area that could suport a class action. Gross mismanagement of our money.
I moved my 401K just as soon as I could when I separated last year. Yes, there are a lot of considerations, especially if you are 55, or even think about taking the money directly (don't). Bottom line, I have diversified my 401K across a fund family and seen very good returns YTD. I figured if I wasn't going to work for these jokers anymore, why would I want them to handle my money?
Barron’s 3/12/2018:
5 year ranking- State Farm ranked 2nd to last
10 year ranking: last place
And currently last place