Plan Snapshot
- Plan Sponsor: Inspire Medical Systems, INC.
- Sponsor EIN: 261377674
- Sponsor Address: 5500 WAYZATA BLVD. SUITE 1600, GOLDEN VALLEY, MN, 55416
- Plan Type: 401(k)
- Total Participants: 1,177
- Total Assets: $85.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,177 | $85.8M | $5.3M | $14.7M |
| 2023 | 964 | $55.7M | $4.2M | $11.6M |
| 2022 | 724 | $29.1M | $2.7M | $7.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ERNST & YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $160,136 | $67,454 | — | — | — |
| 2023 | $121,088 | $36,546 | — | — | — |
| 2022 | $50,409 | — | $5,100 | — | $45,309 |