# On INC. 401(k) Plan
Source: https://planprovider.pro/companies/on-inc-401k-plan

> On INC.&#39;s 401(k) plan: 698 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** On INC.

- **Sponsor EIN:** 464050399

- **Sponsor Address:** 1250 NW 9TH AVE. 5TH FLOOR, PORTLAND, OR, 97209

- **Plan Type:** 401(k)

- **Total Participants:** 698

- **Total Assets:** $17.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|698|$17.5M|$1.9M|$2.7M|

| 2023|449|$11.1M|$1.3M|$2.0M|

| 2022|343|$5.9M|$906,652|$1.3M|

| 2018|50|$511,235|$116,040|$171,552|

| 2017|29|$263,075|$42,727|$94,008|

## 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|

| DELAP LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DELAP LLP](https://planprovider.pro/provider/delap-llp) — 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|$9,970|$9,970|—|—|—|

| 2023|$31,269|$28,169|—|—|—|

| 2022|$29,467|$13,197|$16,270|—|—|

| 2018|—|—|—|—|—|

| 2017|—|—|—|—|—|

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