Plan Snapshot
- Plan Sponsor: Sleep Number Corporation
- Sponsor EIN: 411597886
- Sponsor Address: 1001 THIRD AVENUE SOUTH, MINNEAPOLIS, MN, 55404
- Plan Type: 401(k)
- Total Participants: 3,765
- Total Assets: $257.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 3,765 | $257.4M | $7.4M | $15.0M |
| 2023 | 4,170 | $235.4M | $9.0M | $17.0M |
| 2022 | 5,118 | $203.1M | $9.5M | $17.6M |
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 |
|---|---|---|---|---|
| DELOITTE & TOUCHE LLP | Auditor | $67,625 | — | $67,625 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,625
- Estimated Expense Ratio: 0.026% of plan assets
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 | $548,120 | $74,000 | — | $67,625 | — |
| 2023 | $684,447 | $72,300 | — | $47,843 | — |
| 2022 | $727,067 | — | — | — | $727,067 |