Plan Snapshot
- Plan Sponsor: Sonder Usa INC.
- Sponsor EIN: 300871947
- Sponsor Address: 919 N. MARKET STREET, WILMINGTON, DE, 19801
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 722
- Total Assets: $15.9M
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. |
|---|---|---|---|---|
| 2025 | 722 | $15.9M | $0 | $0 |
| 2024 | 713 | $18.1M | $0 | $3.9M |
| 2023 | 877 | $17.4M | $0 | $4.6M |
| 2022 | 980 | $13.0M | $1,252 | $5.1M |
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 |
|---|---|---|---|---|
| GIULIANO, MILLER & COMPANY, LLC | Other Service Provider | $60,000 | — | $60,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $58,707 | — | $58,707 |
| PRIME CAPITAL INVESTMENT ADVISORS, | Investment Advisor | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,707
- Estimated Expense Ratio: 0.839% 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 |
|---|---|---|---|---|---|
| 2025 | $7,929,455 | $15,000 | — | — | — |
| 2024 | $57,414 | — | — | — | — |
| 2023 | $40,110 | — | — | — | — |
| 2022 | $32,445 | — | — | — | — |