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Recordkeeping fees per participant · Sleep Number Profit Sharing and 401(k) Plan · plan year 2024
$92.50
Higher than 91% of the 1,697 plans $250M to 1B that report it.
= $367,138 / 3,969
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250815133521NAL0010454401001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815133521NAL0010454401001, received 2025-08-15
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-15.
Administrative expenses excluding investment management, per participant
$119.46
Higher than 84% of the 2,324 plans $250M to 1B that report it.
= $474,120 / 3,969
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250815133521NAL0010454401001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815133521NAL0010454401001, received 2025-08-15
Administrative expenses per participant
$138.10
Higher than 78% of the 2,405 plans $250M to 1B that report it.
= $548,120 / 3,969
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250815133521NAL0010454401001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815133521NAL0010454401001, received 2025-08-15
Administrative expenses as a share of assets
0.213%
Higher than 94% of the 2,407 plans $250M to 1B that report it.
= $548,120 / $257,380,773
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250815133521NAL0010454401001, received 2025-08-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250815133521NAL0010454401001, received 2025-08-15
Employer contributions per participant
$1,875
Higher than 24% of the 2,457 plans $250M to 1B that report it.
= $7,439,988 / 3,969
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250815133521NAL0010454401001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815133521NAL0010454401001, received 2025-08-15
Employer share of total contributions
32.2%
Higher than 54% of the 2,459 plans $250M to 1B that report it.
= $7,439,988 / $23,106,027
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250815133521NAL0010454401001, received 2025-08-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250815133521NAL0010454401001, received 2025-08-15
Employer match
“Between January 1, 2025 and October 9, 2025, the Company matched 100% of the first 4% of participants' eligible earnings.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“The Plan is available to all common law employees of the Company who are eligible to enroll in the Plan on their date of hire.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“For participant contributions made beginning in 2022, the Company's matching contributions are immediately vested.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 2S pre-approved plan document · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250815133521NAL0010454401001, received 2025-08-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SLEEP NUMBER CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Plan name | SLEEP NUMBER PROFIT SHARING AND 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Sponsor EIN / plan number | 41-1597886 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Sponsor location | MINNEAPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Industry (business code) | 337000, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Filing received | 2025-08-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Participants, beginning of year | 5,952 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Active participants | 3,765 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Participants, end of year | 5,265 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Participants with an account balance | 3,969 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Total assets, beginning of year | $235,355,818 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Total assets, end of year | $257,380,773 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Net assets, end of year | $257,285,355 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Total income | $55,547,443 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Net income | $22,050,007 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Employer contributions | $7,439,988 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Participant contributions | $14,994,583 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Other contributions (incl. rollovers) | $671,456 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Total contributions | $23,106,027 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Benefit payments | $32,949,316 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Total expenses (incl. benefit payments) | $33,497,436 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Total administrative expenses | $548,120 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Recordkeeping fees | $367,138 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| IQPA audit fees | $67,625 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Investment advisory and management fees | $74,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Administrative expenses excluding investment management | $474,120 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Held in common/collective trusts | $138,982,873 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Held in mutual funds | $103,377,443 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250815133521NAL0010454401001, received 2025-08-15 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250815133521NAL0010454401001, received 2025-08-15 |
Position = column in the DOL layout for form year 2024. Filing 20250815133521NAL0010454401001, received 2025-08-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MILLIMAN, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $367,138 | no |
| CAPTRUST | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $74,000 | no |
| DELOITTE & TOUCHE LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $56,625 | no |
| CHARLES SCHWAB TRUST BANK | NONE | 19 Custodial (securities); 25 Trustee (directed); 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 60 Sub-transfer agency fees; 62 Float revenue | $39,357 | yes |
| BAKER TILLY US, LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $11,000 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 19 Custodial (securities); 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250815133521NAL0010454401001, received 2025-08-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $235,355,818 | $257,380,773 | 9.4% |
| Participants with a balance | 4,688 | 3,969 | -15.3% |
| Administrative expenses | $684,447 | $548,120 | -19.9% |
| Recordkeeping fees per participant | $108.46 | $92.50 | -14.7% |
| Employer contributions | $9,049,282 | $7,439,988 | -17.8% |
Prior filing 20240718103555NAL0009404256001, received 2024-07-18; the plan years are contiguous.
Sponsor name as filed: SLEEP NUMBER CORPORATION; SEC registrant: Sleep Number Corp (CIK 827187, matched by EIN; display name from the Form 11-K cover).