401(k) · DOL Form 5500 · 2023
Sleep Number Corporation 401(k) Plan
Data updated 2026-08-11
- $235M
- Total assets
- 5,118
- Participants
- 95th
- Percentile by assets
- $45,986
- Avg per participant
Official DOL plan name: Sleep Number Profit Sharing and 401(k) Plan · Sponsored by Sleep Number Corporation · Minnesota · Manufacturing
$235M in assets, 5,118 participants
Sleep Number Corporation's Sleep Number Profit Sharing and 401(k) Plan reported $235M in total assets and 5,118 participants in its 2023 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 95th percentile by assets (of 127,072 plans)
- #17,351 in Manufacturing (18,722 peers)
Coverage in Minnesota
Sleep Number Profit Sharing and 401(k) Plan covers 5,118 participants in Minnesota, 4.5x the typical Minnesota plan (state average ~1,126 per filing). Assets: $235M.
- $235M
- total plan assets (2023 EOY)
- 5,118
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $45,986
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sleep Number Profit Sharing and 401(k) Plan reported net income rose from -$37M in the plan year 2022 filing to $32M in the plan year 2023 filing.
- Sleep Number Profit Sharing and 401(k) Plan end-of-year assets rose from $203M in the plan year 2022 filing to $235M in the plan year 2023 filing.
- Sleep Number Profit Sharing and 401(k) Plan reported participants fell from 5,706 in the plan year 2022 filing to 5,118 in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Sleep Number Profit Sharing and 401(k) Plan reports 5,118 participants - 4.5x that state average ($235M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $203M |
|---|---|
| Net Assets (End of Year) | $235M |
| Net Income | $32M |
| Employer EIN | 411597886 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sleep Number Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,706 | $203M |
| 2023 | 1 | 5,118 | $235M |
| 2024 | 1 | 4,172 | $257M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sleep Number Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Scale composition for Sleep Number Profit Sharing and 401(k) Plan
Sleep Number Profit Sharing and 401(k) Plan reports $235M in end-of-year assets across 5,118 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $45,986 per participant (33% of the national average assets-per-participant) . Net income for plan year 2023 was $32M.
This plan identity (EIN 411597886, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $203M to $257M (+26.7%) while covered participants moved from 5,706 to 4,172 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,706 | $203M | Open filing |
| 2023 | 5,118 | $235M | This page |
| 2024 · index core | 4,172 | $257M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sleep Number Profit Sharing and 401(k) Plan (401(k), $257M, 4,172 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sleep Number Profit Sharing and 401(k) Plan by total assets, not by location.
- Suburban Propane Retirement Savings and Investment Plan (NJ) $235M · 3,351
- Centier Bank Associates' Stock Ownership and 401(k) Plan (IN) $235M · 996
- Bricklayers and Trowel Trades Int'l Retirement Savings Plan (DC) $235M · 20,565
- Omni Hotels 401(k) Retirement Savings Plan (TX) $235M · 13,325
Frequently Asked Questions
How did Sleep Number Profit Sharing and 401(k) Plan assets move in 2023? ▼
How have Sleep Number Corporation plan assets changed over time? ▼
Where does Sleep Number Profit Sharing and 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sleep Number Profit Sharing and 401(k) Plan? ▼
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Filing takeaways
Ways to act on Sleep Number Profit Sharing and 401(k) Plan's numbers.
- By total assets, Sleep Number Profit Sharing and 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Sleep Number Corporation's sponsor-wide assets have grown 26.7% since 2022 across 3 plan years on file. More Manufacturing plans