401(k) · DOL Form 5500 · 2023

Sleep Number Corporation 401(k) Plan

Data updated 2026-08-25

$235M
Total assets Near avg plan size
5,118
Participants Above avg headcount
95th
Percentile by assets National rank
$45,986
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#17,351
in Manufacturing (18,722 peers)
+15.9%
assets growth YoY
2.4×
vs typical plan assets (national mean)

Sleep Number Profit Sharing and 401(k) Plan's outsized position by total assets

Sleep Number Profit Sharing and 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$235,355,818 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Sleep Number Profit Sharing and 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sleep Number Profit Sharing and 401(k) Plan lands in the large band (5,118 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411597886 · Sleep Number Corporation PY 2023 · 401(k)

Sleep Number Profit Sharing and 401(k) Plan · $235M · 5,118 · 95th

  • PART $235M
  • PART 5,118
  • PART 95th
  • PART 401(k)
  • PART near Suburban Propane Retirement Savings and Investment Plan
  • PART ind #17351

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Sleep Number Profit Sharing and 401(k) Plan in the asset neighbourhood

Sleep Number Profit Sharing and 401(k) PlanSleep Number Profit Sharing …$235MSuburban Propane Retirement Savings and Investment PlanSuburban Propane Retirement …$235MCentier Bank Associates' Stock Ownership and 401(k) PlanCentier Bank Associates' Sto…$235MBricklayers and Trowel Trades Int'l Retirement Savings PlanBricklayers and Trowel Trade…$235MOmni Hotels 401(k) Retirement Savings PlanOmni Hotels 401(k) Retiremen…$235M
End-of-year total assets ($M) among Sleep Number Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$203M
Net Assets (End of Year)$235M
Net Income$32M
Employer EIN411597886
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sleep Number Corporation)

Sponsor-wide plan assets over time

All Sleep Number Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$257M 26.73432582553787% vs 2022
2024 filing year
$180M$200M$220M$240M$260M$280M 202220232024 $203M $257M ▲ +26.7%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Sleep Number Profit Sharing and 401(k) Plan, Total assets ($B): 0.235355818 · Participants: 5118Sleep Number Profit Sharing and 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Sleep Number Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Sleep Number Profit Sharing and 401(k) Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Suburban Propane Retirement Savings and Investment Plan in NJ ($235M); by covered participants it is Prysmian Group 401(k) Plan in KY (5,115 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,118 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sleep Number Profit Sharing and 401(k) Plan assets move in 2023? ▼
Sleep Number Profit Sharing and 401(k) Plan grew sharply - up 15.9% during 2023, from $203M to $235M. Reported net income was $32M.
How have Sleep Number Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sleep Number Corporation's sponsor-wide assets grew 26.7%, from $203M to $257M.
Where does Sleep Number Profit Sharing and 401(k) Plan rank by assets among Form 5500 filers? ▼
Sleep Number Profit Sharing and 401(k) Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sleep Number Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Suburban Propane Retirement Savings and Investment Plan in NJ ($235M, 3,351 participants).
Which 401(k) plans cover a similar participant headcount to Sleep Number Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Prysmian Group 401(k) Plan in KY (5,115 participants, $638M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411597886.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.