401(k)
2023 plan-year 401(k) DOL Form 5500

Inspire Medical Systems, Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Inspire Medical Systems, Inc. · Minnesota · Manufacturing

What the 2023 filing shows

Inspire Medical Systems, Inc. 401(k) Plan holds $56M for 730 participants — about $76,310 per participant, up 91.5% over the 2023 plan year.

$56M
total plan assets (2023 EOY)
730
covered participants
$76,310
avg assets per participant
+91.5%
assets growth YoY
Total Assets (2023)
$56M
Participants
730
State
Industry
Manufacturing

What the Filing Says About Inspire Medical Systems, Inc. 401(k) Plan

Inspire Medical Systems, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Inspire Medical Systems, Inc., headquartered in Minnesota. As of the 2023 Form 5500 filing, the plan reports $56M in total end-of-year assets and covers 730 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 261377674, and the plan has been effective since 2008-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $29M at the beginning of 2023 to $56M at year-end — a gain of 91.5%. Net assets (after liabilities) closed the year at $56M, with reported net income of $27M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$29M
Total Assets (End of Year)$56M
Net Assets (End of Year)$56M
Net Income$27M
Plan Type401(k)
Employer EIN261377674
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Inspire Medical Systems, Inc.)

Year Plans Participants Total Assets
2022 1 461 $29M
2023 1 730 $56M
2024 1 980 $86M

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Frequently Asked Questions

How much money is in the Inspire Medical Systems, Inc. 401(k) Plan?
As of the 2023 Form 5500 filing, Inspire Medical Systems, Inc. 401(k) Plan holds $56M in total assets with 730 participants. It is sponsored by Inspire Medical Systems, Inc..
What type of plan is Inspire Medical Systems, Inc. 401(k) Plan?
Inspire Medical Systems, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 2008-01-01. The plan is filed with the U.S. Department of Labor under EIN 261377674.
Who sponsors the Inspire Medical Systems, Inc. 401(k) Plan?
Inspire Medical Systems, Inc. 401(k) Plan is sponsored by Inspire Medical Systems, Inc., located in Minnesota. The sponsor's EIN is 261377674 and the plan operates in the Manufacturing industry.
How did Inspire Medical Systems, Inc. 401(k) Plan perform in 2023?
Inspire Medical Systems, Inc. 401(k) Plan grew by 91.5% during 2023, moving from $29M to $56M in total assets. Net income was $27M.
Where can I find official filings for Inspire Medical Systems, Inc. 401(k) Plan?
Official Form 5500 filings for Inspire Medical Systems, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 261377674 or plan name at efast.dol.gov.
How does Inspire Medical Systems, Inc. 401(k) Plan compare to other plans?
You can compare Inspire Medical Systems, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 261377674.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

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