Sleep Number Corporation 401(k) Plan: Login, Facts & Contact Information

Sleep Number Corporation 401(k) Plan Facts

Plan name
SLEEP NUMBER PROFIT SHARING AND 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SLEEP NUMBER CORPORATION
Participants
5,952 (3,765 active employees)
Former employees with a balance
1,461
Plan assets
$257,380,773 at Dec 31, 2024
Average account balance
$64,848 across 3,969 accounts
Employer contributions
$7,439,988 in plan year 2024 (32% of all contributions)
Recordkeeper
Milliman, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1994
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $23.1 million went into the plan in contributions, $7.44 million of it from the employer (32%).
  • $32.9 million was paid out to participants.
  • Investment and other income added $32.4 million.
  • Administrative expenses were $548,120, about $138 per account.

How the Sleep Number Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20195,632$171.4 million$6.33 million$17.7 million
20206,061$201.4 million$6.83 million$25.8 million
20216,499$240.7 million$8.66 million$16.9 million
20227,755$203.1 million$9.45 million$18.9 million
20237,427$235.4 million$9.05 million$25.6 million
20245,952$257.4 million$7.44 million$32.9 million

Sleep Number Corporation 401(k) Contact Information

Phone
763-551-7000
Mailing address
1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404
Plan sponsor
SLEEP NUMBER CORPORATION
Employer identification number (EIN)
41-1597886
Plan number
001

Questions about the Sleep Number Corporation 401(k)

Does Sleep Number Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $7.44 million, 32% of all contributions.

Does the Sleep Number Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Sleep Number Corporation 401(k) plan?

5,952 participants at the start of plan year 2024, 3,765 of them active employees, and 1,461 former employees who still had money in the plan.

What is the average 401(k) balance at Sleep Number Corporation?

About $64,848 per account: $257.4 million in plan assets across 3,969 accounts with a balance at the end of plan year 2024.

Who manages the Sleep Number Corporation 401(k) accounts?

Milliman (listed on the filing as MILLIMAN, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sleep Number Corporation. How do I access my 401(k)?

Your account stays with Milliman after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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