Sonova U.s. Corporate Services, Llc 401(k) Plan: Login, Facts & Contact Information

Sonova U.s. Corporate Services, Llc 401(k) Plan Facts

Plan name
SONOVA 401(K) RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SONOVA U.S. CORPORATE SERVICES, LLC
Participants
2,604 (1,754 active employees)
Former employees with a balance
780
Plan assets
$233,864,082 at Mar 31, 2024
Average account balance
$94,262 across 2,481 accounts
Employer contributions
$6,071,007 in plan year 2023 (26% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Apr 1, 2023 – Mar 31, 2024
Plan established
Jan 1, 2008
✓ 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 2023 (Apr 1, 2023 – Mar 31, 2024), filed Jan 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $23.0 million went into the plan in contributions, $6.07 million of it from the employer (26%).
  • $17.2 million was paid out to participants.
  • Investment and other income added $36.3 million.
  • Administrative expenses were $197,066, about $79 per account.

How the Sonova U.s. Corporate Services, Llc 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20182,511$137.1 million$4.67 million$12.7 million
20192,426$131.2 million$5.14 million$13.1 million
20202,571$182.4 million$4.59 million$18.6 million
20212,434$191.3 million$5.30 million$18.0 million
20222,601$185.0 million$6.02 million$13.8 million
20232,604$233.9 million$6.07 million$17.2 million

Sonova U.s. Corporate Services, Llc 401(k) Contact Information

Phone
708-221-5396
Mailing address
750 N COMMONS DRIVE SUITE 200, AURORA IL 60504
Plan sponsor
SONOVA U.S. CORPORATE SERVICES, LLC
Employer identification number (EIN)
35-2505921
Plan number
001

Questions about the Sonova U.s. Corporate Services, Llc 401(k)

Does Sonova U.s. Corporate Services, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $6.07 million, 26% of all contributions.

Does the Sonova U.s. Corporate Services, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Sonova U.s. Corporate Services, Llc 401(k) plan?

2,604 participants at the start of plan year 2023, 1,754 of them active employees, and 780 former employees who still had money in the plan.

What is the average 401(k) balance at Sonova U.s. Corporate Services, Llc?

About $94,262 per account: $233.9 million in plan assets across 2,481 accounts with a balance at the end of plan year 2023.

Who manages the Sonova U.s. Corporate Services, Llc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sonova U.s. Corporate Services, Llc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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