Sonova U.S. Corporate Services, LLC 401(k) Review & Grade
Sonova Premier 401(k) Retirement Savings Plan
Aurora, ILRetail Trade1,118 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,599Employer $ per active participant
$4,806Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$60.5MNet plan assets, end of year
$44,652Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 60th |
| Employee saving | 79th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sonova U.S. Corporate Services put in about $1,599 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,788,508 |
| Participant (employee) contributions | $5,375,312 |
| Other contributions (incl. rollovers in) | $926,083 |
| Administrative expenses paid from the plan | $95,821 |
| Other admin expenses | $22,500 |
| Benefits paid out | $6,307,590 |
| Net assets, start / end of year | $55.3M / $60.5M |
| Active participants, start / end of year | 1,208 / 1,029 |
| Participants with account balances | 1,355 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,321 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260923163316NAL0007052803001, received 2026-09-23, EIN 26-0811994, plan #001, plan year 2024-04-01 to 2024-12-31. Verify at efast.dol.gov.