Plan Ledger DOL Form 5500 · updated monthly

Sonder USA Inc.401(k)

SONDER 401(K) SAVINGS PLAN · THORNTON, CO · plan year 2024

Reported admin expense ratio · 2024
0.32%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Sonder USA Inc. reported $57,414 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.27% to 0.81%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 568th-largest of 1,461 plans among Colorado employers on file, and the 734th of 2,096 in real estate & leasing. active participation has shrunk from 980 to 713 since 2022.

Plan summary
Net assets, end of year$18,061,689
Participants with balances911
Active participants713
Employer contributions$0
Employee contributions$3,919,190
Employer contribution per active participant$0
Average account balance$19,826
Benefits paid to participants$6,085,745
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$15.9M · 718 accts · $3K emplr
2024$18.1M · 911 accts
2023$17.4M · 1,011 accts
2022$13.0M · 994 accts · $1K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,414
Total administrative$57,414
The Sonder USA Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2025$738 per active participant
2022$1 per active participant

Sonder USA Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$57,425

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$137,257 · 0.81%
2024$57,414 · 0.32%
2023$40,110 · 0.26%
2022$32,445 · 0.27%
Same employer
Similar plansReal Estate & Leasing · Colorado
Redaptive, Inc. CO$19.6M · 0.22%
Nge Co. CO$18.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300871947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.