Overview

Sonos is committed to supporting your financial well-being — today and tomorrow. The Sonos 401(k) Plan, administered by Fidelity, is a great way to save for the retirement you want.

Make your future financial security a priority and take advantage of the plan’s great features, such as:

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Convenient payroll deductions

A Company match

Current tax savings when you make pre-tax contributions

Tax-free withdrawals in retirement when you make Roth (post-tax) deductions

Tax-deferred investment growth potential

A wide range of investment options

Am I Eligible?

Regular and short-term employees are immediately eligible upon date of hire. Eligible employees may enroll or change contribution rates and investment elections at any time. Visit Fidelity NetBenefits, or call 800.835.5095 to speak with a representative.

Your Contributions

You may contribute a percentage of your annual earnings to the plan, up to the maximum contribution amount allowed by the Internal Revenue Service (IRS). You may contribute up to a maximum of:

  • $23,000 if you are under age 50 (pre-tax, Roth post-tax, or a combination of both).
  • $30,500 if you are age 50 or older (which includes an additional $7,500 in catch-up contributions).

Before-Tax vs. Roth After-Tax

The Sonos 401(k) Plan gives you the flexibility to save for retirement in a variety of ways. You can make pre-tax contributions, Roth post-tax contributions, or a combination of the two.

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Pre-Tax Contributions

The money goes into your Plan account before taxes are deducted, so you keep more of your take-home pay.

Because you don’t pay taxes at the time you contribute, you’ll owe taxes on both your contributions and any investment earnings when you withdraw your money in retirement (when you may be in a lower income tax bracket).

Roth Post-Tax Contributions

The money goes into your Plan account after taxes are withheld.

In exchange for paying taxes now, both your contributions AND any earnings can be withdrawn tax-free in retirement, provided you meet two requirements for earnings:

  • At least five years have elapsed since your first Roth contribution.
  • You are at least 59½ or the withdrawal follows death or total disability.

Sonos Contributions
Sonos matches 50% of your contributions up to the first 6% of your eligible pay that you contribute to the 401(k).

Learn More and Enroll

You may enroll or change your contribution anytime. Learn more about the plan and enroll at Fidelity NetBenefits. To speak with a representative, call 800.835.5095.

For investment guidance, contact CapTrust Retirement Group at 800.967.9948, between 8:30 a.m. and 5:00 p.m. Pacific time, any business day.

More information is also available at Backstage.

Important!

Visit Fidelity NetBenefits to add, confirm, or update your 401(k) account beneficiary information.