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.
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). In 2023, you may contribute up to a maximum of:
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.
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).
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In exchange for paying taxes now, both your contributions AND any earnings can be withdrawn tax-free in retirement, provided you meet two requirements for earnings:
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.
Visit Fidelity NetBenefits to add, confirm, or update your 401(k) account beneficiary information.