Sharkninja Management 401(k) match, vesting and fees
What Sharkninja Management's 401(k) plan says about matching contributions
Employees will receive a safe harbor employer matching contribution equal to 100% of contributions on the first 3% of compensation and 50% of the next 2% of compensation, for a maximum match of 4% of compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 29 ↗ |
| Match vesting | Participants are fully vested in that portion of their account which represents their contributions, safe harbor matching contributions and the income earned thereon. Participants become 100% vested in the Company’s contributions, other than safe harbor matching contributions, and earnings thereon upon death, total and permanent disability, attainment of normal retirement age. | 2024 audit report, p. 29 ↗ |
| Automatic enrollment | Participants are automatically enrolled in the Plan if no election is made. Participants who are automatically enrolled are deemed to have made a pre-tax election to contribute 5% of eligible compensation. | 2024 audit report, p. 29 ↗ |
| Roth contributions | Participants may contribute up to 100% of their plan compensation on a pre-tax or after-tax “Roth” basis, subject to Internal Revenue Code (“IRC”) limitations. | 2024 audit report, p. 29 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the participant's account. Loans must bear an interest rate equal to the prime rate plus 1%. All loans must be repaid within five years unless the proceeds are used to acquire a principal residence, in which case a longer repayment period is allowed. No more than two loans may be outstanding at any time. | 2024 audit report, p. 30 ↗ |
| Recordkeeper | Empower Annuity Insurance Company | 2025 Schedule C ↗ |
| Independent auditor | Caron & Bletzer, PLLC (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
| Late participant contributions | Reported on the filing | 2025 Schedule H ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 434 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Sharkninja Management: employer contribution per participant | $4,085 | |
| Peer median | $2,591 |
| Sharkninja Management: average balance | $79,350 | |
| Peer median | $102,504 |
| Sharkninja Management: admin expenses ÷ assets | 0.24% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $78.1M at the end of plan year 2021 to $170M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 2,153 | $170M | $8.8M | $4,085 | 0.24% | Not published | Form 5500 ↗ |
| 2024 | 1,917 | $129M | $7.1M | $3,720 | 0.27% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 1,616 | $97.2M | $5.5M | $3,449 | 0.32% | Not published | Form 5500 ↗ |
| 2022 | 1,417 | $73.8M | $4.9M | $3,503 | 0.31% | Not published | Form 5500 ↗ |
| 2021 | 1,281 | $78.1M | $4.2M | $3,338 | 0.31% | Not published | Form 5500 ↗ |
Common questions
Does Sharkninja Management match 401(k) contributions?
The audit report attached to the Sharkninja Management Company Employees Savings Plan's plan year 2024 Form 5500, page 29 says: “Employees will receive a safe harbor employer matching contribution equal to 100% of contributions on the first 3% of compensation and 50% of the next 2% of compensation, for a maximum match of 4% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Sharkninja Management 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are fully vested in that portion of their account which represents their contributions, safe harbor matching contributions and the income earned thereon. Participants become 100% vested in the Company’s contributions, other than safe harbor matching contributions, and earnings thereon upon death, total and permanent disability, attainment of normal retirement age.”
Who manages the Sharkninja Management 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Insurance Company. The plan administrator is Sharkninja Management Company.
I left Sharkninja Management. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sharkninja Management Company, (617) 243-0235) or the recordkeeper, Empower Annuity Insurance Company. The Sharkninja Management old 401(k) page lists the contacts from every plan filing. Find an old Sharkninja Management 401(k)
Data from the public Form 5500 annual reports Sharkninja Management filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Sharkninja Management. Not financial advice. Report a correction · Methodology