Plan Snapshot
- Plan Sponsor: Charles Stark Draper Laboratory
- Sponsor EIN: 042505372
- Sponsor Address: 555 TECHNOLOGY SQUARE, CAMBRIDGE, MA, 02139
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 0
- Total Assets: $27.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $27.4M | $671,522 | $201,787 |
| 2023 | 0 | $25.5M | $728,935 | $244,285 |
| 2022 | 0 | $22.8M | $472,825 | $210,779 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MASSACHUS | Other Service Provider | $397,492 | $336,630 | $734,122 |
| TIAA | Recordkeeper | $164,513 | — | $164,513 |
| MERCER INVESTMENTS LLC | Investment Advisor | $103,555 | $43,083 | $146,638 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — Recordkeeper
- MERCER INVESTMENTS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,045,273
- Estimated Expense Ratio: 3.822% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $164,513 | — | — | — | — |
| 2023 | $203,602 | — | — | — | — |
| 2022 | $146,291 | — | — | — | $146,291 |