Plan Snapshot
- Plan Sponsor: Desktop Metal, INC.
- Sponsor EIN: 474947659
- Sponsor Address: 63 THIRD AVE., BURLINGTON, MA, 01803
- Plan Type: DC
- Total Participants: 250
- Total Assets: $31.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 250 | $31.7M | $0 | $2.4M |
| 2023 | 348 | $30.4M | $0 | $2.9M |
| 2022 | 284 | $14.0M | $49,867 | $3.6M |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $88,270 | $35,749 | — | — | — |
| 2023 | $35,577 | $19,711 | — | — | — |
| 2022 | $16,253 | $3,770 | — | — | — |