Plan Snapshot
- Plan Sponsor: Draper, INC.
- Sponsor EIN: 351508822
- Sponsor Address: P O BOX 425, SPICELAND, IN, 473850425
- Plan Type: 401(k)
- Total Participants: 702
- Total Assets: $77.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 702 | $77.5M | $1.8M | $4.3M |
| 2023 | 719 | $69.3M | $1.8M | $4.2M |
| 2022 | 696 | $59.9M | $1.7M | $3.9M |
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 |
|---|---|---|---|---|
| BEMANAGED DBA ACTIUM LLC | CONSULTANT | $32,789 | — | $32,789 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $29,215 | — | $29,215 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,020 | — | $5,020 |
| KATZ, SAPPER & MILLER, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- KATZ, SAPPER & MILLER, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,024
- Estimated Expense Ratio: 0.086% 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 | $67,024 | $5,020 | — | — | — |
| 2023 | $80,739 | $2,704 | — | — | — |
| 2022 | $83,626 | $2,241 | — | — | — |