Plan Snapshot
- Plan Sponsor: Leonardo Drs, INC.
- Sponsor EIN: 132632319
- Sponsor Address: 2345 CRYSTAL DRIVE, ARLINGTON, VA, 22202
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 5,710
- Total Assets: $3.9M
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 | 5,710 | $3.9M | $90.0M | $25.8M |
| 2023 | 5,603 | $3.6M | $78.7M | $23.9M |
| 2022 | 5,357 | $3.3M | $79.2M | $23.8M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE SERVICES, INC. | Other Service Provider | $2,410,348 | — | $2,410,348 |
| OPTUM HSA | Other Service Provider | $2,407,868 | — | $2,407,868 |
| LIVONGO | Other Service Provider | $788,734 | — | $788,734 |
| CVS CAREMARK | Other Service Provider | $221,970 | — | $221,970 |
| DELTA DENTAL | Other Service Provider | $217,434 | — | $217,434 |
| MDLIVE | Other Service Provider | $53,358 | — | $53,358 |
| UNITED BEHAVIORAL HEALTH DBA OPTUM | Other Service Provider | $43,357 | — | $43,357 |
| BANK OF AMERICA | Other Service Provider | $7,566 | — | $7,566 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,150,635
- Estimated Expense Ratio: 158.759% 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 | $6,150,635 | — | $6,143,069 | — | — |
| 2023 | $6,025,753 | — | $5,967,177 | $23,300 | — |
| 2022 | $6,048,497 | — | $5,919,275 | — | $33,815 |