Plan Snapshot
- Plan Sponsor: Leonardo Drs, INC.
- Sponsor EIN: 132632319
- Sponsor Address: 2345 CRYSTAL DRIVE, ARLINGTON, VA, 22202
- Plan Type: 401(k)
- Total Participants: 6,516
- Total Assets: $1.3B
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 | 6,516 | $1.3B | $31.0M | $60.6M |
| 2023 | 6,030 | $1.2B | $38.6M | $46.0M |
| 2022 | 6,280 | $987.4M | $23.8M | $52.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $308,016 | — | $308,016 |
| RUBINBROWN LLC | ACCOUNTANT/AUDITOR | $22,600 | — | $22,600 |
| JACKSON LEWIS P C | ATTORNEY/LEGAL | $7,859 | — | $7,859 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- RUBINBROWN LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $338,475
- Estimated Expense Ratio: 0.026% 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 | $1,580,630 | $1,204,764 | $2,700 | $22,600 | — |
| 2023 | $1,335,201 | $1,012,234 | $3,900 | $20,500 | — |
| 2022 | $1,411,295 | $1,030,515 | — | — | — |