Plan Snapshot
- Plan Sponsor: The Charles Stark Draper Laboratory, INC.
- Sponsor EIN: 042505372
- Sponsor Address: 555 TECHNOLOGY SQUARE, CAMBRIDGE, MA, 02139
- Plan Type: 403(b)
- Total Participants: 2,451
- Total Assets: $1.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 2,451 | $1.3B | $32.5M | $16.4M |
| 2023 | 2,290 | $1.2B | $27.1M | $14.8M |
| 2022 | 2,046 | $1.0B | $24.4M | $12.4M |
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 | $501,874 | $96,374 | $8,677 | — | — |
| 2023 | $455,058 | $120,125 | $3,523 | — | — |
| 2022 | $156,102 | $98,550 | — | — | $14,435 |