Plan Snapshot
- Plan Sponsor: The Charles Stark Draper Laboratory, INC.
- Sponsor EIN: 042505372
- Sponsor Address: 555 TECHNOLOGY SQUARE, CAMBRIDGE, MA, 021393539
- Plan Type: 403(b)
- Plan Number: 003
- Total Participants: 3,751
- Total Assets: $525.1M
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. |
|---|---|---|---|---|
| 2025 | 3,751 | $525.1M | $0 | $0 |
| 2024 | 1,519 | $460.7M | $0 | $17.0M |
| 2023 | 1,441 | $414.9M | $0 | $15.7M |
| 2022 | 1,318 | $357.3M | $0 | $13.3M |
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 |
|---|---|---|---|---|
| TIAA | Other Service Provider | $83,197 | — | $83,197 |
| MERCER INVESTMENTS LLC | Other Service Provider | $13,802 | — | $13,802 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,999
- Estimated Expense Ratio: 0.018% 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 |
|---|---|---|---|---|---|
| 2025 | $30,698,413 | $13,802 | — | — | — |
| 2024 | $117,885 | $33,442 | — | — | — |
| 2023 | $94,533 | $34,875 | — | — | — |
| 2022 | $40,381 | $32,850 | — | — | $6,606 |