Plan5500

The Charles Stark Draper Laboratory, Inc. Retired Employees Medical Benefits Plan — Form 5500 plan (Charles Stark Draper Laboratory)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Charles Stark Draper Laboratory, Inc. Retired Employees Medical Benefits Plan is a benefit plan reported by Charles Stark Draper Laboratory under EIN 04-2505372 and plan number 510. The latest loaded filing year is 2023. The filing reports 741 participants and $25,458,244 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$25.5MPlan net assets, end of year$25,458,244
Participants741Covered participants reported
Assets / participant$34.4KComputed: assets ÷ participants$34,357 (computed)
Provider compensation$3.5M3 Schedule C provider row(s)$3,544,037
Plan sponsor
Charles Stark Draper Laboratory
EIN
04-2505372
Plan number
510
Plan type
2
Location
Cambridge, MA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023741H, C20241015142915NAL0014843267001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$25.5M total assets
Net assets$25.5MLiabilities$0
Money in vs. money out
Total income / additions$4.1M
Total expenses$1.5M
Benefits paid / distributions$1.3M
Contributions
Employer$728.9K
Participant$244.3K
Full reported line items

Net assets

Total assets (EOY)
$25,458,244
Total liabilities (EOY)
$0
Net assets (EOY)
$25,458,244
Net assets (BOY)
$22,812,975

Income & contributions

Employer contributions
$728,935
Participant contributions
$244,285
Total contributions
$973,220
Total income / additions
$4,102,781

Expenses & distributions

Benefits paid
$1,253,910
Administrative expenses
$203,602
Total expenses
$1,457,512
Net increase / (decrease)
$2,645,269
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 75%Participant 25%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income31%Computed ratio
Provider comp. ÷ net assets14%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Blue Cross Blue Shield Of MassachusINSURER$2,890,383$315,6902023
TiaaRECORDKEEPER$203,602not reported in the loaded dataset2023
Mercer Investments LLCFIDUCIARY$92,837$41,5252023

Related Form 5500 pages