Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by The Charles Stark Draper Laboratory, Inc. · Massachusetts · Other Services

What the 2023 filing shows

The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan holds $357M for 1,231 participants — about $290,260 per participant, down 12.7% over the 2022 plan year.

$357M
total plan assets (2022 EOY)
1,231
covered participants
$290,260
avg assets per participant
-12.7%
assets change YoY

The plan reported a net loss of $52M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$357M
Participants
1,231
Industry
Other Services

What the Filing Says About The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan

The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan is a Profit Sharing retirement plan sponsored by The Charles Stark Draper Laboratory, Inc., headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $357M in total end-of-year assets and covers 1,231 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 042505372, and the plan has been effective since 1974-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $409M at the beginning of 2022 to $357M at year-end — a decline of 12.7%. Net assets (after liabilities) closed the year at $357M, with reported net income of $-51,866,535 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$409M
Total Assets (End of Year)$357M
Net Assets (End of Year)$357M
Net Income$-51,866,535
Plan TypeProfit Sharing
Employer EIN042505372
Plan Effective Date1974-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Charles Stark Draper Laboratory, Inc.)

Year Plans Participants Total Assets
2022 3 3,316 $1.5B
2023 3 3,582 $1.7B
2024 2 3,729 $1.8B

Nearby Profit Sharing Plans in Massachusetts

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Frequently Asked Questions

How much money is in the The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan?
As of the 2022 Form 5500 filing, The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan holds $357M in total assets with 1,231 participants. It is sponsored by The Charles Stark Draper Laboratory, Inc..
What type of plan is The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan?
The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan is a Profit Sharing plan. It has been effective since 1974-10-01. The plan is filed with the U.S. Department of Labor under EIN 042505372.
Who sponsors the The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan?
The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan is sponsored by The Charles Stark Draper Laboratory, Inc., located in Massachusetts. The sponsor's EIN is 042505372 and the plan operates in the Other Services industry.
How did The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan perform in 2022?
The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan declined by 12.7% during 2022, moving from $409M to $357M in total assets. Net income was $-51,866,535.
Where can I find official filings for The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan?
Official Form 5500 filings for The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042505372 or plan name at efast.dol.gov.
How does The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan compare to other plans?
You can compare The Charles Stark Draper Laboratory, Inc. Supplemental Retirement Annuity Plan against other Profit Sharing plans on the plan type page, or view plans in Massachusetts on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 042505372.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.