Drs Consolidated Retirement Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Leonardo Drs, Inc. · Virginia · Manufacturing
What the 2023 filing shows
Drs Consolidated Retirement Plan holds $48M for 135 participants — about $358,659 per participant, down 8.1% over the 2024 plan year.
- $48M
- total plan assets (2024 EOY)
- 135
- covered participants
- $358,659
- avg assets per participant
- -8.1%
- assets change YoY
The plan reported a net loss of $4M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About Drs Consolidated Retirement Plan
Drs Consolidated Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Leonardo Drs, Inc., headquartered in Virginia. As of the 2024 Form 5500 filing, the plan reports $48M in total end-of-year assets and covers 135 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 132632319, and the plan has been effective since 2010-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $53M at the beginning of 2024 to $48M at year-end — a decline of 8.1%. Net assets (after liabilities) closed the year at $48M, with reported net income of $-4,201,224 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) | $53M |
| Total Assets (End of Year) | $48M |
| Net Assets (End of Year) | $48M |
| Net Income | $-4,201,224 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 132632319 |
| Plan Effective Date | 2010-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Leonardo Drs, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 6,507 | $1.1B |
| 2023 | 3 | 6,456 | $1.2B |
| 2024 | 3 | 6,182 | $1.4B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- Northrop Grumman Pension Plan $19.1B · 13,674
- Retirement Security Plan $10.2B · 54,171
- Ng Space&mission Systems Corp Salaried Pension Pla $8.5B · 7,117
- Dominion Energy Pension Plan $7.6B · 12,263
- United Association National Pension Fund $7.1B · 84,317
Related Data
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Frequently Asked Questions
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 132632319.
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.
Read our methodology — how this data is sourced, computed, and verified.