Employers › Leonardo DRS
Recordkeeping fees per participant · Leonardo DRS, Inc. 401(k) Plan · plan year 2024
$39.85
Higher than 64% of the 790 plans over $1B that report it.
= $305,317 / 7,662
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015094853NAL0004499665001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015094853NAL0004499665001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$49.06
Higher than 57% of the 1,045 plans over $1B that report it.
= $375,866 / 7,662
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015094853NAL0004499665001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015094853NAL0004499665001, received 2025-10-15
Administrative expenses per participant
$206.29
Higher than 93% of the 1,076 plans over $1B that report it.
= $1,580,630 / 7,662
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015094853NAL0004499665001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015094853NAL0004499665001, received 2025-10-15
Administrative expenses as a share of assets
0.121%
Higher than 92% of the 1,076 plans over $1B that report it.
= $1,580,630 / $1,310,686,134
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015094853NAL0004499665001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015094853NAL0004499665001, received 2025-10-15
Employer contributions per participant
$4,052
Higher than 55% of the 1,135 plans over $1B that report it.
= $31,043,299 / 7,662
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015094853NAL0004499665001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015094853NAL0004499665001, received 2025-10-15
Employer share of total contributions
29.9%
Higher than 39% of the 1,135 plans over $1B that report it.
= $31,043,299 / $103,753,804
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015094853NAL0004499665001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015094853NAL0004499665001, received 2025-10-15
Plan terms are described in Leonardo DRS, Inc.'s SEC filings: Form 10-K filed 2026-02-27. No term could be quoted from them with the required precision.
2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · 2F ERISA 404(c) plan · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015094853NAL0004499665001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LEONARDO DRS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Plan name | LEONARDO DRS, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Sponsor EIN / plan number | 13-2632319 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Sponsor location | ARLINGTON, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Participants, beginning of year | 8,490 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Active participants | 6,516 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Participants, end of year | 8,846 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Participants with an account balance | 7,662 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Total assets, beginning of year | $1,163,642,932 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Total assets, end of year | $1,310,686,134 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Net assets, end of year | $1,310,334,278 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Total income | $271,812,768 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Net income | $147,068,411 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Employer contributions | $31,043,299 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Participant contributions | $60,628,120 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $12,082,385 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Total contributions | $103,753,804 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Benefit payments | $123,100,146 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $124,744,357 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Total administrative expenses | $1,580,630 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Contract administrator fees | $2,700 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Recordkeeping fees | $305,317 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| IQPA audit fees | $22,600 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Investment advisory and management fees | $1,204,764 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Administrative expenses excluding investment management | $375,866 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Held in common/collective trusts | $575,467,729 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Held in mutual funds | $392,619,043 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015094853NAL0004499665001, received 2025-10-15 |
| Independent auditor | RUBINBROWN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015094853NAL0004499665001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015094853NAL0004499665001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $308,016 | yes |
| RUBINBROWN LLC | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $22,600 | no |
| JACKSON LEWIS P C | ATTORNEY/LEGAL | 29 Legal | $7,859 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015094853NAL0004499665001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,163,642,932 | $1,310,686,134 | 12.6% |
| Participants with a balance | 7,506 | 7,662 | 2.1% |
| Administrative expenses | $1,335,201 | $1,580,630 | 18.4% |
| Recordkeeping fees per participant | $35.15 | $39.85 | 13.4% |
| Employer contributions | $38,623,849 | $31,043,299 | -19.6% |
Prior filing 20241008120814NAL0029766656001, received 2024-10-08; the plan years are contiguous.
Sponsor name as filed: LEONARDO DRS, INC.; SEC registrant: Leonardo DRS, Inc. (CIK 1833756, matched by EIN; display name from the Form 10-K cover).