Charles Stark Draper Laboratory, Inc.
Overview
Charles Stark Draper Laboratory, Inc. sponsors a self-funded health plan that covered 2,670 participants in plan year 2025, up 16% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,670 · prior year 2,303
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Welfare Benefit Plan, plan 519 (2,670 participants); The Charles Stark Draper Laboratory, Inc. Retired Employees Medical Benefits Plan, plan 510 (700 participants)
- Stop-loss carrier
- Blue Cross Blue Shield of Massachusetts, Inc.
- Broker compensation
- $350K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Hartford Life and Accident | Life, Long-term disability | 2,578 | $2.5M | $323K |
| Vision Service Plan | Vision | 1,651 | $274K | $25K |
| KGA | Employee Assistance Program | 2,415 | $72K | — |
| Zurich American Insurance Company | Business Travel Accident | 2,383 | $7K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,670 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Charles Stark Draper Laboratory, Inc.
- Sponsor EIN
- 04-2505372
- Plan numbers
- 519, 510
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-2505372 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Retirement Plan for Draper Employees
- Type
- Pension plan
- Participants
- 4,860
About this data
Source: Charles Stark Draper Laboratory, Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Charles Stark Draper Laboratory, Inc..