2023 Form 5500 filing — Otis Products, Inc. 401(K) Safe Harbor Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241016144209NAL0015888115001) for Otis Products, Inc. 401(K) Safe Harbor Plan, reported by Otis Products, Inc. Dba Otis Technology, Inc. under EIN 16-1367664 and plan number 001. It reports 112 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241016144209NAL0015888115001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Otis Products, Inc. Dba Otis Technology, Inc.
- EIN
- 16-1367664
- Plan number
- 001
- Location
- Lyons Falls, NY
- Participants
- 112
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,162,341
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,162,341
- Employer contributions
- $115,840
- Participant contributions
- $350,520
- Total income / additions
- $1,732,799
- Benefits paid
- $593,628
- Administrative expenses
- $74,235
- Total expenses
- $667,863
- Net increase / (decrease)
- $1,064,936
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Benefit Plans Administrators | THIRD PARTY ADMIN | $39,836 | $0 |
| Rbc Wealth Management | INVESTMENT ADVISOR | $34,399 | not reported in the loaded dataset |