Otis Retirement Savings Plan — Form 5500 plan (Otis Worldwide Corporation)
Plain-English plan 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, Otis Retirement Savings Plan is a benefit plan reported by Otis Worldwide Corporation under EIN 83-3789412 and plan number 001. The latest loaded filing year is 2023. The filing reports 4,886 participants and $364,164,443 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Otis Worldwide Corporation
- EIN
- 83-3789412
- Plan number
- 001
- Plan type
- 2
- Location
- Farmington, CT
- Latest filing year
- 2023
- Participants
- 4,886
- End-of-year plan assets
- $364,164,443
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 4,886 | H, C | 20241014100116NAL0014734595001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $364,164,443
- Total liabilities (EOY)
- $305,148
- Net assets (EOY)
- $363,859,295
- Net assets (BOY)
- $241,422,389
Income & contributions
- Employer contributions
- $38,618,045
- Participant contributions
- $49,608,622
- Total contributions
- $97,281,589
- Total income / additions
- $146,493,229
Expenses & distributions
- Benefits paid
- $23,422,756
- Administrative expenses
- $633,567
- Total expenses
- $24,056,323
- Net increase / (decrease)
- $122,436,906
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alight Solutions LLC | NONE | $245,536 | $0 | 2023 |
| State Street Bank And Trust Co | NONE | $138,145 | $0 | 2023 |
| Alliancebernstein L.P. | NONE | $120,458 | $0 | 2023 |
| State Street Global Advisors | NONE | $94,505 | $0 | 2023 |
| Grant Thornton Llp | NONE | $34,500 | not reported in the loaded dataset | 2023 |
| Pershing LLC | NONE | $0 | $5,661 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Otis Worldwide Corporation
- 2023 Form 5500 filing
- Form 5500 filings in CT
- 401(k) and benefit plan filings in Farmington, CT
- Alight Solutions LLC — Schedule C compensation
- State Street Bank And Trust Co — Schedule C compensation
- Alliancebernstein L.P. — Schedule C compensation
- State Street Global Advisors — Schedule C compensation
- Grant Thornton Llp — Schedule C compensation
- Pershing LLC — Schedule C compensation