Plan Snapshot
- Plan Sponsor: Otis Products, INC. Dba Otis Technology, INC.
- Sponsor EIN: 161367664
- Sponsor Address: 6987 LAURA STREET, LYONS FALLS, NY, 13368
- Plan Type: 401(k)
- Total Participants: 98
- Total Assets: $13.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 98 | $13.2M | $6,665 | $378,203 |
| 2023 | 89 | $12.2M | $115,840 | $350,520 |
| 2022 | 80 | $10.8M | $190,699 | $377,285 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DANNIBLE & MCKEE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DANNIBLE & MCKEE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $82,641 | $76,767 | $5,734 | — | — |
| 2023 | $74,235 | $69,114 | $5,051 | — | — |
| 2022 | $71,847 | $65,353 | $5,424 | — | — |