Plan Snapshot
- Plan Sponsor: Otis Worldwide Corporation
- Sponsor EIN: 833789412
- Sponsor Address: 1 CARRIER PLACE, FARMINGTON, CT, 06032
- Plan Type: 401(k)
- Total Participants: 4,149
- Total Assets: $475.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 4,149 | $475.5M | $39.6M | $51.3M |
| 2023 | 4,304 | $364.2M | $38.6M | $49.6M |
| 2022 | 4,160 | $241.7M | $40.6M | $47.9M |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | NONE | $257,504 | — | $257,504 |
| STATE STREET BANK AND TRUST CO | NONE | $138,995 | — | $138,995 |
| STATE STREET GLOBAL ADVISORS | NONE | $131,472 | — | $131,472 |
| ALLIANCEBERNSTEIN L.P. | NONE | $85,579 | — | $85,579 |
| GRANT THORNTON LLP | NONE | $36,000 | — | $36,000 |
| AON | NONE | $15,500 | — | $15,500 |
| PERSHING LLC | NONE | — | $11,391 | $11,391 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — NONE
- GRANT THORNTON LLP — NONE
- AON — NONE
- PERSHING LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $676,441
- Estimated Expense Ratio: 0.142% of plan assets
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 | $668,618 | $217,051 | $15,500 | $36,000 | — |
| 2023 | $633,567 | $120,458 | — | $34,500 | — |
| 2022 | $639,264 | $217,596 | — | — | $421,538 |