# Otis Worldwide Corporation 401(k) Plan
Source: https://planprovider.pro/companies/otis-worldwide-corporation-401k-plan

> Otis Worldwide Corporation's 401(k) plan: 4,149 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/alight-solutions) — NONE

- [GRANT THORNTON LLP](https://planprovider.pro/provider/grant-thornton-llp) — NONE

- [AON](https://planprovider.pro/provider/alight-solutions) — NONE

- [PERSHING LLC](https://planprovider.pro/provider/northwestern-mutual) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/otis-worldwide-corporation-401k-plan)

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