Plan Snapshot
- Plan Sponsor: Otter Tail Corporation
- Sponsor EIN: 270383995
- Sponsor Address: 4150 19TH AVE SOUTH SUITE 101, FARGO, ND, 58103
- Plan Type: 401(k)
- Total Participants: 2,338
- Total Assets: $411.1M
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 | 2,338 | $411.1M | $8.7M | $17.5M |
| 2023 | 2,719 | $371.5M | $7.8M | $17.1M |
| 2022 | 2,473 | $323.2M | $7.6M | $15.5M |
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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | $17,922 | — | $17,922 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,922
- Estimated Expense Ratio: 0.004% 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 | $337,914 | $19,748 | $300,244 | $17,922 | — |
| 2023 | $368,695 | $58,284 | $310,411 | — | — |
| 2022 | $355,231 | $55,456 | $299,775 | — | — |