Plan Snapshot
- Plan Sponsor: Otter Tail Corporation
- Sponsor EIN: 270383995
- Sponsor Address: PO BOX 496, 215 S CASCADE STREET, FERGUS FALLS, MN, 565372801
- Plan Type: DB
- Total Participants: 280
- Total Assets: $328.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 280 | $328.8M | $0 | $0 |
| 2023 | 311 | $332.0M | $0 | $0 |
| 2022 | 343 | $315.2M | $0 | $0 |
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 LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY 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 | $770,205 | $343,124 | — | — | — |
| 2023 | $2,043,702 | $814,639 | — | — | — |
| 2022 | $944,701 | $560,203 | — | — | $269,922 |