Employers › Otis Worldwide
Recordkeeping fees per participant · Otis Retirement Savings Plan · plan year 2024
$53.92
Higher than 56% of the 1,697 plans $250M to 1B that report it.
= $257,504 / 4,776
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009092305NAL0011145920001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009092305NAL0011145920001, received 2025-10-09
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-09.
Administrative expenses excluding investment management, per participant
$94.55
Higher than 73% of the 2,324 plans $250M to 1B that report it.
= $451,567 / 4,776
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009092305NAL0011145920001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009092305NAL0011145920001, received 2025-10-09
Administrative expenses per participant
$140.00
Higher than 78% of the 2,405 plans $250M to 1B that report it.
= $668,618 / 4,776
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009092305NAL0011145920001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009092305NAL0011145920001, received 2025-10-09
Administrative expenses as a share of assets
0.141%
Higher than 81% of the 2,407 plans $250M to 1B that report it.
= $668,618 / $475,532,998
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009092305NAL0011145920001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009092305NAL0011145920001, received 2025-10-09
Employer contributions per participant
$8,289
Higher than 90% of the 2,457 plans $250M to 1B that report it.
= $39,588,049 / 4,776
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009092305NAL0011145920001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009092305NAL0011145920001, received 2025-10-09
Employer share of total contributions
40.9%
Higher than 77% of the 2,459 plans $250M to 1B that report it.
= $39,588,049 / $96,755,951
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009092305NAL0011145920001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009092305NAL0011145920001, received 2025-10-09
Plan terms are described in Otis Worldwide Corporation's SEC filings: Form 10-K filed 2026-02-05. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009092305NAL0011145920001, received 2025-10-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | OTIS WORLDWIDE CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Plan name | OTIS RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Sponsor EIN / plan number | 83-3789412 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Sponsor location | FARMINGTON, CT | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Industry (business code) | 336410, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Participants, beginning of year | 5,199 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Active participants | 4,149 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Participants, end of year | 5,072 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Participants with an account balance | 4,776 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Total assets, beginning of year | $364,164,443 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Total assets, end of year | $475,532,998 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Net assets, end of year | $475,370,472 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Total income | $151,026,379 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Net income | $111,511,177 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Employer contributions | $39,588,049 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Participant contributions | $51,308,806 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Other contributions (incl. rollovers) | $5,859,096 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Total contributions | $96,755,951 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Benefit payments | $38,846,584 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $39,515,202 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Total administrative expenses | $668,618 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Contract administrator fees | $15,500 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Recordkeeping fees | $257,504 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| IQPA audit fees | $36,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Investment advisory and management fees | $217,051 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Administrative expenses excluding investment management | $451,567 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Held in common/collective trusts | $433,349,758 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009092305NAL0011145920001, received 2025-10-09 |
| Independent auditor | GRANT THORNTON, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009092305NAL0011145920001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009092305NAL0011145920001, received 2025-10-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan | $257,504 | yes |
| STATE STREET BANK AND TRUST CO | NONE | 25 Trustee (directed); 28 Investment management; 49 Other services; 50 Direct payment from the plan; 62 Float revenue; 99 Other fees | $138,995 | yes |
| STATE STREET GLOBAL ADVISORS | NONE | 18 Custodial (other than securities); 19 Custodial (securities); 51 Investment management fees paid directly by plan | $131,472 | yes |
| ALLIANCEBERNSTEIN L.P. | NONE | 23 Insurance services; 28 Investment management; 49 Other services; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 52 Investment management fees paid indirectly by plan; 72 Other investment fees and expenses; 73 Other insurance fees and expenses | $85,579 | yes |
| GRANT THORNTON LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $36,000 | no |
| AON | NONE | 16 Consulting (general); 50 Direct payment from the plan | $15,500 | no |
| PERSHING LLC | NONE | 59 Shareholder servicing fees; 61 Finders fees / placement fees; 71 Securities brokerage commissions and fees; 99 Other fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251009092305NAL0011145920001, received 2025-10-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $364,164,443 | $475,532,998 | 30.6% |
| Participants with a balance | 4,657 | 4,776 | 2.6% |
| Administrative expenses | $633,567 | $668,618 | 5.5% |
| Recordkeeping fees per participant | $52.72 | $53.92 | 2.3% |
| Employer contributions | $38,618,045 | $39,588,049 | 2.5% |
Prior filing 20241014100116NAL0014734595001, received 2024-10-14; the plan years are contiguous.
Sponsor name as filed: OTIS WORLDWIDE CORPORATION; SEC registrant: Otis Worldwide Corp (CIK 1781335, matched by EIN; display name from the Form 10-K cover).