Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Otter Tail
Otter Tail 401(k)
- OTTR Nasdaq
- Utilities
- Fargo, ND
- EIN 27-0383995
- 1 plan with Schedule H financials
- Plan year 2024
- Otter Tail Corporation
- SEC registrant Otter Tail Corp
Administrative expenses excluding investment management, per participant · Otter Tail Corporation Retirement Savings · plan year 2024
$94.08
Higher than 72% of the 2,324 plans $250M to 1B that report it.
Source
= $318,166 / 3,382
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014071306NAL0004910562001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014071306NAL0004910562001, received 2025-10-14
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 2025-10-14.
Cost and contributions
Administrative expenses per participant
$99.92
Higher than 59% of the 2,405 plans $250M to 1B that report it.
Source
= $337,914 / 3,382
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014071306NAL0004910562001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014071306NAL0004910562001, received 2025-10-14
Administrative expenses as a share of assets
0.082%
Higher than 56% of the 2,407 plans $250M to 1B that report it.
Source
= $337,914 / $411,073,574
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014071306NAL0004910562001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014071306NAL0004910562001, received 2025-10-14
Employer contributions per participant
$2,580
Higher than 40% of the 2,457 plans $250M to 1B that report it.
Source
= $8,724,791 / 3,382
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014071306NAL0004910562001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014071306NAL0004910562001, received 2025-10-14
Employer share of total contributions
31.1%
Higher than 50% of the 2,459 plans $250M to 1B that report it.
Source
= $8,724,791 / $28,088,888
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014071306NAL0004910562001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014071306NAL0004910562001, received 2025-10-14
Plan terms, as stated in Otter Tail Corporation's SEC filings
Plan terms are described in Otter Tail Corporation's SEC filings: Form 10-K filed 2026-02-18. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014071306NAL0004910562001, received 2025-10-14
Full record, Otter Tail Corporation Retirement Savings
| Field | Value | Source |
|---|---|---|
| Plan sponsor | OTTER TAIL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Plan name | OTTER TAIL CORPORATION RETIREMENT SAVINGS | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Sponsor EIN / plan number | 27-0383995 / 011 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Sponsor location | FARGO, ND | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Participants, beginning of year | 3,874 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Active participants | 2,338 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Participants, end of year | 3,496 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Participants with an account balance | 3,382 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Total assets, beginning of year | $371,532,743 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Total assets, end of year | $411,073,574 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Net assets, end of year | $411,073,574 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Total income | $82,814,926 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Net income | $39,540,831 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Employer contributions | $8,724,791 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Participant contributions | $17,504,622 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $1,859,475 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Total contributions | $28,088,888 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Benefit payments | $42,933,878 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $43,274,095 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Total administrative expenses | $337,914 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Contract administrator fees | $300,244 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| IQPA audit fees | $17,922 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Investment advisory and management fees | $19,748 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Administrative expenses excluding investment management | $318,166 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Held in common/collective trusts | $265,095,601 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Held in mutual funds | $139,150,084 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014071306NAL0004910562001, received 2025-10-14 |
| Independent auditor | EIDE BAILLY | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014071306NAL0004910562001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014071306NAL0004910562001, received 2025-10-14.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $300,244 | yes |
| EIDE BAILLY LLP | ACCOUNTANT | 10 Accounting (including auditing); 50 Direct payment from the plan | $17,922 | no |
| MERCER | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $14,925 | no |
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 20251014071306NAL0004910562001, received 2025-10-14.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $371,532,743 | $411,073,574 | 10.6% |
| Participants with a balance | 3,642 | 3,382 | -7.1% |
| Administrative expenses | $368,695 | $337,914 | -8.3% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $7,843,223 | $8,724,791 | 11.2% |
Prior filing 20241014153948NAL0013552899001, received 2024-10-14; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: OTTER TAIL CORPORATION; SEC registrant: Otter Tail Corp (CIK 1466593, matched by EIN; display name from the Form 10-K cover).