2023 Form 5500 filing — Otis Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014100116NAL0014734595001) for Otis Retirement Savings Plan, reported by Otis Worldwide Corporation under EIN 83-3789412 and plan number 001. It reports 4,886 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014100116NAL0014734595001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Otis Worldwide Corporation
- EIN
- 83-3789412
- Plan number
- 001
- Location
- Farmington, CT
- Participants
- 4,886
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $364,164,443
- Total liabilities (EOY)
- $305,148
- Net assets (EOY)
- $363,859,295
- Employer contributions
- $38,618,045
- Participant contributions
- $49,608,622
- Total income / additions
- $146,493,229
- Benefits paid
- $23,422,756
- Administrative expenses
- $633,567
- Total expenses
- $24,056,323
- Net increase / (decrease)
- $122,436,906
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alight Solutions LLC | NONE | $245,536 | $0 |
| State Street Bank And Trust Co | NONE | $138,145 | $0 |
| Alliancebernstein L.P. | NONE | $120,458 | $0 |
| State Street Global Advisors | NONE | $94,505 | $0 |
| Grant Thornton Llp | NONE | $34,500 | not reported in the loaded dataset |
| Pershing LLC | NONE | $0 | $5,661 |