401(k) · DOL Form 5500 · 2022

Otis Worldwide Corporation 401(k) Plan

Data updated 2026-08-25

$242M
Total assets Near avg plan size
4,318
Participants Above avg headcount
96th
Percentile by assets National rank
$55,976
Avg per participant Low balance/head
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Official DOL plan name: Otis Retirement Savings Plan · Sponsored by Otis Worldwide Corporation · Connecticut · Manufacturing

$242M in assets, 4,318 participants

Otis Worldwide Corporation's Otis Retirement Savings Plan reported $242M in total assets and 4,318 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #19,354 in Manufacturing (20,602 peers)

Coverage in Connecticut

Otis Retirement Savings Plan covers 4,318 participants in Connecticut, 6.0x the typical Connecticut plan (state average ~718 per filing). Assets: $242M.

#19,354
in Manufacturing (20,602 peers)
+27.9%
assets growth YoY
2.4×
vs typical plan assets (national mean)

Otis Retirement Savings Plan's outsized position by total assets

Otis Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$241,702,301 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Otis Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Otis Retirement Savings Plan lands in the large band (4,318 participants).

Published 5500 schedule card

Filing strip 833789412 · Otis Worldwide Corporation PY 2022 · 401(k)

Otis Retirement Savings Plan · $242M · 4,318 · 96th

  • 5500 $242M
  • 5500 4,318
  • 5500 96th
  • 5500 401(k)
  • 5500 near Globe Life Inc. Savings and Investment Plan
  • 5500 ind #19354

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Connecticut →

Otis Retirement Savings Plan in the asset neighbourhood

Werner Enterprises, Inc. and Subsidiaries' Employees 401(k) Retirement Savings PlanWerner Enterprises, Inc. and…$242MCornerstone Research 401(k) and Profit Sharing PlanCornerstone Research 401(k) …$242MOtis Retirement Savings Plan$242MGlobe Life Inc. Savings and Investment PlanGlobe Life Inc. Savings and …$242MUS Oncology, Inc. 401(k) Plan$241M
End-of-year total assets ($M) among Otis Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Connecticut filing particulars

Total Assets (Beginning of Year)$189M
Net Assets (End of Year)$241M
Net Income$53M
Employer EIN833789412
Plan Effective Date2020-04-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Otis Worldwide Corporation)

Sponsor-wide plan assets over time

All Otis Worldwide Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$479M 96.2501744338164% vs 2022
2024 filing year
$200M$300M$400M$500M$600M 202220232024 $244M $479M ▲ +96.3%
Year Plans Participants Total Assets
2022 2 4,346 $244M
2023 2 4,220 $367M
2024 2 4,340 $479M

Nearby 401(k) Plans in Connecticut

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Otis Retirement Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 -200204060 Total assets ($B) Participants Otis Retirement Savings Plan, Total assets ($B): 0.241702301 · Participants: 4318Otis Retirement Savings PlanUnited Technologies Corporation Employee Savings Plan, Total assets ($B): 48.916975 · Participants: 55762United Technologies Corporation Employee Savings PlanGE Retirement Savings Plan, Total assets ($B): 24.786830027 · Participants: 57522GE Retirement Savings PlanCiti Retirement Savings Plan, Total assets ($B): 17.438946034 · Participants: 70070Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 5.615003 · Participants: 17724The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.641347 · Participants: 11876Xerox Corporation Savings Plan
Otis Retirement Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Otis Retirement Savings Plan side-by-side with 3 peers →

Otis Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Globe Life Inc. Savings and Investment Plan in TX ($242M); by covered participants it is Lettuce Entertain You Employee Savings Plan in IL (4,318 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,318 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Otis Retirement Savings Plan assets move in 2022? ▼
Otis Retirement Savings Plan grew sharply - up 27.9% during 2022, from $189M to $242M. Reported net income was $53M.
How have Otis Worldwide Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Otis Worldwide Corporation's sponsor-wide assets grew 96.3%, from $244M to $479M.
Where does Otis Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Otis Retirement Savings Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Otis Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Globe Life Inc. Savings and Investment Plan in TX ($242M, 2,359 participants).
Which 401(k) plans cover a similar participant headcount to Otis Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lettuce Entertain You Employee Savings Plan in IL (4,318 participants, $43M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 833789412.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.