Defined Benefit (Pension) · DOL Form 5500 · 2022
Otter Tail Corporation Pension Plan
Data updated 2026-08-11
- $315M
- Total assets
- 365
- Participants
- 97th
- Percentile by assets
- $863,625
- Avg per participant
Official DOL plan name: Otter Tail Corporation Pension Plan · Sponsored by Otter Tail Corporation · Minnesota · Utilities
$315M in assets, 365 participants
Otter Tail Corporation's Otter Tail Corporation Pension Plan reported $315M in total assets and 365 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,126 plans)
- #578 in Utilities (738 peers)
Coverage in Minnesota
Otter Tail Corporation Pension Plan covers 365 participants in Minnesota, about 32% of the average Minnesota filer (state average ~1,126 per filing). Assets: $315M.
- $315M
- total plan assets (2022 EOY)
- 365
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $863,625
- avg assets per participant
The plan reported a net loss of $93M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Otter Tail Corporation Pension Plan sits by total assets
Otter Tail Corporation Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$315,223,261 Top 3% higher than 97% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Otter Tail Corporation Pension Plan reports 365 participants - about 32% of that state average ($315M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $409M |
|---|---|
| Net Assets (End of Year) | $315M |
| Net Income | -$93M |
| Employer EIN | 270383995 |
| Plan Effective Date | 1976-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Otter Tail Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 3,664 | $683M |
| 2023 | 3 | 3,571 | $760M |
| 2024 | 3 | 3,847 | $783M |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Otter Tail Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Otter Tail Corporation Pension Plan by total assets, not by location.
- Jeld-Wen, Inc. Restated Pension Plan (NC) $315M · 981
- Kemper Corporation Pension Plan (IL) $316M · 839
- Plumbers Pipe Fitters & Mechanical Equipment Service Local Union No. 392 Pension Plan (OH) $315M · 1,486
- Hawaii Electricians Pension Plan (HI) $315M · 1,684
Frequently Asked Questions
How did Otter Tail Corporation Pension Plan assets move in 2022? ▼
How have Otter Tail Corporation plan assets changed over time? ▼
Where does Otter Tail Corporation Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Otter Tail Corporation Pension Plan
Filing takeaways
Ways to act on Otter Tail Corporation Pension Plan's numbers.
- By total assets, Otter Tail Corporation Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- Otter Tail Corporation's sponsor-wide assets have grown 14.7% since 2022 across 3 plan years on file. More Utilities plans