Defined Benefit (Pension) · DOL Form 5500 · 2022

Otter Tail Corporation Pension Plan

Data updated 2026-08-25

$315M
Total assets Above avg plan size
365
Participants Below avg headcount
97th
Percentile by assets National rank
$863,625
Avg per participant High balance/head
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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.

  • #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.

#578
in Utilities (738 peers)
-22.9%
assets change YoY
3.2×
vs typical plan assets (national mean)

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.

Otter Tail Corporation Pension Plan's outsized position 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

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

Otter Tail Corporation Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Otter Tail Corporation Pension Plan sits mid-pack in the medium band (365 participants).

Form 5500 schedule snapshot

Filing strip 270383995 · Otter Tail Corporation PY 2022 · Defined Benefit (Pension)

Otter Tail Corporation Pension Plan · $315M · 365 · 97th

  • BOOK $315M
  • VS-ST 365
  • BOY 97th
  • SCH Defined Benefit (Pension)
  • EBSA near Jeld-Wen, Inc. Restated Pension Plan
  • PART ind #578

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 Utilities retirement plans → · Plans in Minnesota →

Otter Tail Corporation Pension Plan in the asset neighbourhood

Kemper Corporation Pension PlanKemper Corporation Pension P…$316MOtter Tail Corporation Pension PlanOtter Tail Corporation Pensi…$315MJeld-Wen, Inc. Restated Pension PlanJeld-Wen, Inc. Restated Pens…$315MPlumbers Pipe Fitters & Mechanical Equipment Service Local Union No. 392 Pension PlanPlumbers Pipe Fitters & Mech…$315MHawaii Electricians Pension PlanHawaii Electricians Pension …$315M
End-of-year total assets ($M) among Otter Tail Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$409M
Net Assets (End of Year)$315M
Net Income-$93M
Employer EIN270383995
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Otter Tail Corporation)

Sponsor-wide plan assets over time

All Otter Tail Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$783M 14.655664234514507% vs 2022
2024 filing year
$650M$700M$750M$800M 202220232024 $683M $783M ▲ +14.7%
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 Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Otter Tail Corporation Pension Plan, Total assets ($B): 0.315223261 · Participants: 365Otter Tail Corporation Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.047885796 · Participants: 121603M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 10.299849315 · Participants: 66434Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 3.940696075 · Participants: 25144The Travelers Pension PlanU.S. Bank Pension Plan, Total assets ($B): 3.73901396 · Participants: 55836U.S. Bank Pension PlanTarget Corporation Pension Plan, Total assets ($B): 3.348662968 · Participants: 50515Target Corporation Pension Plan
Otter Tail Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Otter Tail Corporation Pension Plan side-by-side with 3 peers →

Otter Tail Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Jeld-Wen, Inc. Restated Pension Plan in NC ($315M); by covered participants it is L3harris Pension Plan for Employees in the Electronic Systems/Integrated Electronic Warfare Systems Bargaining Unit in FL (365 participants). Same-state nearby plans are listed separately above.

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 Otter Tail Corporation Pension Plan assets move in 2022? ▼
Otter Tail Corporation Pension Plan declined sharply - down 22.9% during 2022, from $409M to $315M. Reported net income was -$93M.
How have Otter Tail Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Otter Tail Corporation's sponsor-wide assets grew 14.7%, from $683M to $783M.
Where does Otter Tail Corporation Pension Plan rank by assets among Form 5500 filers? ▼
Otter Tail Corporation Pension Plan ranks in the 97th 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 Defined Benefit (Pension) plans are similar in size to Otter Tail Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Jeld-Wen, Inc. Restated Pension Plan in NC ($315M, 981 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Otter Tail Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is L3harris Pension Plan for Employees in the Electronic Systems/Integrated Electronic Warfare Systems Bargaining Unit in FL (365 participants, $47M 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 270383995.

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.