401(k) · DOL Form 5500 · 2023
Otis Worldwide Corporation 401(k) Plan
Data updated 2026-08-11
- $364M
- Total assets
- 4,187
- Participants
- 97th
- Percentile by assets
- $86,975
- Avg per participant
Official DOL plan name: Otis Retirement Savings Plan · Sponsored by Otis Worldwide Corporation · Connecticut · Manufacturing
$364M in assets, 4,187 participants
Otis Worldwide Corporation's Otis Retirement Savings Plan reported $364M in total assets and 4,187 participants in its 2023 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 127,072 plans)
- #17,727 in Manufacturing (18,722 peers)
Coverage in Connecticut
Otis Retirement Savings Plan covers 4,187 participants in Connecticut, 5.8x the typical Connecticut plan (state average ~718 per filing). Assets: $364M.
- $364M
- total plan assets (2023 EOY)
- 4,187
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $86,975
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Otis Retirement Savings Plan reported net income rose from $53M in the plan year 2022 filing to $122M in the plan year 2023 filing.
- Otis Retirement Savings Plan end-of-year assets rose from $242M in the plan year 2022 filing to $364M in the plan year 2023 filing.
- Otis Retirement Savings Plan reported participants fell from 4,318 in the plan year 2022 filing to 4,187 in the plan year 2023 filing.
Participants vs Connecticut filers
In Connecticut, the average filing covers about 718 participants across 1,906 plans. Otis Retirement Savings Plan reports 4,187 participants - 5.8x that state average ($364M EOY assets).
Connecticut filing particulars
| Total Assets (Beginning of Year) | $242M |
|---|---|
| Net Assets (End of Year) | $364M |
| Net Income | $122M |
| Employer EIN | 833789412 |
| Plan Effective Date | 2020-04-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Otis Worldwide Corporation)
| 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
- Rtx Savings Plan $52.8B · 123,037
- Citi Retirement Savings Plan $20.7B · 77,865
- The Hartford Investment and Savings Plan $6.5B · 18,377
- Xerox Corporation Savings Plan $3.9B · 10,291
- Eversource 401(k) Plan $3.8B · 9,504
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Otis Retirement Savings Plan by total assets, not by location.
- Moore & Van Allen PLLC 401(k) Profit Sharing Plan (NC) $364M · 692
- Strategic Education, Inc. 401(k) Plan (VA) $364M · 4,036
- Msci Inc. 401(k) Retirement Savings Plan (NY) $364M · 1,083
- Quinn Emanuel Urquhart & Sullivan, LLP 401(k) Plan (CA) $364M · 705
Frequently Asked Questions
How did Otis Retirement Savings Plan assets move in 2023? ▼
How have Otis Worldwide Corporation plan assets changed over time? ▼
Where does Otis Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Otis Retirement Savings Plan? ▼
Next read for Otis Retirement Savings Plan
Filing takeaways
Ways to act on Otis Retirement Savings Plan's numbers.
- By total assets, Otis Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Connecticut. Compare plans
- Otis Worldwide Corporation's sponsor-wide assets have grown 96.3% since 2022 across 3 plan years on file. More Manufacturing plans