401(k) · DOL Form 5500 · 2023

Otis Worldwide Corporation 401(k) Plan

Data updated 2026-08-25

$364M
Total assets Above avg plan size
4,187
Participants Above avg headcount
97th
Percentile by assets National rank
$86,975
Avg per participant Below avg balance/head
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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.

  • #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.

#17,727
in Manufacturing (18,722 peers)
+50.7%
assets growth YoY
3.7×
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 2023 · DOL Form 5500

$364,164,443 Top 3% higher than 97% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Otis Retirement Savings Plan lands in the large band (4,187 participants).

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 833789412 · Otis Worldwide Corporation PY 2023 · 401(k)

Otis Retirement Savings Plan · $364M · 4,187 · 97th

  • PART $364M
  • PART 4,187
  • PART 97th
  • PART 401(k)
  • PART near Moore & Van Allen PLLC 401(k) Profit Sharing Plan
  • PART ind #17727

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

Quinn Emanuel Urquhart & Sullivan, LLP 401(k) PlanQuinn Emanuel Urquhart & Sul…$364MMsci Inc. 401(k) Retirement Savings PlanMsci Inc. 401(k) Retirement …$364MStrategic Education, Inc. 401(k) PlanStrategic Education, Inc. 40…$364MMoore & Van Allen PLLC 401(k) Profit Sharing PlanMoore & Van Allen PLLC 401(k…$364MOtis Retirement Savings Plan$364M
End-of-year total assets ($M) among Otis Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$242M
Net Assets (End of Year)$364M
Net Income$122M
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Otis Retirement Savings Plan, Total assets ($B): 0.364164443 · Participants: 4187Otis Retirement Savings PlanRtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Savings PlanEversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) 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 Moore & Van Allen PLLC 401(k) Profit Sharing Plan in NC ($364M); by covered participants it is F.N.B. Corporation Progress Savings 401(k) Plan in PA (4,187 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($364M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,187 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Otis Retirement Savings Plan surged - up 50.7% during 2023, from $242M to $364M. Reported net income was $122M.
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 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Moore & Van Allen PLLC 401(k) Profit Sharing Plan in NC ($364M, 692 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 F.N.B. Corporation Progress Savings 401(k) Plan in PA (4,187 participants, $461M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.