Defined Benefit (Pension) · DOL Form 5500 · 2023
Otter Tail Corporation Pension Plan
Data updated 2026-08-11
- $332M
- Total assets
- 343
- Participants
- 96th
- Percentile by assets
- $967,826
- Avg per participant
Official DOL plan name: Otter Tail Corporation Pension Plan · Sponsored by Otter Tail Corporation · Minnesota · Utilities
$332M in assets, 343 participants
Otter Tail Corporation's Otter Tail Corporation Pension Plan reported $332M in total assets and 343 participants in its 2023 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.
- 96th percentile by assets (of 127,072 plans)
- #559 in Utilities (721 peers)
Coverage in Minnesota
Otter Tail Corporation Pension Plan covers 343 participants in Minnesota, about 30% of the average Minnesota filer (state average ~1,126 per filing). Assets: $332M.
- $332M
- total plan assets (2023 EOY)
- 343
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $967,826
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Otter Tail Corporation Pension Plan reported net income rose from -$93M in the plan year 2022 filing to $17M in the plan year 2023 filing.
- Otter Tail Corporation Pension Plan reported participants fell from 365 in the plan year 2022 filing to 343 in the plan year 2023 filing.
- Otter Tail Corporation Pension Plan end-of-year assets rose from $315M in the plan year 2022 filing to $332M in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Otter Tail Corporation Pension Plan reports 343 participants - about 30% of that state average ($332M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $315M |
|---|---|
| Net Assets (End of Year) | $332M |
| Net Income | $17M |
| 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 $14.3B · 10,638
- Mayo Pension Plan $11.0B · 69,155
- The Travelers Pension Plan $4.2B · 24,884
- General Mills Pension Plan I $4.0B · 383
- U.S. Bank Pension Plan $4.0B · 56,287
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.
- Masters, Mates & Pilots Pension Plan (MD) $332M · 655
- Nordson Corporation Salaried Employees Pension Plan (OH) $332M · 1,974
- Iuoe Local 30 Pension Fund (NY) $331M · 2,205
- Vencore, Inc. Pension Plan (VA) $333M · 407
Frequently Asked Questions
How did Otter Tail Corporation Pension Plan assets move in 2023? ▼
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