Defined Benefit (Pension) · DOL Form 5500 · 2023

Otter Tail Corporation Pension Plan

Data updated 2026-08-25

$332M
Total assets Above avg plan size
343
Participants Below avg headcount
96th
Percentile by assets National rank
$967,826
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

$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.

  • #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.

#559
in Utilities (721 peers)
+5.3%
assets growth YoY
3.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$331,964,251 Top 4% higher than 96% 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

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

Plan-year 2023 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 (343 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 270383995 · Otter Tail Corporation PY 2023 · Defined Benefit (Pension)

Otter Tail Corporation Pension Plan · $332M · 343 · 96th

  • BOY $332M
  • SCH 343
  • EBSA 96th
  • PART Defined Benefit (Pension)
  • TYPE near Masters, Mates & Pilots Pension Plan
  • NET ind #559

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

Vencore, Inc. Pension Plan$333MMasters, Mates & Pilots Pension PlanMasters, Mates & Pilots Pens…$332MOtter Tail Corporation Pension PlanOtter Tail Corporation Pensi…$332MNordson Corporation Salaried Employees Pension PlanNordson Corporation Salaried…$332MIuoe Local 30 Pension Fund$331M
End-of-year total assets ($M) among Otter Tail Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$315M
Net Assets (End of Year)$332M
Net Income$17M
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): 0.331964251 · Participants: 343Otter Tail Corporation Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank 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 Masters, Mates & Pilots Pension Plan in MD ($332M); by covered participants it is Bricklayers & Allied Craftworkers Local 3 Ny Rochester Chapter Pension Fund in NY (343 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($332M here).

Similar participant headcount

Nearest other-state filings by covered participants (343 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 Otter Tail Corporation Pension Plan assets move in 2023? ▼
Otter Tail Corporation Pension Plan grew at a solid clip - up 5.3% during 2023, from $315M to $332M. Reported net income was $17M.
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 96th 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 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 Masters, Mates & Pilots Pension Plan in MD ($332M, 655 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 Bricklayers & Allied Craftworkers Local 3 Ny Rochester Chapter Pension Fund in NY (343 participants, $75M 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 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.