Profit Sharing · DOL Form 5500 · 2023
Otter Tail Corporation Profit Sharing Plan
Data updated 2026-08-11
- $57M
- Total assets
- 748
- Participants
- 87th
- Percentile by assets
- $75,969
- Avg per participant
Official DOL plan name: Otter Tail Corporation Employee Stock Ownership Plan · Sponsored by Otter Tail Corporation · North Dakota · Utilities
$57M in assets, 748 participants
Otter Tail Corporation's Otter Tail Corporation Employee Stock Ownership Plan reported $57M in total assets and 748 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.
- 87th percentile by assets (of 127,072 plans)
- #390 in Utilities (721 peers)
Utilities sector rank
Within Utilities, Otter Tail Corporation Employee Stock Ownership Plan ranks #390 of 721 2023 filers by assets (945% of the sector average)-$57M for 748 participants.
- $57M
- total plan assets (2023 EOY)
- 748
- covered participants
- 87th
- percentile by assets (of 127,072 plans)
- $75,969
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Otter Tail Corporation Employee Stock Ownership Plan reported net income rose from -$14M in the plan year 2022 filing to $12M in the plan year 2023 filing.
- Otter Tail Corporation Employee Stock Ownership Plan end-of-year assets rose from $44M in the plan year 2022 filing to $57M in the plan year 2023 filing.
Rank #390 in Utilities
Among 721 Utilities plans that filed a Form 5500 for plan year 2023, Otter Tail Corporation Employee Stock Ownership Plan ranks #390 by end-of-year assets - about 945% of the sector average of $537M. Nationally it sits in the 87th percentile, a weaker position within its industry than across all filers.
Utilities filing particulars
| Total Assets (Beginning of Year) | $44M |
|---|---|
| Net Assets (End of Year) | $57M |
| Net Income | $12M |
| Employer EIN | 270383995 |
| Plan Effective Date | 1975-01-01 |
| 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 Profit Sharing Plans in North Dakota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Otter Tail Corporation Employee Stock Ownership Plan vs. nearby Profit Sharing plans in North Dakota, assets vs. participants
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Otter Tail Corporation Employee Stock Ownership Plan by total assets, not by location.
- Tac Retirement Plan (TX) $57M · 343
- Automotive Industries Individual Account Retirement Plan (CA) $57M · 975
- Action for Boston Community Development Pension Plan (MA) $57M · 689
- Mitac Tyan 401(k) Plan (CA) $57M · 217
Frequently Asked Questions
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Filing takeaways
Ways to act on Otter Tail Corporation Employee Stock Ownership Plan's numbers.
- By total assets, Otter Tail Corporation Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in North Dakota. Compare plans
- Otter Tail Corporation's sponsor-wide assets have grown 14.7% since 2022 across 3 plan years on file. More Utilities plans