Profit Sharing · DOL Form 5500 · 2023

Otter Tail Corporation Profit Sharing Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
748
Participants Near avg headcount
87th
Percentile by assets National rank
$75,969
Avg per participant Below avg balance/head
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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.

  • #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.

#390
in Utilities (721 peers)
+28.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Otter Tail Corporation Employee Stock Ownership Plan's outsized position by total assets

Otter Tail Corporation Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$56,825,177 Top 13% higher than 87% 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 Employee Stock Ownership 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 Employee Stock Ownership Plan sits mid-pack in the medium band (748 participants).

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 270383995 · Otter Tail Corporation PY 2023 · Profit Sharing

Otter Tail Corporation Employee Stock Ownership Plan · $57M · 748 · 87th

  • PHOTO $57M
  • IND 748
  • EOY 87th
  • 5500 Profit Sharing
  • ASSETS near Tac Retirement Plan
  • PCT ind #390

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 North Dakota →

Otter Tail Corporation Employee Stock Ownership Plan in the asset neighbourhood

Automotive Industries Individual Account Retirement PlanAutomotive Industries Indivi…$57MOtter Tail Corporation Employee Stock Ownership PlanOtter Tail Corporation Emplo…$57MTac Retirement Plan$57MAction for Boston Community Development Pension PlanAction for Boston Community …$57MMitac Tyan 401(k) Plan$57M
End-of-year total assets ($M) among Otter Tail Corporation Employee Stock Ownership Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$57M
Net Income$12M
Employer EIN270383995
Plan Effective Date1975-01-01
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 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 Scatter plot of 6 data points. -20002004006008001000 020406080 Total assets ($M) Participants Otter Tail Corporation Employee Stock Ownership Plan, Total assets ($M): 56.825177 · Participants: 748Otter Tail Corporation Employee Stock Ownership PlanPlumbers & Steamfitters Local No. 300 Pension Plan, Total assets ($M): 67.088907 · Participants: 881Plumbers & Steamfitters Local No. 300 Pension PlanBismarck Mandan Carpenters Local 1091 Tax Deferral, Total assets ($M): 17.741069 · Participants: 927Bismarck Mandan Carpenters Local 1091 Tax DeferralRed River Human Services Foundation Profit Sharing Plan, Total assets ($M): 12.969689 · Participants: 257Red River Human Services Foundation Profit Sharing PlanAsbestos Workers Local 133 Retirement Plan, Total assets ($M): 5.73197 · Participants: 31Asbestos Workers Local 133 Retirement PlanAshley Medical Center Retirement Trust, Total assets ($M): 3.480921 · Participants: 131Ashley Medical Center Retirement Trust
Otter Tail Corporation Employee Stock Ownership Plan vs. nearby Profit Sharing plans in North Dakota, assets vs. participants
Compare Otter Tail Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

Otter Tail Corporation Employee Stock Ownership Plan's out-of-state Profit Sharing peers by assets and headcount

Outside North Dakota, the nearest Profit Sharing by assets is Tac Retirement Plan in TX ($57M); by covered participants it is Weca Atc Retirement Plan and Trust in CA (747 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($57M here).

Similar participant headcount

Nearest other-state filings by covered participants (748 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 Employee Stock Ownership Plan assets move in 2023? ▼
Otter Tail Corporation Employee Stock Ownership Plan grew sharply - up 28.1% during 2023, from $44M to $57M. Reported net income was $12M.
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 Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Otter Tail Corporation Employee Stock Ownership Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to Otter Tail Corporation Employee Stock Ownership Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Tac Retirement Plan in TX ($57M, 343 participants).
Which Profit Sharing plans cover a similar participant headcount to Otter Tail Corporation Employee Stock Ownership Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Weca Atc Retirement Plan and Trust in CA (747 participants, $16M 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.