401(k) · DOL Form 5500 · 2023
Otter Tail Corporation 401(k) Plan
Data updated 2026-08-11
- $372M
- Total assets
- 2,480
- Participants
- 97th
- Percentile by assets
- $149,812
- Avg per participant
Official DOL plan name: Otter Tail Corporation Retirement Savings · Sponsored by Otter Tail Corporation · Illinois · Utilities
$372M in assets, 2,480 participants
Otter Tail Corporation's Otter Tail Corporation Retirement Savings reported $372M in total assets and 2,480 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.
- 97th percentile by assets (of 127,072 plans)
- #569 in Utilities (721 peers)
Coverage in Illinois
Otter Tail Corporation Retirement Savings covers 2,480 participants in Illinois, 3.2x the typical Illinois plan (state average ~779 per filing). Assets: $372M.
- $372M
- total plan assets (2023 EOY)
- 2,480
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $149,812
- avg assets per participant
Where Otter Tail Corporation Retirement Savings sits by total assets
Otter Tail Corporation Retirement Savings vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$371,532,743 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Otter Tail Corporation Retirement Savings reported net income rose from -$62M in the plan year 2022 filing to $48M in the plan year 2023 filing.
- Otter Tail Corporation Retirement Savings end-of-year assets rose from $323M in the plan year 2022 filing to $372M in the plan year 2023 filing.
- Otter Tail Corporation Retirement Savings reported participants fell from 2,553 in the plan year 2022 filing to 2,480 in the plan year 2023 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Otter Tail Corporation Retirement Savings reports 2,480 participants - 3.2x that state average ($372M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $323M |
|---|---|
| Net Assets (End of Year) | $372M |
| Net Income | $48M |
| Employer EIN | 270383995 |
| Plan Effective Date | 1984-01-01 |
| 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 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Otter Tail Corporation Retirement Savings vs. nearby 401(k) plans in Illinois, assets vs. participants
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Otter Tail Corporation Retirement Savings by total assets, not by location.
- Advocare, LLC 401(k) Profit Sharing Plan (NJ) $372M · 2,560
- The Pew Charitable Trusts Savings Plan (PA) $372M · 995
- Solaris 401(k) Plan (FL) $371M · 2,145
- Womble Bond Dickinson (US) LLP Savings and Self Employed Retirement Plan a (NC) $371M · 693
Frequently Asked Questions
How did Otter Tail Corporation Retirement Savings assets move in 2023? ▼
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Next read for Otter Tail Corporation Retirement Saving…
Filing takeaways
Ways to act on Otter Tail Corporation Retirement Savings's numbers.
- By total assets, Otter Tail Corporation Retirement Savings ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Otter Tail Corporation's sponsor-wide assets have grown 14.7% since 2022 across 3 plan years on file. More Utilities plans