OTIS IT INC

What the Filing Says About OTIS IT INC

OTIS IT INC is a 401(k) retirement plan sponsored by OTIS IT INC, headquartered in Delaware. As of the 2024 Form 5500 filing, the plan reports $63K in total end-of-year assets and covers 157 participants across the Administrative & Support Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 320159401, and the plan has been effective since 2021-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $152K at the beginning of 2024 to $63K at year-end — a decline of 58.6%. Net assets (after liabilities) closed the year at $63K, with reported net income of $-88,854 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.