Otis Elevator Company Puerto Rico Pension Plan

Other · DOL Form 5500 · 2023

What the Filing Says About Otis Elevator Company Puerto Rico Pension Plan

Otis Elevator Company Puerto Rico Pension Plan is an Other retirement plan sponsored by Otis Worldwide Corporation, headquartered in Connecticut. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 33 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 833789412, and the plan has been effective since 1972-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets grew sharply from $2M at the beginning of 2023 to $3M at year-end - up 26.6%. Net assets (after liabilities) closed the year at $3M, with reported net income of $557K 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 and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Otis Worldwide Corporation has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $244M to $476M, a gain of 95.0%, while reported participants moved from 4,346 to 4,309 (-0.9%). The strongest year on file by total sponsor assets was 2024 at $476M; the softest was 2022 at $244M. Year-by-year, sponsor-wide filings show: 2022 - $244M in assets across 2 plans covering 4,346 participants; 2023 - $367M in assets across 2 plans covering 4,220 participants; 2024 - $476M in assets across 1 plan covering 4,309 participants.

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.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Otis Elevator Company Puerto Rico Pension Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.