401(k) · DOL Form 5500 · 2024

Otis Worldwide Corporation 401(k) Plan

Data updated 2026-08-25

$476M
Total assets Above avg plan size
4,309
Participants Above avg headcount
97th
Percentile by assets National rank
$110,358
Avg per participant Below avg balance/head
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Official DOL plan name: Otis Retirement Savings Plan · Sponsored by Otis Worldwide Corporation · Connecticut · Manufacturing

$476M in assets, 4,309 participants

Otis Worldwide Corporation's Otis Retirement Savings Plan reported $476M in total assets and 4,309 participants in its 2024 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.

  • #16,951 in Manufacturing (17,777 peers)

Coverage in Connecticut

Otis Retirement Savings Plan covers 4,309 participants in Connecticut, 6.0x the typical Connecticut plan (state average ~718 per filing). Assets: $476M.

#16,951
in Manufacturing (17,777 peers)
+30.6%
assets growth YoY
4.8×
vs typical plan assets (national mean)

Otis Retirement Savings Plan's outsized position by total assets

Otis Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$475,532,998 Top 3% higher than 97% of 123,620 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 2024

Otis Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Otis Retirement Savings Plan lands in the large band (4,309 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Otis Retirement Savings Plan end-of-year assets rose from $364M in the plan year 2023 filing to $476M in the plan year 2024 filing.
  • Otis Retirement Savings Plan reported net income fell from $122M in the plan year 2023 filing to $112M in the plan year 2024 filing.
  • Otis Retirement Savings Plan reported participants rose from 4,187 in the plan year 2023 filing to 4,309 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 833789412 · Otis Worldwide Corporation PY 2024 · 401(k)

Otis Retirement Savings Plan · $476M · 4,309 · 97th

  • BOOK $476M
  • VS-ST 4,309
  • BOY 97th
  • SCH 401(k)
  • EBSA near Mercury Employees Retirement Investment Trust
  • PART ind #16951

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 Manufacturing retirement plans → · Plans in Connecticut →

Otis Retirement Savings Plan in the asset neighbourhood

Cleco Power LLC 401(k) Savings & Investment PlanCleco Power LLC 401(k) Savin…$476MThe Broad Institute, Inc. 401(k) Retirement PlanThe Broad Institute, Inc. 40…$476MMercury Employees Retirement Investment TrustMercury Employees Retirement…$476MOtis Retirement Savings Plan$476MM. C. Dean, Inc. 401(k) Plan$475M
End-of-year total assets ($M) among Otis Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Connecticut filing particulars

Total Assets (Beginning of Year)$364M
Net Assets (End of Year)$475M
Net Income$112M
Employer EIN833789412
Plan Effective Date2020-04-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Otis Worldwide Corporation)

Sponsor-wide plan assets over time

All Otis Worldwide Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$479M 96.2501744338164% vs 2022
2024 filing year
$200M$300M$400M$500M$600M 202220232024 $244M $479M ▲ +96.3%
Year Plans Participants Total Assets
2022 2 4,346 $244M
2023 2 4,220 $367M
2024 2 4,340 $479M

Nearby 401(k) Plans in Connecticut

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Otis Retirement Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Otis Retirement Savings Plan, Total assets ($B): 0.475532998 · Participants: 4309Otis Retirement Savings PlanRtx Savings Plan, Total assets ($B): 58.647425 · Participants: 124876Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 23.241033081 · Participants: 78741Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 7.183243 · Participants: 18614The Hartford Investment and Savings PlanEversource 401(k) Plan, Total assets ($B): 4.046347175 · Participants: 10041Eversource 401(k) PlanXerox Corporation Savings Plan, Total assets ($B): 3.976943 · Participants: 9876Xerox Corporation Savings Plan
Otis Retirement Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Otis Retirement Savings Plan side-by-side with 3 peers →

Otis Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Mercury Employees Retirement Investment Trust in MA ($476M); by covered participants it is Spencer Gifts LLC 401(k) Plan in NJ (4,309 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($476M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,309 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Otis Retirement Savings Plan assets move in 2024? ▼
Otis Retirement Savings Plan surged - up 30.6% during 2024, from $364M to $476M. Reported net income was $112M.
How have Otis Worldwide Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Otis Worldwide Corporation's sponsor-wide assets grew 96.3%, from $244M to $479M.
Where does Otis Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Otis Retirement Savings Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Otis Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mercury Employees Retirement Investment Trust in MA ($476M, 2,388 participants).
Which 401(k) plans cover a similar participant headcount to Otis Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Spencer Gifts LLC 401(k) Plan in NJ (4,309 participants, $71M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 833789412.

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.