Defined Benefit (Pension) · DOL Form 5500 · 2024

Otter Tail Corporation Pension Plan

Data updated 2026-08-25

$329M
Total assets Above avg plan size
311
Participants Below avg headcount
96th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Otter Tail Corporation Pension Plan · Sponsored by Otter Tail Corporation · Minnesota · Utilities

$329M in assets, 311 participants

Otter Tail Corporation's Otter Tail Corporation Pension Plan reported $329M in total assets and 311 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #557 in Utilities (732 peers)

Coverage in Minnesota

Otter Tail Corporation Pension Plan covers 311 participants in Minnesota, about 28% of the average Minnesota filer (state average ~1,126 per filing). Assets: $329M.

#557
in Utilities (732 peers)
-0.9%
assets change YoY
3.3×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Otter Tail Corporation Pension Plan's outsized position by total assets

Otter Tail Corporation Pension Plan vs every filed plan by assets

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

$328,824,434 Top 4% higher than 96% 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

Otter Tail Corporation Pension Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Otter Tail Corporation Pension Plan sits mid-pack in the medium band (311 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Otter Tail Corporation Pension Plan reported net income fell from $17M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • Otter Tail Corporation Pension Plan reported participants fell from 343 in the plan year 2023 filing to 311 in the plan year 2024 filing.
  • Otter Tail Corporation Pension Plan end-of-year assets fell from $332M in the plan year 2023 filing to $329M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 270383995 · Otter Tail Corporation PY 2024 · Defined Benefit (Pension)

Otter Tail Corporation Pension Plan · $329M · 311 · 96th

  • 5500 $329M
  • 5500 311
  • 5500 96th
  • 5500 Defined Benefit (Pension)
  • 5500 near Mattel Cash Balance Plan
  • 5500 ind #557

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 Minnesota →

Otter Tail Corporation Pension Plan in the asset neighbourhood

Sumitomo Rubber USA, LLC 1950 Pension PlanSumitomo Rubber USA, LLC 195…$329MMattel Cash Balance Plan$329MOtter Tail Corporation Pension PlanOtter Tail Corporation Pensi…$329MAlaska Airlines, Inc. Retirement Plan for Salaried EmployeesAlaska Airlines, Inc. Retire…$329MMasters, Mates & Pilots Pension PlanMasters, Mates & Pilots Pens…$328M
End-of-year total assets ($M) among Otter Tail Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$332M
Net Assets (End of Year)$329M
Net Income-$3M
Employer EIN270383995
Plan Effective Date1976-01-01
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 Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Otter Tail Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Otter Tail Corporation Pension Plan, Total assets ($B): 0.328824434 · Participants: 311Otter Tail Corporation Pension PlanMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension Plan
Otter Tail Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Otter Tail Corporation Pension Plan side-by-side with 3 peers →

Otter Tail Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Mattel Cash Balance Plan in CA ($329M); by covered participants it is Zimmer Biomet Holdings, Inc. Retirement Income Plan in IN (311 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($329M here).

Similar participant headcount

Nearest other-state filings by covered participants (311 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 Otter Tail Corporation Pension Plan assets move in 2024? ▼
Otter Tail Corporation Pension Plan held essentially flat - down 0.9% during 2024, from $332M to $329M. Reported net income was -$3M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Otter Tail Corporation Pension Plan ranks in the 96th 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 Defined Benefit (Pension) plans are similar in size to Otter Tail Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mattel Cash Balance Plan in CA ($329M, 222 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Otter Tail Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Zimmer Biomet Holdings, Inc. Retirement Income Plan in IN (311 participants, $386M 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 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.