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  2. OTTER TAIL CORPORATION
Sponsor portfolioTH

OTTER TAIL CORPORATION

EIN 27-0383995-utilities-Latest filing 2024
Plans
6
Retirement
3
$782.8M assets
Welfare
3
$1.9M premiums
Participants
10,254
PO BOX 496, 215 S CASCADE STREET - FERGUS FALLS, MN 565372801218-739-8220ottertail.comLinkedIn1001-5000 employeesutilities
Plans on this EIN
6 filings
#011401k-$411.1M - 3,496 part#006TraditionalDB-$328.8M - 1,186 part#012ProfitSharing-$42.9M - 1,194 part#501Mixed-$1.8M - 2,386 lives#506Mixed-$121K - 291 lives#502Fully Insured-$17K - 0 lives

Retirement portfolio analytics

3 plans aggregated / $782.8M assets / 5,876 participants

Assets by plan

Share of aggregate retirement assets

53%top
  • CORPORATION RETIREMENT SAVINGS (#011)53%
  • TAIL CORPORATION PENSION (#006)42%
  • EMPLOYEE STOCK OWNERSHIP (#012)5%
Total $782.8MClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • CORPORATION RETIREMENT SAVINGS (#011)3,496
  • EMPLOYEE STOCK OWNERSHIP (#012)1,194
  • TAIL CORPORATION PENSION (#006)1,186
Total 5,876Click row to drill in

Benefits portfolio analytics

3 plans / $1.9M premiums / 2,677 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$1.1M
  • Life$817K
  • Long-term disability$644K
  • Short-term disability$188K
Total $1.9M4 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
86%top
  • UNUM LIFE INSURANCE COMPANY OF AMERICA86%
  • RELIASTAR LIFE INSURANCE COMPANY13%
  • ZURICH AMERICAN INSURANCE COMPANY1%
Total $1.9M3 slices

Broker market share

Schedule A broker compensation

Single broker
100%top
  • MERCER HEALTH AND BENEFITS, LLC100%
Total $136K1 slice

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#011

OTTER TAIL CORPORATION RETIREMENT SAVINGS

401k

Assets$411.1M
Participants3,496
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#006

OTTER TAIL CORPORATION PENSION PLAN

TraditionalDB

Assets$328.8M
Participants1,186
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#012

OTTER TAIL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

ProfitSharing

Assets$42.9M
Participants1,194
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

OTTER TAIL CORPORATION COMPREHENSIVE WELFARE BENEFIT PLAN

Mixed - UNUM LIFE INSURANCE COMPANY OF AMERICA

Premiums$1.8M
Covered lives2,386
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#506

OTTER TAIL CORPORATION RETIREE WELFARE BENEFIT PLAN

Mixed - UNUM LIFE INSURANCE COMPANY OF AMERICA

Premiums$121K
Covered lives291
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#502

OTTER TAIL CORPORATION SPECIAL RISK INSURANCE

Fully Insured - ZURICH NORTH AMERICA

Premiums$17K
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans3

Plan #NameTypeAssetsParticipantsLatest year
011OTTER TAIL CORPORATION RETIREMENT SAVINGS401k$411.1M3,4962024
006OTTER TAIL CORPORATION PENSION PLANTraditionalDB$328.8M1,1862024
012OTTER TAIL CORPORATION EMPLOYEE STOCK OWNERSHIP PLANProfitSharing$42.9M1,1942024

Welfare plans3

Plan #NameFundingCarrierPremiumsCoveredLatest year
501OTTER TAIL CORPORATION COMPREHENSIVE WELFARE BENEFIT PLANMixedUNUM LIFE INSURANCE COMPANY OF AMERICA$1.8M2,3862024
506OTTER TAIL CORPORATION RETIREE WELFARE BENEFIT PLANMixedUNUM LIFE INSURANCE COMPANY OF AMERICA$121K2912024
502OTTER TAIL CORPORATION SPECIAL RISK INSURANCEFully InsuredZURICH NORTH AMERICA$17K02024
Retirement plans
Welfare plans
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