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Sponsor portfolioWelfare / HealthEIN 27-0383995

OTTER TAIL CORPORATION

4150 19TH AVENUE SOUTH, SUITE 101 · FARGO, ND 58103
7012326414
Plans filed
3
Years active
2015–2024
Industry
NAICS 55
Latest filing
2024
Total premiums (latest)
$1.9M
No prior year
Persons covered
2,677
No prior year
Total participants
4,857
No prior year
Plans filed
3
No prior year

Plans under this sponsor

3 plans
Plan #501$1.8M
OTTER TAIL CORPORATION COMPREHENSIVE WELFARE BENEFIT PLAN
Mixed2,386 covered·4 carriers
Primary: UNUM LIFE INSURANCE COMPANY OF AMERICA
Plan #506$121K
OTTER TAIL CORPORATION RETIREE WELFARE BENEFIT PLAN
Mixed291 covered·1 carrier
Primary: UNUM LIFE INSURANCE COMPANY OF AMERICA
Plan #502$17K
OTTER TAIL CORPORATION SPECIAL RISK INSURANCE
Fully insured0 covered·1 carrier
Primary: ZURICH NORTH AMERICA

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Other$1.1M39.8%
Life$817K29.8%
Long-term disability$644K23.5%
Short-term disability$188K6.9%

Carrier overview

4 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
UNUM LIFE INSURANCE COMPANY OF AMERICA
EIN 010278678
LSTDLTDOth
$1.6M85.8%241,967
RELIASTAR LIFE INSURANCE COMPANY
EIN 410451140
Oth
$239K12.4%111,239
ZURICH AMERICAN INSURANCE COMPANY
EIN 364233459
Oth
$23K1.2%222,386
LIFE INSURANCE COMPANY OF NORTH AMERICA
EIN 231503749
Oth
$11K0.6%11110

Broker overview

1 broker · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
MERCER HEALTH AND BENEFITS, LLCCHICAGO, ILUNUM LIFE INSURANCE COMPANY OF AMERICA, ZURICH AMERICAN INSURANCE COMPANY, RELIASTAR LIFE INSURANCE COMPANY$115K$21K$136K100.0%2

History & trajectory

10 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.

Policy details

Latest year, by plan
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