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Sponsor portfolioWelfare / HealthEIN 83-3789412

OTIS WORLDWIDE CORPORATION

1 CARRIER PLACE · FARMINGTON, CT 06032
8552506947
Plans filed
3
Years active
2020–2024
Industry
NAICS 33
Latest filing
2024
Total premiums (latest)
$4.7M
No prior year
Persons covered
3,631
No prior year
Total participants
7,193
No prior year
Plans filed
3
No prior year

Plans under this sponsor

3 plans
Plan #501$4.7M
GROUP WELFARE BENEFIT PLAN OF OTIS WORLDWIDE CORPORATION
Mixed3,631 covered·8 carriers
Primary: LIFE INSURANCE COMPANY OF NORTH AMERICA
Plan #503$0
OTIS U.S. EMPLOYEE SEVERANCE PLAN
Self-funded0 covered·0 carriers
Plan #504$0
OTIS U.S. EXECUTIVE SEVERANCE PLAN
Self-funded0 covered·0 carriers

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Life$1.8M37.9%
Long-term disability$1.3M26.5%
Health$677K14.1%
Vision$461K9.6%
Dental$308K6.4%
Other$263K5.5%

Carrier overview

7 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
LIFE INSURANCE COMPANY OF NORTH AMERICA
EIN 231050374
LOth
$2.1M43.3%133,631
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
EIN 350472300
LTD
$1.3M26.8%113,564
VISION SERVICE PLAN
EIN 061227840
V
$461K9.7%112,268
HAWAII MEDICAL SERVICE ASSOCIATION
EIN 990040115
H
$315K6.6%1147
KAISER FOUNDATION HEALTH PLAN INC
EIN 941340523
H
$310K6.5%1230
CIGNA HEALTH AND LIFE INSURANCE COMPANY
EIN 591031071
HD
$308K6.5%12894
WORKPLACE OPTIONS
EIN 204343554
Oth
$26K0.6%113,607

Broker overview

1 broker · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
AON CONSULTING INCCHICAGO, ILCIGNA HEALTH AND LIFE INSURANCE COMPANY$4K$0$4K100.0%1

History & trajectory

5 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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