Otis Worldwide 401(k) match, vesting and fees
What Otis Worldwide's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Alight Solutions LLC | Schedule C ↗ |
| Independent auditor | Grant Thornton, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Otis Worldwide: employer contribution per participant | $8,289 | |
| Peer median | $2,413 |
| Otis Worldwide: average balance | $99,533 | |
| Peer median | $86,456 |
| Otis Worldwide: admin expenses ÷ assets | 0.16% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $189M at the end of plan year 2021 to $475M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,072 | $475M | $39.6M | $8,289 | 0.16% | Not published | Form 5500 ↗ |
| 2023 | 5,173 | $364M | $38.6M | $8,292 | 0.21% | Not published | Form 5500 ↗ |
| 2022 | 4,886 | $241M | $40.6M | $9,152 | 0.30% | Not published | Form 5500 ↗ |
| 2021 | 4,734 | $189M | $39.3M | $9,454 | 0.46% | Not published | Form 5500 ↗ |
Other Otis Worldwide plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Otis Elevator Company Puerto Rico Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Grant Thornton LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Otis Worldwide match 401(k) contributions?
The match terms for the Otis Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $39.6M in employer contributions, about $8,289 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Otis Worldwide 401(k) match vested?
The vesting schedule for the Otis Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Otis Worldwide 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alight Solutions LLC. The plan administrator is Otis Worldwide Corporation.
I left Otis Worldwide. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Otis Worldwide Corporation, (855) 250-6947) or the recordkeeper, Alight Solutions LLC. The Otis Worldwide old 401(k) page lists the contacts from every plan filing. Find an old Otis Worldwide 401(k)
Data from the public Form 5500 annual reports Otis Worldwide filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Otis Worldwide. Not financial advice. Report a correction · Methodology