Otis IT Inc401(k)
OTIS IT INC · WILMINGTON, DE · plan year 2021
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Otis IT Inc reported $2,639 in plan administrative expenses for 2021: 2.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the under $1M size bracket, benchmarked here against 93 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Delaware (241st of 242), and 2,495th of 2,534 in administrative & support services.
Otis IT Inc's 2021 employer contribution ran below the $275 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 320159401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.