Otis Products, Inc. Dba Otis Technology, Inc. 401(k) Plan: Login, Facts & Contact Information

Otis Products, Inc. Dba Otis Technology, Inc. 401(k) Plan Facts

Plan name
OTIS PRODUCTS, INC. 401(K) SAFE HARBOR PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
OTIS PRODUCTS, INC. DBA OTIS TECHNOLOGY, INC.
Participants
127 (98 active employees)
Former employees with a balance
33
Plan assets
$13,180,605 at Dec 31, 2024
Average account balance
$106,295 across 124 accounts
Employer contributions
$6,665 in plan year 2024 (2% of all contributions)
Recordkeeper
Benefit Plans Administrators
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2003
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $384,868 went into the plan in contributions, $6,665 of it from the employer (2%).
  • $396,947 was paid out to participants.
  • Investment and other income added $1.11 million.
  • Administrative expenses were $82,641, about $666 per account.

How the Otis Products, Inc. Dba Otis Technology, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019200$10.2 million$198,446$601,704
2020136$11.4 million$210,349$349,474
2021134$12.4 million$196,674$1.12 million
2022122$10.8 million$190,699$713,034
2023112$12.2 million$115,840$593,628
2024127$13.2 million$6,665$396,947

Otis Products, Inc. Dba Otis Technology, Inc. 401(k) Contact Information

Phone
315-348-4300
Mailing address
6987 LAURA STREET, LYONS FALLS NY 13368
Plan sponsor
OTIS PRODUCTS, INC. DBA OTIS TECHNOLOGY, INC.
Employer identification number (EIN)
16-1367664
Plan number
001

Questions about the Otis Products, Inc. Dba Otis Technology, Inc. 401(k)

Does Otis Products, Inc. Dba Otis Technology, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $6,665, 2% of all contributions.

Does the Otis Products, Inc. Dba Otis Technology, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Otis Products, Inc. Dba Otis Technology, Inc 401(k) plan?

127 participants at the start of plan year 2024, 98 of them active employees, and 33 former employees who still had money in the plan.

What is the average 401(k) balance at Otis Products, Inc. Dba Otis Technology, Inc?

About $106,295 per account: $13.2 million in plan assets across 124 accounts with a balance at the end of plan year 2024.

Who manages the Otis Products, Inc. Dba Otis Technology, Inc 401(k) accounts?

BENEFIT PLANS ADMINISTRATORS is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Otis Products, Inc. Dba Otis Technology, Inc. How do I access my 401(k)?

Your account stays with BENEFIT PLANS ADMINISTRATORS after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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