OTIS WORLDWIDE CORPORATION has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2023 : OTIS RETIREMENT SAVINGS PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $305,148 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $279,912 |
| Total income from all sources (including contributions) | 2023-12-31 | $146,493,229 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $24,056,323 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $23,422,756 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $97,281,589 |
| Value of total assets at end of year | 2023-12-31 | $364,164,443 |
| Value of total assets at beginning of year | 2023-12-31 | $241,702,301 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $633,567 |
| Total interest from all sources | 2023-12-31 | $211,116 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $49,608,622 |
| Participant contributions at end of year | 2023-12-31 | $4,152,583 |
| Participant contributions at beginning of year | 2023-12-31 | $2,675,275 |
| Participant contributions at end of year | 2023-12-31 | $1,587,588 |
| Participant contributions at beginning of year | 2023-12-31 | $1,410,475 |
| Assets. Other investments not covered elsewhere at end of year | 2023-12-31 | $3,716,944 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-12-31 | $3,512,605 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $9,054,922 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $172,128 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $230,335 |
| Other income not declared elsewhere | 2023-12-31 | $332,472 |
| Administrative expenses (other) incurred | 2023-12-31 | $423 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $122,436,906 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $363,859,295 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $241,422,389 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $120,458 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $27,219,810 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $22,827,596 |
| Interest on participant loans | 2023-12-31 | $211,116 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $325,234,094 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $209,434,545 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $1,009,551 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $638,170 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $638,170 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $759,159 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $47,908,893 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $38,618,045 |
| Employer contributions (assets) at end of year | 2023-12-31 | $1,243,873 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $1,203,635 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $23,422,756 |
| Liabilities. Value of benefit claims payable at end of year | 2023-12-31 | $133,020 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-12-31 | $49,577 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | GRANT THORNTON, LLP |
| Accountancy firm EIN | 2023-12-31 | 366055558 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $305,148 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $279,912 |
| Total income from all sources (including contributions) | 2023-01-01 | $146,493,229 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $24,056,323 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $23,422,756 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $97,281,589 |
| Value of total assets at end of year | 2023-01-01 | $364,164,443 |
| Value of total assets at beginning of year | 2023-01-01 | $241,702,301 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $633,567 |
| Total interest from all sources | 2023-01-01 | $211,116 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $49,608,622 |
| Participant contributions at end of year | 2023-01-01 | $4,152,583 |
| Participant contributions at beginning of year | 2023-01-01 | $2,675,275 |
| Participant contributions at end of year | 2023-01-01 | $1,587,588 |
| Participant contributions at beginning of year | 2023-01-01 | $1,410,475 |
| Assets. Other investments not covered elsewhere at end of year | 2023-01-01 | $3,716,944 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-01-01 | $3,512,605 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $9,054,922 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-01-01 | $172,128 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-01-01 | $230,335 |
| Other income not declared elsewhere | 2023-01-01 | $332,472 |
| Administrative expenses (other) incurred | 2023-01-01 | $423 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $122,436,906 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $363,859,295 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $241,422,389 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $120,458 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $27,219,810 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $22,827,596 |
| Interest on participant loans | 2023-01-01 | $211,116 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $325,234,094 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $209,434,545 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-01-01 | $1,009,551 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $759,159 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $47,908,893 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $38,618,045 |
| Employer contributions (assets) at end of year | 2023-01-01 | $1,243,873 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $1,203,635 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $23,422,756 |
| Liabilities. Value of benefit claims payable at end of year | 2023-01-01 | $133,020 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-01-01 | $49,577 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | GRANT THORNTON, LLP |
| Accountancy firm EIN | 2023-01-01 | 366055558 |
| 2022 : OTIS RETIREMENT SAVINGS PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $279,912 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $240,186 |
| Total income from all sources (including contributions) | 2022-12-31 | $67,445,275 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $14,773,059 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $14,133,795 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $100,437,202 |
| Value of total assets at end of year | 2022-12-31 | $241,702,301 |
| Value of total assets at beginning of year | 2022-12-31 | $188,990,359 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $639,264 |
| Total interest from all sources | 2022-12-31 | $91,892 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Administrative expenses professional fees incurred | 2022-12-31 | $421,538 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $47,914,928 |
| Participant contributions at end of year | 2022-12-31 | $2,675,275 |
| Participant contributions at beginning of year | 2022-12-31 | $1,810,648 |
| Participant contributions at end of year | 2022-12-31 | $1,410,475 |
| Participant contributions at beginning of year | 2022-12-31 | $27,228 |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $3,512,605 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $3,534,413 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $11,969,480 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $230,335 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $194,588 |
| Other income not declared elsewhere | 2022-12-31 | $-1,086,862 |
| Administrative expenses (other) incurred | 2022-12-31 | $130 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $52,672,216 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $241,422,389 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $188,750,173 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $217,596 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $22,827,596 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $12,061,283 |
| Interest on participant loans | 2022-12-31 | $91,892 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $209,434,545 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $171,080,970 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $638,170 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $457,682 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $457,682 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $312,970 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-32,309,927 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $40,552,794 |
| Employer contributions (assets) at end of year | 2022-12-31 | $1,203,635 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $18,135 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $14,133,795 |
| Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $49,577 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-12-31 | $45,598 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | GRANT THORNTON, LLP |
| Accountancy firm EIN | 2022-12-31 | 366055558 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $279,912 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $240,186 |
| Total income from all sources (including contributions) | 2022-01-01 | $67,445,275 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $14,773,059 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $14,133,795 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $100,437,202 |
| Value of total assets at end of year | 2022-01-01 | $241,702,301 |
| Value of total assets at beginning of year | 2022-01-01 | $188,990,359 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $639,264 |
| Total interest from all sources | 2022-01-01 | $91,892 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Administrative expenses professional fees incurred | 2022-01-01 | $421,538 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $47,914,928 |
| Participant contributions at end of year | 2022-01-01 | $2,675,275 |
| Participant contributions at beginning of year | 2022-01-01 | $1,810,648 |
| Participant contributions at end of year | 2022-01-01 | $1,410,475 |
| Participant contributions at beginning of year | 2022-01-01 | $27,228 |
| Assets. Other investments not covered elsewhere at end of year | 2022-01-01 | $3,512,605 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-01-01 | $3,534,413 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $11,969,480 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-01-01 | $230,335 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-01-01 | $194,588 |
| Other income not declared elsewhere | 2022-01-01 | $-1,086,862 |
| Administrative expenses (other) incurred | 2022-01-01 | $130 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $52,672,216 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $241,422,389 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $188,750,173 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Investment advisory and management fees | 2022-01-01 | $217,596 |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $22,827,596 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $12,061,283 |
| Interest on participant loans | 2022-01-01 | $91,892 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $209,434,545 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $171,080,970 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $638,170 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $312,970 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $-32,309,927 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $40,552,794 |
| Employer contributions (assets) at end of year | 2022-01-01 | $1,203,635 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $18,135 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $14,133,795 |
| Liabilities. Value of benefit claims payable at end of year | 2022-01-01 | $49,577 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-01-01 | $45,598 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | GRANT THORNTON, LLP |
| Accountancy firm EIN | 2022-01-01 | 366055558 |
| 2021 : OTIS RETIREMENT SAVINGS PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $240,186 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $283,170 |
| Total income from all sources (including contributions) | 2021-12-31 | $123,083,385 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $6,815,172 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $6,212,225 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $104,344,112 |
| Value of total assets at end of year | 2021-12-31 | $188,990,359 |
| Value of total assets at beginning of year | 2021-12-31 | $72,765,130 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $602,947 |
| Total interest from all sources | 2021-12-31 | $40,584 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Administrative expenses professional fees incurred | 2021-12-31 | $387,602 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $45,540,304 |
| Participant contributions at end of year | 2021-12-31 | $1,810,648 |
| Participant contributions at beginning of year | 2021-12-31 | $375,172 |
| Participant contributions at end of year | 2021-12-31 | $27,228 |
| Participant contributions at beginning of year | 2021-12-31 | $1,291,001 |
| Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $3,534,413 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $1,641,016 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $19,464,678 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $194,588 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $283,170 |
| Other income not declared elsewhere | 2021-12-31 | $695,724 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $116,268,213 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $188,750,173 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $72,481,960 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Investment advisory and management fees | 2021-12-31 | $215,345 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $12,061,283 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $4,812,587 |
| Interest on participant loans | 2021-12-31 | $40,584 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $171,080,970 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $63,269,197 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $457,682 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $225,982 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $225,982 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $79,472 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $17,923,493 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $39,339,130 |
| Employer contributions (assets) at end of year | 2021-12-31 | $18,135 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $1,150,175 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $6,212,225 |
| Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $45,598 |
| Liabilities. Value of benefit claims payable at beginning of year | 2021-12-31 | $0 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | GRANT THORNTON, LLP |
| Accountancy firm EIN | 2021-12-31 | 366055558 |
| 2020 : OTIS RETIREMENT SAVINGS PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $283,170 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $74,953,283 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $2,471,323 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,136,293 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $65,453,633 |
| Value of total assets at end of year | 2020-12-31 | $72,765,130 |
| Value of total assets at beginning of year | 2020-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $335,030 |
| Total interest from all sources | 2020-12-31 | $4,888 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Administrative expenses professional fees incurred | 2020-12-31 | $176,104 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $27,036,696 |
| Participant contributions at end of year | 2020-12-31 | $375,172 |
| Participant contributions at beginning of year | 2020-12-31 | $0 |
| Participant contributions at end of year | 2020-12-31 | $1,291,001 |
| Participant contributions at beginning of year | 2020-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $1,641,016 |
| Assets. Other investments not covered elsewhere at beginning of year | 2020-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $14,899,669 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $283,170 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $0 |
| Other income not declared elsewhere | 2020-12-31 | $174,764 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $72,481,960 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $72,481,960 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Investment advisory and management fees | 2020-12-31 | $158,926 |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $4,812,587 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $0 |
| Interest on participant loans | 2020-12-31 | $4,822 |
| Value of interest in common/collective trusts at end of year | 2020-12-31 | $63,269,197 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $225,982 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $66 |
| Net investment gain/loss from pooled separate accounts | 2020-12-31 | $20,987 |
| Net investment gain or loss from common/collective trusts | 2020-12-31 | $9,299,011 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $23,517,268 |
| Employer contributions (assets) at end of year | 2020-12-31 | $1,150,175 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,136,293 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | PRICEWATERHOUSECOOPERS LLP |
| Accountancy firm EIN | 2020-12-31 | 134008324 |
