Otter Tail Corporation
Overview
Otter Tail Corporation sponsors a self-funded health plan that covered 1,894 participants in plan year 2025, down 10% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,894 · prior year 2,097
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Otter Tail Corporation Comprehensive Welfare Benefit Plan, plan 501 (1,894 participants); Otter Tail Corporation Retiree Welfare Benefit Plan, plan 506 (591 participants)
- Broker compensation
- $158K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 1,568 | $1.5M | $92K |
| Reliastar Life Insurance Company | Accident, Critical Illness | 1,269 | $233K | $67K |
| Life Insurance Company of North America | Accidental Death and Dismemberment | 102 | $8K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,894 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Otter Tail Corporation
- Sponsor EIN
- 27-0383995
- Plan numbers
- 501, 506
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 27-0383995 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Otter Tail Corporation Retirement Savings
- Type
- 401(k) plan
- Participants
- 3,580
About this data
Source: Otter Tail Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Otter Tail Corporation.