Instaworkbenefits
Garuda Labs Inc · SAN FRANCISCO, CA · plan year 2024
Broker compensation reported · 2024
$178,708
Instawork's benefits plans covered 230 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $178,708 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $777 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 32% from $262,124 in 2023.
Insurance contracts · 20244
KAISER FOUNDATION HEALTH PLAN, INC. · health drugpremiums n/a · 43 covered
METROPOLITAN LIFE INSURANCE COMPANY · std ltdpremiums n/a · 333 covered
AETNA LIFE INSURANCE COMPANY · health drug dentalpremiums n/a · 352 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · vision lifepremiums n/a · 230 covered
Brokers & agents paid · 20244
LUMITY INSURANCE SERVICES, INC.$146,459 · incl $14,783 fees
LUMITY, INC.$24,423 · incl $492 fees
ALERA GROUP, INC.$5,368 · incl $5,368 fees
Also brokered by Lumity Insurance Services, Inc.5
Automattic Inc. CA$701,178
Betterment Holdings, Inc NY$294,406
Eshares, Inc. CA$265,645
Invoca, Inc. CA$99,244
NUTRITIO2 LLC FL$19,804
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 474250174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.