Upwork Inc.benefits

Upwork Inc.'s benefits plans covered 569 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $252,147. Insurance brokers and agents were paid $215,229 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 85.4% of premiums. That is $378 per covered person, above the median for employer plans that report broker pay. Broker pay fell 21% from $272,753 in 2023.