401(k) · DOL Form 5500 · 2022

Upwork Inc. 401(k) Plan

Data updated 2026-08-11

$67M
Total assets
644
Participants
90th
Percentile by assets
$103,701
Avg per participant
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Official DOL plan name: Upwork Retirement Savings Plan · Sponsored by Upwork Inc. · California · Administrative & Support Services

$67M in assets, 644 participants

Upwork Inc.'s Upwork Retirement Savings Plan reported $67M in total assets and 644 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 90th percentile by assets (of 139,126 plans)
  • #4,716 in Administrative & Support Services (4,927 peers)

Where Upwork Retirement Savings Plan sits by assets

Upwork Retirement Savings Plan sits in the top 10% of all filed plans by assets, $67M for 644 participants (~$103,701/participant), down 2.1% in 2022.

$67M
total plan assets (2022 EOY)
644
covered participants
90th
percentile by assets (of 139,126 plans)
$103,701
avg assets per participant

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Upwork Retirement Savings Plan sits by total assets

Upwork Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$66,783,532 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
California
Industry
Administrative & Support Services

Upwork Retirement Savings Plan vs the 2022 asset distribution

By assets, Upwork Retirement Savings Plan outranks 90% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$68M
Net Assets (End of Year)$67M
Net Income-$1M
Employer EIN464337682
Plan Effective Date2014-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Upwork Inc.)

$60M$80M$100M$120M$140M 202220232024 $66.8M $122M ▲ +82.4%
Total plan assets by year, all Upwork Inc. plans on file
Year Plans Participants Total Assets
2022 1 644 $67M
2023 1 867 $93M
2024 1 792 $122M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Upwork Retirement Savings Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Upwork Retirement Sa…, Total assets ($B): 0.066783532 · Participants: 644Upwork Retirement Sa…Wells Fargo & Compan…, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Compan…Google LLC 401(k) Sa…, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Sa…Oracle Corporation 4…, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 4…Chevron Employee Sav…, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Sav…Intel 401(k) Savings…, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings…
Upwork Retirement Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Upwork Retirement Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Upwork Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Upwork Retirement Savings Plan assets move in 2022? ▼
Upwork Retirement Savings Plan edged down modestly - down 2.1% during 2022, from $68M to $67M. Reported net income was -$1M.
How have Upwork Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Upwork Inc.'s sponsor-wide assets grew 82.4%, from $67M to $122M.
Where does Upwork Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Upwork Retirement Savings Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Upwork Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Oracle Financial Services Software Inc. 401(k) Profit Sharing Plan in NJ ($67M, 292 participants).

Next read for Upwork Retirement Savings Plan

Scale reading

Ways to act on Upwork Retirement Savings Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 464337682.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.