401(k) · DOL Form 5500 · 2024

Upwork Inc. 401(k) Plan

Data updated 2026-08-25

$122M
Total assets Near avg plan size
792
Participants Near avg headcount
92nd
Percentile by assets National rank
$153,778
Avg per participant Above avg balance/head
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Official DOL plan name: Upwork Retirement Savings Plan · Sponsored by Upwork Inc. · California · Administrative & Support Services

$122M in assets, 792 participants

Upwork Inc.'s Upwork Retirement Savings Plan reported $122M in total assets and 792 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #4,191 in Administrative & Support Services (4,368 peers)

Where Upwork Retirement Savings Plan sits by assets

Upwork Retirement Savings Plan sits in the top 10% of all filed plans by assets, $122M for 792 participants (~$153,778/participant), up 30.8% in 2024.

#4,191
in Administrative & Support Services (4,368 peers)
+30.8%
assets growth YoY
1.2×
vs typical plan assets (national mean)

Upwork Retirement Savings Plan's outsized position by total assets

Upwork Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$121,792,074 Top 8% higher than 92% of 123,620 filed plans

This plan $0 $2,050,000,000 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 2024

Upwork Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Upwork Retirement Savings Plan sits mid-pack in the medium band (792 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Upwork Retirement Savings Plan end-of-year assets rose from $93M in the plan year 2023 filing to $122M in the plan year 2024 filing.
  • Upwork Retirement Savings Plan reported net income rose from $26M in the plan year 2023 filing to $29M in the plan year 2024 filing.
  • Upwork Retirement Savings Plan reported participants fell from 867 in the plan year 2023 filing to 792 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 464337682 · Upwork Inc. PY 2024 · 401(k)

Upwork Retirement Savings Plan · $122M · 792 · 92nd

  • BOY $122M
  • BOY 792
  • BOY 92nd
  • BOY 401(k)
  • BOY near Crystal Clean, LLC Retirement Savings Plan
  • BOY ind #4191

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Administrative & Support Services retirement plans → · Plans in California →

Upwork Retirement Savings Plan in the asset neighbourhood

Fike Corporation 401(k) Plan and TrustFike Corporation 401(k) Plan…$122MMedia Holdings 401(k) Retirement Savings PlanMedia Holdings 401(k) Retire…$122MLumbermen's Employee Stock Ownership and Savings PlanLumbermen's Employee Stock O…$122MUpwork Retirement Savings PlanUpwork Retirement Savings Pl…$122MCrystal Clean, LLC Retirement Savings PlanCrystal Clean, LLC Retiremen…$122M
End-of-year total assets ($M) among Upwork Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$93M
Net Assets (End of Year)$122M
Net Income$29M
Employer EIN464337682
Plan Effective Date2014-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Upwork Inc.)

Sponsor-wide plan assets over time

All Upwork Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$122M 82.3684228021962% vs 2022
2024 filing year
$60M$80M$100M$120M$140M 202220232024 $66.8M $122M ▲ +82.4%
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Upwork Retirement Savings Plan, Total assets ($B): 0.121792074 · Participants: 792Upwork Retirement Savings PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
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 →

Upwork Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Crystal Clean, LLC Retirement Savings Plan in IL ($122M); by covered participants it is Cityblock 401(k) Plan in NY (792 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (792 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Upwork Retirement Savings Plan assets move in 2024? ▼
Upwork Retirement Savings Plan surged - up 30.8% during 2024, from $93M to $122M. Reported net income was $29M.
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 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Crystal Clean, LLC Retirement Savings Plan in IL ($122M, 2,067 participants).
Which 401(k) plans cover a similar participant headcount to Upwork Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cityblock 401(k) Plan in NY (792 participants, $27M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.