Upstate Financial Services
Upstate Financial Services collected $447,644 in commissions and fees from 9 employer health plans in plan year 2024 filings, ranking #964 among 12,126 brokers named in the public record. Most of its named clients are in New York.
Largest clients
Employers whose filings reported the most compensation to this broker.
| Employer | Paid to broker | Participants |
|---|---|---|
| Arrow Financial Corporation · New York | $187,959 | 445 |
| Teamsters Local 294 Albany Area Trucking & Allied Industries Health · New York | $157,867 | 1,147 |
| Tower Products Incorporated · New York | $70,341 | 152 |
| Excelsior University · New York | $28,110 | 272 |
| Iron Workers Local 12 Health Insurance Fund · Connecticut | $2,159 | 165 |
| Bread Alone, Inc. · New York | $716 | 181 |
| International Brotherhood of Bricklayers Local 8 Welfare Plan · New York | $300 | 111 |
| Joint Board of Trustees of MRCC Employee Benefits Fund · Michigan | $192 | 7,781 |
| Rochester Area Construction and Materials Health and Welfare Fund · New York | $0 | 1,355 |
Source: DOL Form 5500 Schedule A Part I, plan year 2024, grouped by broker name as filed. Dataset built October 24, 2026.
Where its clients are
Employer plans naming this broker, by employer state.
How much does Upstate Financial Services earn from employer health plans?
In plan year 2024 filings, employers reported paying Upstate Financial Services $447,644: $420,224 in commissions and $27,420 in fees, across 19 insurance contracts at 9 employers. That ranks #964 of 12,126 brokers in the public record.
What commission rate is paid on plans Upstate Financial Services brokers?
Not enough fully insured medical plans name Upstate Financial Services as the sole broker to compute a stable rate. The national median is 3.8% of premium.
Which employers use Upstate Financial Services?
The largest reported payers in 2024 were Arrow Financial Corporation, Teamsters Local 294 Albany Area Trucking & Allied Industries Health, Tower Products Incorporated. New York is its biggest state by employer count (7 plans).
Amounts are what employers reported on their own filings. They do not include compensation from carriers that is not tied to a specific contract, and names are grouped exactly as filed, so related entities can appear separately. How this record is built.