Analysis
NAICS 525120 is the 2022 national industry for health and welfare funds, part of 52512 (Health and Welfare Funds). Census lists 5 example activities under it in the official index.
Its index entries, the activities Census uses to assign businesses to this code, include employee benefit plans (except pension), funds, health and welfare, health and welfare funds and plans, health- and welfare-related employee benefit, among 5 in all.
For example, managing portfolios of health and welfare funds are classified in 523940 (Portfolio Management and Investment Advice) instead.
Census lists 2 related activities that belong elsewhere, most often in 523940 and 524292. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
County Business Patterns publishes no national count for it, either because the code is out of the survey's scope or because the figures are suppressed to protect individual businesses.
Official definition
This industry comprises legal entities (i.e., funds, plans, and/or programs) organized to provide medical, surgical, hospital, vacation, training, and other health- and welfare-related employee benefits exclusively for the sponsor's employees or members.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Managing portfolios of health and welfare funds | 523940 Portfolio Management and Investment Advice |
| Providing pharmacy benefit management services and other third party claims administration of health and welfare plans | 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds |
Index entries (5)
- Employee benefit plans (except pension)
- Funds, health and welfare
- Health and welfare funds
- Plans, health- and welfare-related employee benefit
- Union health and welfare funds