525990

Analysis

NAICS 525990 is the 2022 national industry for other financial vehicles, part of 52599 (Other Financial Vehicles). Census lists 16 example activities under it in the official index.

Between 2018 and 2023 the number of establishments grew 77% and employment rose 129%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.

County Business Patterns counts 1,652 US establishments in this code in 2023, employing 7,819 people at an average annual payroll of $167,622 per employee (99th percentile of national industries). 83% of the establishments have fewer than five employees, which marks it as a small-business industry.

Its index entries, the activities Census uses to assign businesses to this code, include closed-end investment funds, CMOs (collateralized mortgage obligations), collateralized mortgage obligations (CMOs) and face-amount certificate funds, among 16 in all.

Census lists 4 related activities that belong elsewhere, most often in 5251, 525910, 525920 and 5311. 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.

For example, legal entities (i.e., funds, plans, and programs) that provide insurance and employee benefits exclusively for the sponsor, firm, or its employees or members are classified in 5251 (Insurance and Employee Benefit Funds) instead.