Analysis
NAICS 55111 is the 2022 NAICS industry for management of companies and enterprises, part of 5511 (Management of Companies and Enterprises). Census lists 20 example activities under it in the official index.
County Business Patterns counts 49,556 US establishments in this code in 2023, employing 3,855,720 people at an average annual payroll of $128,997 per employee (93rd percentile of national industries). 37% of the establishments have fewer than five employees, which is close to the national mix.
Between 2018 and 2023 the number of establishments fell 9% and employment rose 9%. 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.
Across its national industries Census lists 20 index entries; typical ones are bank holding companies (except managing), agreement corporation (except international trade financing) and centralized administrative offices.
Census lists 4 related activities that belong elsewhere, most often in 5221, 53311, 56111 and 92. 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.
It splits into 3 more detailed codes. The largest by establishments is 551114 (Corporate, Subsidiary, and Regional Managing Offices) with 42,331.
Official definition
This industry comprises (1) establishments primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or (2) establishments (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Holding the securities of depository banks and operating these entities | 5221 Depository Credit Intermediation |
| Patent buying and licensing | 53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) |
| Providing a range of day-to-day office administrative services for other companies or enterprises on a contract or fee basis | 56111 Office Administrative Services |
| Government establishments primarily engaged in administering, overseeing, and managing governmental programs | 92 Public Administration |
Index entries (20)
- Bank holding companies (except managing)
- Agreement corporation (except international trade financing)
- Centralized administrative offices